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 b ...
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.
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