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Iraq signs deal with Angola's Sonangol to dig 10 oil wells

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Iraq signs deal with Angola's Sonangol to dig 10 oil wells

Post by GirlBye on Thu Oct 11, 2018 11:44 am



ERBIL, Iraq, Oct 11 (Reuters) - Iraq's oil ministry has signed a contract with Angolan state-owned oil company Sonangol that will see it drill 10 wells in the Qayara oilfield near Mosul in northern Iraq, the ministry said on Thursday.
The agreement was signed between Sonangol and the Iraqi Drilling Company, which is run by the ministry.

30,000 barrels per day (bpd) and output is expected to reach 60,000 bpd by next March, the ministry quoted Sonangol general manager Ramesh Valory as saying.

https://www.nasdaq.com/article/iraq-signs-deal-with-angolas-sonangol-to-dig-10-oil-wells-20181011-00363
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