Dragon Oil Targets Iraq

Dubai-based Dragon Oil is considering expanding into Iraq.

In its management statement on Monday, the company said that it was pre-qualified for Iraq’s fourth oil licensing round, which is currently scheduled to take place at the end of May.

We are looking at partnering opportunities ahead of this bidding round,” the company said in its statement.

Dragon Oil's production level in the first quarter was up 22% on the same period last year.

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