Emerson Electric (EMR +6.4%) says it has submitted a bid to win an automated systems contract at...

|About: Emerson Electric Co. (EMR)|By:, SA News Editor

Emerson 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.