China's Jereh and the local firm PetroIraq clinch a deal that could give a badly needed boost to Iraq's domestic energy supply.
Iraq deepens production cuts
The Oil Ministry made major cuts at state-operated fields in October in a bid to answer OPEC-plus concerns over quota compliance.
Personnel from the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Zubair oil field in Basra in September 2024. (Photo credit: IDC)