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Chinese Firms Win Most Bids to Explore Iraq Oil and Gas

Iraq's Prime Minister Mohammed Shia al-Sudani speaks during the launch of the fifth and sixth licensing rounds for 29 oil and gas fields, at the Oil Ministry headquarters in Baghdad on May 11, 2024. Murtadha RIDHA / AFP

Chinese energy companies won bids to explore 10 Iraqi oil and gas fields during new licensing rounds, ahead of any other foreign country, Iraq’s oil ministry said Monday.

Seven Chinese companies, including Sinopec, UEG, CNOOC Iraq, and Anton Oilfield, won 10 projects, including eight oil fields and two with potential oil and gas reserves, while Iraq’s KAR got three fields, the ministry said.

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