Iran-Iraq border fields are investment targets

Iraq is looking for international oil companies to play a large role in renewed plan for fields on border with Iran.
An Iraqi oil worker waves in protest at a well at the Fakka oil field on Dec. 25, 2009, during a tour by journalists. Iran had temporarily taken over part of the field, in Missan province. (STAFF/Iraq Oil Report)

AMARA - Iraqi oil officials appear to have restarted a plan to jointly develop fields on the border with Iran now that many international sanctions are being lifted.

The Oil Ministry is targeting three fields – one each in Basra, Missan and Diyala provinces – in this initial attempt to exploit cross-border fields, in a way that maximizes benefits and reduces the potential for political disputes.

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