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.

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.

Zhenhua Oil will develop the southern part of the East Baghdad oilfield.

The Iraqi oil-marketing firm, SOMO, awarded contracts for diesel importation to ZhenHua Oil, BB Energy, Litasco, and Lima.