Tuesday, 8 September 2009

Hussain al-Shahristani sounds to get important card

It sounds that Japan's Nippon Oil Corp. and its partners offer to develop Iraq's promising southern Nassiriya oil field, and may be to construct a 300,000-barrel-a-day refinery, has won the hearts of the Iraqi oil officials.

Reuters' Missy Ryan and Ahmed Rasheed reported today that the two sides are planing to finalize the deal next week when representatives from Nippon Oil Corp., Inpex Corp. and plant engineering firm JGC Corp. visit Baghdad.

It sounds that the latest visit by Iraqi Oil Minister, Hussain al-Shahristani, to Tokyo helped to push the negotiations with the Nippon-led consortium steps forward to leave Italy's Eni and Spain's Repsol behind in the race.

The battered al-Shahristani will likely move quickly with the deal to have a card to be used against his foes at the parliament as pressure is amounting to summon him and to be used also for his elections campaign.