Iraq has finalized contract terms with China’s Sinopec for the development of the Mansuriya gas field, although the deal will not be signed before a new government is formed.
If the project moves forward, Sinopec will target production of 300 million standard cubic feet per day (sfc/d). That supply would help both Iraq’s electricity grid and the government budget — feeding nearby power plants that currently depend on unreliable and expensive imports from Iran.