Iraq weighs offer for Tuba field development
The state-operated field in Basra could become the centerpiece of an integrated project led by China’s Geo Jade and Iraqi private firm Hilal al-Basra.
Iraqi workers tend to the Tuba oil field in Basra on Feb. 19, 2015. (ESSAM AL-SUDANI/Reuters)
BASRA - Private Chinese firm Geo Jade is partnering with the Iraqi company Hilal al-Basra to pursue a contract for developing the Tuba oil field in Basra governorate.
If it goes forward, the deal would strengthen a trend of private Iraqi businesses taking a more prominent role in major energy projects that have long been the purview of state-owned companies and international oil firms.
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