Japan's Nippon Oil Corp and partners have a good chance of winning a contract to develop the Nassiriya oilfield but negotiations are continuing over the financial terms of the project, Iraqi officials said Wednesday.
Japanese state banks backing the consortium in its bid for the super giant oilfield will meet Iraqi Oil Ministry and Finance Ministry officials next week in Istanbul, said deputy Iraqi oil minister, Ahmed al-Shamma.
The head of the legal and commercial section of the Iraqi Oil Ministry's Petroleum Contract and Licensing Directorate, Sabah Abdul Kadhim, said there were "good developments" in the discussions with the Japanese but "no final deal."
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