Iraq Prepares to Ink Pair of Mega-Deals

摘要

Iraq is set for a busy week of deal signing with foreign oil companies that could rake in up to $50 billion and vault production to beyond 5 million barrels per day. If all goes to plan, Baghdad will wrap up at least two postwar mega-contracts in the run-up to national elections in January. Top Iraqi oil officials on Monday inked an initial 20-year technical service contract with an Eni-led group for the Zubair oil field, while BP and China National Petroleum Corp. (CNPC) are due to sign a final contract for Rumaila on Tuesday.