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Iraq, Sonangol sign initial oilfield deals
- Iraq: Thursday, December 31 - 2009 at 09:30
Iraq's oil ministry has signed initial agreements with Angola's state oil firm Sonangol to develop the Qayara and Najmah oilfields in Nineveh province in the country's north, Reuters has reported. Sonangol said it will invest $2bn in Qayara, and that several firms have shown an interest in forging joint exploration partnerships with it. The deals must be approved by Iraq's cabinet before they can be finalised.
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StaffThursday, December 31 - 2009 at 09:30 UAE local time (GMT+4)
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