Chinese, Turkish companies to ink Missan oil fields contract Monday

Iraqi Oil Ministry to sign contract for fields offered in June 2009 auction after months of negotiations.
Flares at the Fakka oil field in Missan province a week after Iranian forces briefly occupid well number four. (STAFF/Iraq Oil Report)

BAGHDAD - An official in Iraq's oil contract directorate confirmed Thursday that the Chinese National Offshore Oil Corp. (CNOOC) and the Turkish Petroleum Corp. (TPAO) will finally sign the contract to develop three fields in Missan province, near the border with Iran.

It's unclear why previous junior partner, the Sinochem International Company, also from China, is no longer involved, as previously reported.

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