MOO Postpones Nasiriya Integrated Project Licensing to June 2014

Petroleum Contracts and Licensing department in Ministry of Oil announced of postponing the Nasiriya Integrated Project licensing round to next June 2014.

 The official spokesman of the Iraqi ministry of oil announced on the ministry’s official website that “Petroleum Contracts and Licensing department in the Ministry of Oil decided to postpone the final date of receiving and opening  Nasiriya Integrated Project offers to be on Thursday  June 19th 2014, this was to reconsider the standard contract of the project and make some amendments, in addition to inform additional international oil companies”.

A source close to the ministry of oil previously announced on October 30th 2013 that some international oil companies submitting offers to the project asked to postpone the final deadline to give them more time to further study the project’s contract.

The same source said that the 13 companies competing for the project were all international with no local or Arabic companies, asked to give them more chance to study the project’s contracts and documents to provide a final decision about their participation.

It worth mentioning that the Nasiriya Integrated Project Licensing round was postponed twice before this new date.

The Al-Nasiriya Integrated Project aims to  develop the 4+ billion barrel Nasiriya oil field in Thi Qar province together with the construction and operation of a new 300,000 barrel per day refinery.

Japan's Nippon Oil Corporation withdrawn from the Nasiriya oil field development contract which it won in 2009 because negotiations with the Oil Ministry reached a dead end.

Kadhum A. Jabbar

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