Soon: Japanese firms to develop Nassiriya field

BAGHDAD / IraqiNews.com: The Iraqi Ministry of Oil will soon sign a contract with a consortium of Japanese companies to develop the Nassiriya oilfield, an oil official said on Tuesday. “Negotiations have reached an advanced stage. Technical issues will soon be solved…,” the director of the legal affairs in the oil contracts and licenses department, Sabah al-Saadi, told Iraqi News. Three companies had submitted bids to develop the oilfield. Negotiations are currently ongoing with the Japanese consortium comprising Nippon Oil and Inpex to develop the field, he added. SS (P) 1