August 24, 2009 / 11:47 PM / 8 years ago

Nippon Oil, Iraq agree on Nassiriya oil field-Kyodo

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TOKYO, Aug 25 (Reuters) - Japan's Nippon Oil Corp 5001.T and partners have obtained a basic agreement to develop Iraq's huge Nassiriya oil field, Kyodo news said on Tuesday. The group and Iraq have signed a memorandum of understanding, the report said.

A senior Iraqi oil official said earlier that the Nippon Oil-led group and partners are "very close" to winning the contract after a deal was reached on financing. [ID:nLO563721] (Reporting by Osamu Tsukimori)

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