BAGHDAD Jan 19 Oil firms Nippon Oil of Japan
5001.T, Eni (ENI.MI) of Italy and Repsol (REP.MC) of Spain are
competing for a contract to help develop southern Iraq's
Nassiriya oilfield, an oil ministry official said on Monday.
The official, who asked not to be named, said the three
companies had submitted offers for an engineering, procurement
and construction contract to the Iraqi Oil Ministry, which will
evaluate them and select the most competitive.
The field is not among 19 oil and gas fields that the
country put up for bidding to international firms for service
contracts in two rounds last year.
Iraq, with the world's third largest reserves, depends on
oil for nearly all state revenue. But its output has declined
because of decades of sanctions and war, and it is in desperate
need of investment to fix its crumbling infrastructure and
develop new output.
Last year China's Chinese National Petroleum Corp. (CNPC)
became the first foreign oil firm to begin a project in Iraq
since Saddam Hussein nationalised the industry decades ago.
(Reporting by Ahmed Rasheed; writing by Ahmed Rasheed and Peter