Iraq finalizes Mansuriya contract for next government
Sinopec has agreed to commercial terms for developing the Diyala province gas field, but Iraq's current caretaker government is not signing a binding contract.
Ali Maarij, head of the Oil Ministry's Petroleum Contracts and Licensing Directorate, speaks at a ceremony in Baghdad on Jan. 20, 2022 to celebrate the finalization of a contract for the Mansuriya gas field. (Photo credit: Oil Ministry)
Iraq has finalized contract terms with China's Sinopec for the development of the Mansuriya gas field, although the deal will not be signed before a new government is formed.
If the project moves forward, Sinopec will target production of 300 million standard cubic feet per day (sfc/d). That supply would help both Iraq's electricity grid and the government budget — feeding nearby power plants that currently depend on unreliable and expensive imports from Iran.
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