The state-operated field in Basra could become the centerpiece of an integrated project led by China’s Geo Jade and Iraqi private firm Hilal al-Basra.
Iraq awards 7 new projects in first day of 5-plus/6th licensing round
Three-day event kicks off with awards to KAR Group and multiple Chinese firms. Bids on 20 more projects expected in the next two days.
Iraqi Oil Minister Hayyan Abdulghani presides over the first day of the 5-plus/6th licensing round in Baghdad on May 11, 2024. (Photo credit: Prime Minister's Office)
