By John Lee.
China’s ZhenHua Oil [Jinhua] has signed a service contract to develop the southern part of the East Baghdad oil field.
Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said that the signature of the contract was significant for Baghdad because it is the first project in the capital.
The development of the field will raise the production of the Midland Oil Company.
As part of the deal, the project will also provide social services, and see the construction of a housing complex with 2000 residential units.
(Source: Ministry of Oil)