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Iraqi-Chinese consortium to develop Tuba oil and gas field
The Iraqi Ministry of Oil signed on Sunday an initial agreement with an Iraqi-Chinese consortium to develop the Tuba oil and gas field in southern Iraq. The project aims to produce crude oil with a capacity of 200 thousand barrels per day and gas with a capacity of 50 million cubic feet. The Iraqi Minister of Oil, Hayan Abdul-Ghani, mentioned in a statement that the ministry signed the agreement with a consortium of Geo-Jade Petroleum, a Chinese oil exploration and production company, and Crescent Basra to develop the oil and gas field in Basra governorate, the Iraqi News Agency (INA) reported. The project includes ... (full story)