State-owned ONGC and UAE-based Essar Projects have been shortlisted to bid for development of Iraqs $4.4 billion Nassiriya oil field and the construction of a 15 million tonne refinery.
The two firms were among five companies that Iraq added to previously shortlisted 7 global energy giants for the development of the Nassiriya oil field and the construction of a dedicated export refinery as one package.
ONGCs overseas arm ONGC Videsh Ltd will do the oilfield development while its subsidiary Mangalore Refinery (MRPL) would do the 300,000 barrels per day refinery.
Besides ONGC and Essar,the new bidders added are Russias Rosneft,Maurel & Prom of France,and South Koreas GS Engineering & Construction,according to Iraqs oil ministry.
Iraq had in March shortlisted seven firms including Reliance Industries to bid for the project. Others shortlisted then included French energy giant Total,Russias Lukoil,CNPC of China and American firm Brown Energy.
Russias Zarubezhneft and JGC & Tonen General of Japan were the other two shortlisted in March from 14 companies that expressed interest in taking up the multi-billion dollar project.
All the 12 qualified firms will now be invited to review data packages and discuss contract terms. Iraq intends to award the project by year end.
The OPEC nation has three main refineries Baiji,Daura and Basra with a total capacity of around 567,000 barrels per day (bpd). It wants to increase the refining capacity to 750,000 bpd through improvements in existing plants.