China To Study Iraq's Offshore Oil Resources

(MENAFN- Iraq Business News)

By John Lee.

The Iraqi Oil Exploration Company has signed a contract with China National Offshore Oil Corporation (CNOOC) to study Iraq's offshore oil block in the Gulf.

The Undersecretary for Extraction Affairs represented the Oil Minister, Mr. Ihsan Abdul-Jabbar Ismail, at the signing ceremony.

The General Manager of CNOOC Middle East and Iraq said that the contract for conducting a joint study represents a start of a new type of cooperative relations between Iraq and CNOOC.

(Source: Ministry of Oil)


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