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Iraq's Nassiriya oilfield to be auctioned before year-end
- Iraq: Thursday, April 11 - 2013 at 01:59
Iraqi oil ministry is set to auction the giant 'Nasiriya Integrated Project' on December 19, Dow Jones has reported. The project involves the development of a $4.4bn oil field and the building of a 300,000 bpd refinery in southern Iraq. A total of 52 international oil companies would be able to take part in the bidding round, of which 45 firms already qualified from previous bidding rounds, in addition to the seven companies shortlisted last month, said the head of the Petroleum Contracts and Licensing Directorate, Abdul Mahdy al-Ameedi.
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