Mansuriya gas field contract signed despite security, political challenges
China's Jereh and the local firm PetroIraq clinch a deal that could give a badly needed boost to Iraq's domestic energy supply.
Iraqi Oil Minister Hayyan Abdulghani (standing) presides over the signing of a contract for the Mansuriya gas field in Baghdad on Oct. 31, 2024. (Photo credit: Oil Ministry)
KHANAQIN - Iraq has signed a new contract for the Mansuriya gas field, overcoming last-minute investor doubts about political and security challenges in Diyala province.
The Chinese firm Jereh is partnering with the Iraqi company PetroIraq to take a 49 percent stake in the project, which aims to produce 300 million standard cubic feet per day (scf/d) within five years, according to two senior Iraqi energy officials familiar with the terms. Iraq's state-run Midland Oil Company (MdOC) holds a 51 percent stake.
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