Construction Frontline
China Man Oil won the bid for the Iraq project
Seetao 2024-05-14 10:06
  • China Mann Oil's winning bid in Iraq will help promote its overseas business expansion and profitability improvement
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Sino Mansour has made remarkable progress again in the upstream exploration and development market of the the Belt and Road countries, which is another milestone breakthrough of the company after the successful acquisition of Xinjiang Wensu Block, Kazakhstan Tenge and shore oilfield projects.

Recently, in the fifth and sixth rounds of oil and gas block bidding held in Baghdad, Iraq, China National Petroleum Corporation (CNPC) successfully won the bid for the East Baghdad Field Northern Extension and Middle Euphrates blocks. The EBN block, as the first block to be sold at the bidding meeting, is located in the central provinces of Baghdad and Salah Din in Iraq, with a total area of 231 square kilometers. The other MF block is located in the Najaf and Karbala provinces of central Iraq, with a total area of 1073 square kilometers.

China National Petroleum Corporation  will carry out the next step of contract negotiations and signing with the Iraqi Ministry of Petroleum as soon as possible based on the relevant policies of oil and gas field development in Iraq and the actual situation of the company. Keywords: the Belt and Road news, the Belt and Road project, overseas project.

It is understood that the Iraqi government has initiated the fifth and complete sixth round of license bidding activities, which cover a total of 29 oil and gas exploration blocks distributed in 12 provinces of Iraq. The main goal of the Iraqi government's bidding is to create more employment opportunities for the Iraqi people through these energy exploration projects, and effectively promote the comprehensive economic and social progress and development of provinces with oil fields. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen

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