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ZhenHua expands China’s role in Iraq’s oil sector

2018/03/14 | 00:30

(Iraq Now News)- BAGHDAD - The China ZhenHua Oil Company, a subsidiary of state-owned arms manufacturer Norinco, is poised to make two new investments in Iraq’s oil sector.

The company is forming a new oil trading joint venture with the State Oil Marketing Organization (SOMO) and is negotiating the upstream development of the East Baghdad oil field.

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