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PetroChina will develop the Nahr bin Umar gas field in Iraq. The opportunity comes after PetroChina replaces ExxonMobil in leading Iraq’s oil sector. Around 70 percent of Iraq’s gas reserves are ‘associated’ with oil fields, and the majority of these fields are located in the southeast of Iraq. China and Russia’s continued involvement in Iraq’s energy sector may open a direct route for Iran to Syria, further deterring American hegemony from the region. 

China Awarded Major Contract By Iraq For Supergiant Oil And Gas Field

PetroChina will develop the Nahr bin Umar gas field in Iraq. The opportunity comes after PetroChina replaces ExxonMobil in leading Iraq’s oil sector. Around 70 percent of Iraq’s gas reserves are ‘associated’ with oil fields, and the majority of these fields are located in the southeast of Iraq. China and Russia’s continued involvement in Iraq’s energy sector may open a direct route for Iran to Syria, further deterring American hegemony from the region. 

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