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Nippon Oil, Iraq agree on Nassiriya oil field-Kyodo

Nippon Oil, Iraq agree on Nassiriya oil field-Kyodo

Write: Tytus [2011-05-20]
TOKYO, Aug 25 - Japan's Nippon Oil Corp (5001.T) and partners have obtained a basic agreement to develop Iraq's huge Nassiriya oil field, Kyodo news said on Tuesday. The group and Iraq have signed a memorandum of understanding, the report said.

A senior Iraqi oil official said earlier that the Nippon Oil-led group and partners are "very close" to winning the contract after a deal was reached on financing.