The China Petroleum & Chemical Corp. (Sinopec) last week signed a 25-year deal with Iraq’s Ministry of Oil that gives it a 49 per cent stake in the Mansuriya non-associated natural gas site. The contract, which may be extended for an additional five years, follows Sinopec’s signing of a long-term purchase and sales agreement with Qatar Petroleum’s for 2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) for a term of 10 years. It also comes shortly after the official announcement of the multi-faceted 25-year deal…
