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Emerson Electric (EMR +6.4%) says it has submitted a bid to win an automated systems contract at...
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Wednesday, November 30, 2011, 3:58 PM ETEmerson Electric (EMR +6.4%) says it has submitted a bid to win an automated systems contract at Iraq's giant Zubair oil field. Emerson - a specialist in oil and gas, refining and power automation - submitted the bid to a consortium led by Italy's Eni (E +5.6%), Zubair's operator. The field holds ~8B barrels of oil reserves.
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