Iraq Announces New Oil Discovery at Al-Qarnain Block

• Sunday, 10th May 2026
• by Sarah Samir

Iraq announced the discovery of a new oil field in Najaf province, close to the Saudi border in the country’s southwest. The field, discovered by China-based Zhenhua Oil, holds estimated reserves of 8.83 billion barre...

ADNOC Awards 4% Stake in Onshore Concession to ZhenHua China

• Monday, 10th December 2018
• by Editorial Team

The Abu Dhabi National Oil Company (ADNOC) has awarded a 4% stake in its onshore concession to China’s North Petroleum International Company, a subsidiary of ZhenHua Oil, ADNOC announced on November 9. The sale was ap...

Zhenhua Oil to Sign JV Agreement with Iraq’s SOMO

• Sunday, 4th November 2018
• by Editorial Team

China’s Zhenhua Oil is expected to sign an agreement with Iraq’s State Oil Marketing Organization (SOMO) to establish a joint venture (JV) company, two industry officials with direct knowledge of the matter told...

Zhenhua Oil to Develop East Baghdad Oilfield

• Thursday, 28th December 2017
• by Editorial Team

Zhenhua Oil will develop the southern part of the East Baghdad oilfield, Reuters reports. The Chinese oil company has agreed to develop the oilfield over five years with the aim of increasing output to 40,000 barrels ...

SOMO Awards Diesel-Import Contracts

• Sunday, 19th November 2017
• by Editorial Team

The Iraqi oil-marketing firm, SOMO, awarded contracts for diesel importation to ZhenHua Oil, BB Energy, Litasco, and Lima, sources told Reuters. The tender was for 2.37 million tons of diesel. The diesel is to be deli...