The Ministry of Oil will sign a contract with a Chinese company to develop oilfield east of Baghdad

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The Ministry of Oil announced that it will sign tomorrow with a final Chinese company to develop the field east of Baghdad, indicating that the contract requires the company contracting relying on the national manpower by a large percentage.

The official spokesman of the ministry said that the ministry will sign on Wednesday a final contract on the service to develop the field east of Baghdad – the southern part with the Chinese company Genghua oil.
The ministry aims to develop the field and reach the production capacity to 40,000 barrels within five years. The Chinese company will also build an oil city with housing units and integrated service facilities.

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