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Iraq, China Sign Deal for New Gas Field Development
China is making further inroads into Iraqi oil and gas by inking an initial agreement with Iraq’s state-owned Midland Oil Company to develop the Mansuriya gas field with a Chinese-Iraqi consortium. The already-producing Mansuriya field foresees production of 100 million standard cubic feet of gas over a period of 18 months and 300 mscf projected over a period of 4-5 years, Reuters reported, citing a Iraqi oil ministry statement on Monday. The consortium brings together China's Gereh and Petro Iraq. Earlier in May, Chinese companies won four bids for oil and gas exploration in Iraq during actions with 29 projects up ... (full story)