Chinese companies win licensing bids to explore Iraq oil and gas fields

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Chinese companies win licensing bids to explore Iraq oil and gas fields

BAGHDAD -Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use.

More than 20 companies pre-qualified for the licensing round, including European, Chinese, Arab and Iraqi groups. Two oil and gas fields were taken by Iraq's KAR Group - the Dimah field in eastern Maysan province, and the Sasan & Alan fields in Iraq's northwestern Nineveh province - the ministry said.Falah Al-amri, the Iraqi prime minister's advisor for oil and gas issues, said the government hoped the new projects would raise oil production to 6 million barrels per day by 2030 from around 5 million now."Its too early to talk about exports.

 

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