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ZhenHua signs East Baghdad Deal

By John Lee.

China’s ZhenHua Oil [Jinhua] has signed a service contract to develop the southern part of the East Baghdad oil field.

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said that the signature of the contract was significance for Baghdad because it is the first project in the capital.

The development of the field will raise the production of the Midland Oil Company.

As part of the deal, the project will also provide social services, and see the construction of a housing complex with 2000 residential units.

(Source: Ministry of Oil)

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Iraq to ask IOCs to Build Housing, Provide Services

Iraq will ask foreign oil companies operating in the country to build housing for Iraqis employed on their projects, the oil ministry in Baghdad said in a statement on January 10.

Oil Minister Jabar al-Luaibi “issued a general notice which commits contracted companies to build modern housing compounds and provide essential services to employees,” the statement said.

(Source: GardaWorld)