Iraq's Oil Ministry, through the state-owned Midland Oil Company, has signed a preliminary agreement with a consortium comprising the Chinese companies Jereh Group and Petro Iraq (a unit of PetroChina) to develop the Al-Mansuriya gas field in the Diyala province, in eastern Iraq.
Jereh and Petro Iraq aim to achieve initial production of 100 mcf/d (1 bcm/year) at the Al-Mansuriya field within 18 months of the finalising the agreement. Peak production at the field, which will reach 300 mcf/d (3.1 bcm/year), is expected within 4 to 5 years of the agreement.
The Al-Mansuriya gas field was originally granted in Iraq's third licensing round (2010) to TPAO (37.5%), Oil Exploration Company (25%), Kuwait Energy (KEC) (22.5%), and Kogas (15%). That contract was reported to have been cancelled in 2020 and a new agreement was signed with China’s Sinopec in 2022, but did not go through.