By John Lee.
The Deputy Minister of Oil for Extraction, Mr. Bassem Mohammed Khudair, met with Mr. Fan Jianbang, CEO of the Chinese company Geo-Jade Petroleum, along with his accompanying delegation, on Sunday.
Discussions focused on the development of the Naft Khana oil field in Diyala Province, operated by Geo-Jade on behalf of the Midland Oil Company, and the Huwaiza field, managed on behalf of Maysan [Missan] Oil Company (MOC), as part of the fifth licensing round for exploratory blocks.
The Deputy Minister emphasized the goal of these developments in exploring natural gas reservoirs and reiterated the Ministry's support for international investment firms. He also stressed the importance of adhering to the specified timelines and approved standards for these projects.
Geo-Jade also has interests in the Jabal Sanam and Zurbatiya fields.
(Source: Ministry of Oil)
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