Italian Company extends its contract in Iraq

(IraqiNews.com) The Italian Company Eni announced concluding an agreement with Iraqi officials to amend its technical service contract related to Zubair Oil field in Basra province.The Italian Company reported in statement received by IraqiNews.com ”The amendment stipulates to set a new goal for production reaches (850,000) Oil barrels daily and to extend the contract for five more years till 2035.”The Italian company Eni won the license contract of Zubair Oil field in 2010 and the contract identified the production of (1,2) million Oil barrels daily. \END\