News summary
China-Manchu Petroleum successfully won the development rights of two oil and gas blocks in Iraqseagames2022livemalaysiaThe total area of EBN and MF blocks exceeds 1300 square kilometers, bringing new growth potential to the company.
Newsletter text
[China-Manchu Petroleum (603619) won the first prize in the bidding for oil and gas blocks in Iraq] On May 12, China-Manchu Petroleum successfully stood out in the fifth and sixth rounds of oil and gas block bidding by the Ministry of Oil of Iraq and won the development rights of the Iraq EastBaghdad Field Northern Extension (EBN) block and the MiddleEuphrates (MF) block.
The EBN block won by China-Man Petroleum this time is located in Baghdad and Salahuddin Provinces in central Iraq, with a total area of 231 square miles. The MF block is located in Najaf and Karbala provinces, with an area of up toseagames2022livemalaysia1073 square miles.