Iraq signs deal with CNOOC, TPAO for Maysan oilfields
BAGHDAD |
BAGHDAD May 17 (Reuters) - Iraq's Oil Ministry on Monday signed a final deal with China's CNOOC (0883.HK) and state-run Turkish Petroleum Corporation (TPAO) to develop the 2.5-billion-barrel Maysan oilfield complex.
The deal is the 11th of a series signed since last year with international oil companies to develop the war-damaged country's vast oil reserves, and which have the potential to vault Iraq into second place in the league of oil producing nations. (Reporting by Ahmed Rasheed and Rania El Gamal; Writing by Michael Christie; Editing by Keiron Henderson)
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