The Ministry of Oil has signed initial deals for 13 profit-sharing contracts from blocks offered its Fifth Licensing Round Plus and Sixth Licensing Round. Of note, all except the last winner are Chinese companies. List below:
1- Anton Oilfield Services won the Dhafriyah 1 field, 29.16% profit share
2- CNOOC won Block 7, 25.88% profit share
3- Geo-Jade won the Zurbatiya (7.65% profit share) and Jabal Sanam (30.9% profit share)
4- Sinopec won the East Somer block, 17.85% profit share;
5- United Energy Group (UEG) won the Fao block, 25.16% profit share
6- ZhenHua won the Al Qurainan block (17.3% profit share) and the Abu Khaimah 1 field (9.1% profit share)
7- Zhongman Petroleum and Natural Gas Group (ZPEC) won the northern part of East Baghdad oil field with an offer of 6.67% profit share and the “Middle Euphrates” fields (Kifl, Kifl West and Marjan), 9.35% profit share
8- Iraqi company KAR won the Ad Daimah 1 (6.2% profit share) and the Sasan 1 + Alan 1 fields (joint award, 17.25% profit share), as well as the Al Khalisiya block
Energy Offshore International Chemicals Trading L.L.C.
November 15, 2024
Energy Offshore International Chemicals Trading L.L.C (“EOI”) and Energy Ventures Chemicals Trading L.L.C (“EVCT”) are proud to announce the ceremonial signing for LOI to manufacture
