Middle East Economic Survey
Baghdad Signs Final Misan Development Contract With CNOOC And TPAO
China’s CNOOC and Turkey’s state-owned TPAO on 17 May signed a final agreement for a 350,000 b/d capacity increment at three Misan province oil fields. The deal marks an eleventh contract signed as a result of two upstream bidding rounds last year, with total pledged additional new production of almost 10mn b/d. TPAO takes the 11.25%...