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Chinese Firm Moves Forward With This Strategically Critical Iraqi Gas Field

In practical energy terms, the Mansuriya field holds an estimated 4.5 trillion standard cubic feet (Tscf) of gas and is expected to produce around 300 million scf per day (Mmscf/d) of gas at its peak, although it will start running at about 100 Mmscf/d within 18 months, a senior energy source who works closely with Iraq’s Oil Ministry told OilPrice.com. That said, the site has a deeper and broader appeal to China, with the Mansuriya field having long been regarded by it, the U.S., Russia and Iran as holding a vital strategic position in the heart of the Middle East.

Iraq signs deals for 13 oil and gas blocks following its latest licensing rounds

Iraq’s Oil Ministry has signed initial deals for 13 oil and gas exploration blocks and fields, which could increase the country’s output by 750 kb/d of crude oil and 850 mcf/d (8.8 bcm/year) of natural gas. The agreements were signed with the winning companies within Iraq’s fifth and sixth supplementary licensing rounds. These deals represent the follow-up of the bidding round held in May 2024, in which Chinese companies dominated.