Both groups were asked to revise their bids, said Oil Minister Hussain al-Shahristani, because they were asking for more money per barrel than the government wanted.
No bids were offered on the second field on offer, Mansouri.
The field, located in the restive Diyala province, is an undeveloped gas field estimated to hold 3.3 trillion cubic feet of reserves with production potential of 330 million cubic feet a day. That province has weathered some of Iraq's worst violence.
SHOOT: Crazy ain't it. The USA invades the country, 'liberates it', then China, flush with US treasury bills (they haven't blown trillions on a war halfway around the world), and buys the reserves. Thanks very much USA. Next step: USA invades China and its [the US'] hegemony is finally broken. Bad strategy, but what would you expect from a bunch of evangelicals in the White House. Well, until now. Obama needs to build wind farms and re-engineer the transport psychology there. Trains, not highways. Sun and wind energy, not coal and oil. Good luck.