Iraq awards 6 oil concessions to UAE, Chinese firms
20 February 2023
Iraq has awarded six oil concessions to two UAE and Chinese companies as part of the fifth licensing round, Iraq’s Oil Minister Hayan Abdul Ghani was quoted on Thursday as saying.
Sharjah-based Crescent Petroleum, the Middle East’s largest private upstream oil and gas company, was awarded three concessions covering the production and development of oil and gas fields Ghani said in a statement published by Aliqitsad News and other publications.
One field is located in Basra in South Iraq while two are in the Northeastern Diayla Governorate, Ghani said, adding that the fifth round was announced nearly six years ago.
Two other concessions in Basra and one in Diyala were awarded to the Chinese Geo-Jade Petroleum Company, he added.
Related
-
Gamuda to develop 600MW wind and solar with BESS in Tasmania
4 July 2025
-
Hidroelectrica awards EUR 9.5 mln floating photovoltaic system in Romania
3 July 2025
-
Consortium wins Egypt desalination plant EPC contract
3 July 2025
-
Mozambique Grants Zambia Land for Dry Port Project in Nacala
2 July 2025
-
Madagascar signs deal to develop 50 MW of solar with 25 MWh of storage
2 July 2025
-
Globeleq’s Red Sands battery energy storage project reaches financial close
2 July 2025