Iraq to Seek Bids for $3 Billion Phosphate Plant, Minister Says

Iraq will renew its request for bids from both local and international companies to build a phosphate plant in the western part of the country in a project estimated to be valued at $3 billion.

“The purpose behind the re-announcement is to get the best offers,” Khalid Battal Al-Najim, the Minister of Industry and Minerals, told reporters in Baghdad. He didn’t disclose the expected production capacity of the plant.

Iraq received bids from five companies last year that it considered too low and is now seeking to widen the offer to more bidders, Al-Najim said. The announcement of the request ...