China's Zhongman wins $27m Iraqi Drilling Contract By Editor on 18th January 2020 in Iraq Oil & Gas News By John Lee. China’s Zhongman Petroleum and Natural Gas Group Corp., Ltd. (ZPEC) has reportedly announced a new drilling contract with Weatherford in Southern Iraq. Chinese media reports that the deal is worth approximately $27 million, and follows another contract with Weatherford in Iraq agreed in December. The oil field was not identified. (Source: Eastmoney) Related posts: No related posts.