CNOOC, TPAO finalize Missan fields contract

Then-Iraqi Oil Minister Hussain al-Shahristani (R) speaks with China's energy giant CNOOC director Yang Hua as Turkey's TPAO director Mehmet Uysal listens on following the signing of an oil deal in Baghdad on May 17, 2010, while other members of the delegation look on. Buoyed by projected oil revenues and discontent with Baghdad, the provinces of Missan, Basra and Dhi Qar are seriously contemplating forming a semi-autonomous federal region. (SABAH ARAR/AFP/Getty Images)

Twelfth contract signed with foreign firms since 2008 will push production capacity to more than 12.5 million bpd within seven years, boosting Missan province's oil standing. And more deals may be in the pipeline.

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