Chinese companies have won four bids to explore Iraq's oil and gas fields, while US oil majors were not involved.
Ana-Maria Tapescu
International
Foto: pixabay.com
Always see our news on Google
The oil and gas licenses for 29 projects are mainly aimed at boosting production for domestic use, with more than 20 companies pre-qualified, including European, Chinese, Arab and Iraqi groups. Chinese companies were the only foreign firms to win bids, snapping up nine oil and gas fields on Saturday, while Iraqi Kurdish company KAR Group took two.
Sources
Companii chineze vor exploata mai multe zăcăminte de petrol și gaze din Irak, al doilea cel mai mare producător din OPEC
Companii chineze câştigă licitaţiile pentru a explora zăcăminte de petrol şi gaze din Irak - ministru irakian
Companii chineze au câştigat patru licitaţii pentru a explora zăcăminte de petrol şi gaze din Irak - ministru irakian
Latest News
18:12
Venezuela is analyzing the possibility of exiting OPEC, which could affect the oil cartel.
18:03
Donald Trump published a ranking of the best U.S. presidents on his Truth Social network, placing himself in first place.
17:58
The standard diesel excise duty, temporarily reduced by 25% until September 15, 2026
17:58
A Turkish drone illegally entered Greek airspace, prompting the intervention of F-16 aircraft.
17:39
The Romanian government has decided to extend the operation of the lignite power plants in Turceni and Craiova.
See more news
NEWS ON THE SAME TOPICS
International
Beijing introduces strict rules for Chinese companies that want to invest in foreign businesses.
International
The USA and Venezuela discuss a possible American participation in several oil fields (press)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
