Iraq approves $526 mln drilling deal for West Qurna oilfield

May 19, 2015 5:30 PM

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BAGHDAD May 19 Iraq's cabinet has approved a $526.6 million drilling deal with China's Zhongman for the West Qurna Two oilfield, the government said in a statement on Tuesday.

Under the 28-month contract, Zhongman Petroleum and Natural Gas will drill 66 production oil wells at West Qurna Two, operated by Russia's Lukoil, the statement said.

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