American, Japanese and Chinese companies have submitted bids to develop the al-Qatiaa oil field west of the southern Iraqi city of Nassiriya, according to a report from Bloomberg.
The Oil Ministry is studying the offers from the three companies, Hussein Aziz, head of the municipality of al-Shatra in Nassiriya province, told reporters. He did not name the companies.
The oil field will produce about 300,000 barrels a day, he said. The contract also involves the establishment of a refinery and the drilling of 10 wells, he said.