Economics
Iraq signs deal with Angola's Sonangol to dig 10 oil wells
Iraq's oil ministry has signed a contract with Angolan state-owned oil company Sonangol that will see it drill 10 wells in the Qayara oilfield near Mosul in northern Iraq, the ministry said. The Qayara oilfield is currently producing 30,000 bpd and output is expected to reach 60,000 bpd by next March, Sonangol general manager Ramesh Valory said. Sonangol plans to drill more wells over the next two years, bringing the total of wells to 100, he added.
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