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Japanese offer infrastructure investments to land Iraq Oil deal.

Publication: The Oil Daily
Publication Date: 29-JUL-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Japanese offer infrastructure investments to land Iraq Oil deal.(Nippon Oil Company Ltd.)

Article Excerpt
A Japanese consortium led by Nippon Oil is trying to bolster its chances of winning a contract to develop's Iraq's Nasiriyah field by proposing to invest in infrastructure projects in return. This marks the first time a Japanese group has adopted a strategy more usually employed by Chinese and Korean national oil companies.

Nippon is reportedly the front-runner for the engineering, procurement and construction (EPC) contract--designed to boost Nasiriyah's output to 100,000 barrels per...

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