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09 February 2025

Sinochem quits Iraq oil field consortium

Iran to sign gas export deal with Bahrain soon. (AFP)

Published
By Staff Writer

China's Sinochem International has withdrawn from a consortium led by Cnooc, the Hong Kong-listed unit of China National Offshore Oil, to develop the 2.5 billion-barrel Missan oil field complex in southern Iraq, an Iraqi oil ministry official said. Turkish Petroleum, known as TPAO, has joined the consortium instead.