We need these contracts for the reconstruction of Iraq, Maliki said in his speech during the opening of the bidding session.

We announce our readiness to stand with the winning firms as for providing security and all possible support to facilitate and ensure the success for both parties (Iraq and the company), Maliki said.

Iraq requires billions of dollars investment for its oil reserve to overhaul its oil infrastructure and increase oil and gas production after 13 years of sanctions and war.