As one of the few major trading partners of Iran, China has signed a 25-year strategic cooperation pact, and while this gives Beijing major opportunities in Iran’s oil sector, it is now looking to get even better terms
Last week saw six oil concessions awarded by Baghdad to three companies from China and the UAE, as the former is set to take over the lead operator role of the supergiant West-Qurna 1 field
One of Iraq's largest oil fields is nearly doubling its capacity next year and, with new seismic work, likely increasing reserves beyond its current 47 billion barrels.
As Iraq’s largest nationally-operated field, Majnoon is of huge symbolic importance to the country’s oil sector. A 200,000 b/d expansion project is three y.