By John Lee.
Iraq's Ministry of Oil, led by Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, has signed 13 initial contracts with companies to develop oil fields and exploration blocks as part of the supplementary fifth and sixth licensing rounds.
The deals are expected to add 750,000 barrels per day of oil production and 850 million cubic feet of gas per day, enhancing Iraq's energy sector and supporting electricity generation.
The contracts, which include fields in Basra, Maysan, Nineveh, and other regions, will undergo final approval by the Ministerial Council for Energy before full implementation.
Click here to view the results of the recent licensing rounds.
(Source: Ministry of Oil)
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