Iraq in, Japan out on Nassiriya deal

Iraq and Japanese consortium unable to reach deal on southern oil field after more than a year of talks.

Iraq has terminated negotiations with a group of Japanese oil companies to develop the Nassiriya oil field after what was assumed to be a sure deal soured over conflicting expectations.Iraqi Oil Minister Hussain al-Shahristani said Monday the country would develop the field itself.A bid by Nippon, Inpex and JGC Corp., backed by the Japan Bank for International Cooperation, was chosen last fall over that of Italy's Eni and Spain's Repsol. The three bids were the only invited for the 4.4 b...

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