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Iraq to award oil contract in March
A senior Iraqi oil official says the government will award a contract to develop a prized oil field in southern Iraq next month.
Updated on: Feb 18, 2009, 14:06:36 IST
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A senior Iraqi oil official says the government will award a contract to develop a prized oil field in southern Iraq next month.
Italy's Eni SpA, Spain's Repsol and Japan's Nippon Oil are competing for a service contract to develop the Nasiriyah oil field. Ahmed al-Shamaa, Iraq's deputy oil minister, says the government will finish studying the technical offers this month and award the contract in March.
Al-Shamaa spoke to The Associated Press by phone on Wednesday. The field lies in the oil-rich Dhi Qar province, about 200 miles (320 kilometers) southeast of Baghdad. It has reserves of about 4.4 billion barrels with a potential of producing at least 300,000 barrels a day.
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