Iraq signs 5-plus and 6th round contracts
Thirteen deals from the May licensing round were finalized and signed at a ceremony in Baghdad, as Chinese firms further expand their footprint in Iraq’s oil sector.
Oil Minister Hayyan Abdulghani (center) presides over a contract signing ceremony for 13 deals offered in Iraq's 5-plus and sixth licensing rounds, in Baghdad on Oct. 27, 2024. (Photo credit: Oil Ministry)
Iraq signed 13 contracts that were awarded in the Oil Ministry’s “five-plus” and sixth licensing rounds, finalizing deals that highlight the growing prominence of China in the country’s oil and gas sector.
Speaking at the Oct. 27 signing ceremony in Baghdad, Oil Minister Hayyan Abdulghani said the projects could eventually add up to 850 million standard cubic feet per day (scf/d) of natural gas production and 750,000 barrels per day of crude production.
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