Chinese companies win more bids to explore for Iraq oil and gas
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Chinese companies have won five more bids to explore Iraqi oil and gas fields, bringing the total number of licenses won by Chinese companies to 10. The licensing round, which is Iraq's sixth, aims to increase output of natural gas for domestic use. No bids were made on at least six fields with gas potential. Notably, no U.S. oil majors have been involved in the bidding process. Chinese companies that won bids include CNOOC, ZhenHua, Anton Oilfield Services, Sinopec, and Geo-Jade.

#China #Iraq #OilAndGasExploration #LicensingRound

https://www.investing.com/news/economy/chinese-companies-win-more-bids-to-explore-for-iraq-oil-and-gas-3436006