Zhongman Petroleum: Signs Contract for Development and Production of Oil and Gas Block in Iraq

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On October 28th, Jinshi Data reported that Zhongman Middle East Oil & Gas DMCC and Zhongman Babylon Oil & Gas DMCC, both wholly-owned subsidiaries, signed development and production contracts for the EBN Block and MF Block with Midland Oil Company of Iraq on October 27th. After preliminary evaluation, the estimated 3P petroleum geological reserves of the EBN Block are approximately 464 million tons, and the dissolved gas is approximately 85.4 billion cubic meters. The estimated original petroleum geological resources of the MF Block closure are approximately 1.258 billion tons, and the dissolved gas is approximately 50.8 billion cubic meters.

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