BAGHDAD (AFP) – Iraq signed a deal with Chinese energy giant CNOOC and Turkey’s TPAO on Monday to develop a major southern oilfield complex, its 11th deal with foreign energy firms as Baghdad aims to boost crude output.
Among the three fields in the Maysan complex, along Iraq’s border with Iran, is one partially claimed by Tehran, whose forces took over an oil well in the Fakka field in December for several days but withdrew after bilateral talks.
“Today is a very important day in the history of Iraqi oil production, with the development of very important fields in Maysan province,” Oil Minister Hussein al-Shahristani said at the contract signing in Baghdad.
Full story: Iraq signs oil field deal with Chinese, Turkish firms – Yahoo! News