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13 May 2024

Chinese Companies Win More Bids to Explore for Iraq Oil and Gas

13 May 2024  by scmp   

China National Offshore Oil Corp (CNOOC) headquarters in Beijing. Photo: Reuters

Chinese companies won five more bids to explore Iraqi oil and gas fields, Iraq’s oil minister said on Sunday, as the Middle Eastern country’s hydrocarbon exploration licensing round continued into its second day.Chinese companies have been the only foreign players to win bids so far, taking licenses covering 10 oil and gas fields since Saturday, while Iraqi Kurdish company KAR Group took two.

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