Iraq to Set Date Soon for Nassiriya Oil Field Bids

By John Lee.

Abdul-Mahdy al-Ameedi, the director of the Iraqi oil ministry’s contracts directorate, has said that Iraq will soon set a date for international oil companies (IOCs) to bid to develop the giant Nassiriya oilfield.

The largely undeveloped field has estimated reserves of just under 5 billion barrels.

According to information from Reuters, there will also be an opportunity to develop an oil refinery at the site.

(Source: Reuters)

One Response to Iraq to Set Date Soon for Nassiriya Oil Field Bids

  1. Faik A.K.Nasser August 3, 2012 at 1:58 am #

    We have submitted proposal about investment in Nasserya refinery
    The regulations and slow pace type of processing the information in
    Iraq has been biggest burden to investors.

    Faik A.K.Nasser
    USA