Mansuriya deal collapsing after Sinopec requests contract overhaul
The Oil Ministry is considering a backup plan of offering the gas field in a new contract licensing round.
Iraqi Drilling Company staff complete a rehabilitation of the Mansuriya-2 well in the Diyala province gas field, on behalf of the Midland Oil Company, on Jan. 9, 2020. (Source: Iraqi Drilling Company media office)
Iraq appears to be on the verge of losing a deal to develop one of its largest free gas fields after China's Sinopec asked for fundamental changes to a contract that was awarded by the previous government.
The end of the Mansuriya deal would represent a setback in Iraq's efforts to develop its domestic gas supplies, increase feedstock for power generation, and reduce dependence on unreliable and expensive gas imports from Iran.
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