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As part of the fifth licensing round for Iraq, Sharjah-based Crescent Petroleum, the Middle East’s largest private upstream oil and gas company, was awarded three concessions covering the production and development of oil and gas fields, and three concessions were awarded to the Chinese Geo-Jade Petroleum Company. Three of the fields are located in Basra in South Iraq, while the other three are in the Northeastern Diyala Governorate.

Iraq awards 6 oil concessions to UAE and Chinese firms

As part of the fifth licensing round for Iraq, Sharjah-based Crescent Petroleum, the Middle East’s largest private upstream oil and gas company, was awarded three concessions covering the production and development of oil and gas fields, and three concessions were awarded to the Chinese Geo-Jade Petroleum Company. Three of the fields are located in Basra in South Iraq, while the other three are in the Northeastern Diyala Governorate.

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