Chinese Companies win bids to explore Five Iraqi Oil and gas fields in the United States Saturday The licensing round was for hydrocarbons exploration, whose primary goal was to increase gas production for domestic consumption.

An Iraqi Kurdish The company won two out of 29 projects in the three-day licensing rounds across Central, Southern and Western IraqThe first offshore exploration block to be included in the country’s Arab Gulf waters.

Iraq The country is looking to attract billions of dollars in investments to develop the oil and gas industry as it aims to increase local petrochemicals and stop imports from neighbouring countries. Iran The key to generating power is currently nuclear.

More More than 20 companies have pre-qualified to participate in the licensing round. European, Chinese, Arab You can also find out more about the following: Iraqi groups.

There There were no US oil giants involved in the incident, even after Iraqi Prime Minister Mohammed Shia During an official visit to the USA, I met with representatives of US oil companies. United States last month.

02:05

China Cements influence in Iraq After US withdrawal, infrastructure and oil deals are underway.

China Cements influence in Iraq After US withdrawal, infrastructure and oil deals are underway.

Five Bids are won on Saturday You can also read about how to get in touch with us. Chinese companies.

Zhongman Petroleum You can also find out more about the following: Natural Gas Group (ZPEC), took the northern extension Eastern Baghdad Field BaghdadThe. Middle Euphrates The field that runs along the southern border Najaf You can also find out more about the following: Karbala The oil ministry has said that provinces are affected.

China’s United Energy Group The winning bid for the development of the Al-Faw Field in the southern BasraZhenHua was awarded the bid to develop Iraq’s Qurnain The field Iraqi-Saudi Border region Geo-Jade A bid was won to develop Iraq’s Zurbatiya The field Wasit.

Two The oil and gas field was 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.

Around Bidding is now open on 20 new projects Sunday You can also find out more about the following: Monday.

Falah AlThe Iraqi The prime minister’s advisor for oil and natural gas said that the government hopes to increase oil production from 5 million barrels a day now to 6 million by 2030.

02:10

China Second 10,000-metre hole is drilled in search of natural gas and oil

China Second 10,000-metre hole is drilled in search of natural gas and oil

The Government also wants projects to produce sufficient natural gas, so that along with plans to completely eliminate gas flaring in 2030, they can all but eliminate it. Iraq You could stop imports.

“It’s too early to talk about [gas] exports. We want to get self-sufficient,” Al-amri said Reuters.

Iraq, Opec’s second-largest oil producer after Saudi ArabiaAt one point, he had aimed to become a competitor of the Gulf Arab Kingdom with a production of more than tenths of the global demand.

But Its oil sector development is hampered due to contract terms that are not viewed favourably by many of the major oil companies, as well as by recurrent conflict and political paralysis.

Growing In recent years, investors have focused their attention on criteria such as environmental, social and corporate governance.

Western ExxonMobil is one of the oil giants. Corp You can also find out more about the following: Royal Dutch Shell Many projects have been abandoned in Iraq You can also read about how to get in touch with us. Chinese Companies have been steadily expanding their footprint.

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