Middle East region
Project Background
Iraq ranks as the fourth largest oil-producing nation globally and the second among OPEC members.
The petroleum industry is a pillar of the Iraqi economy, constituting ~60% of the country's GDP, ~90% of its fiscal revenues, and ~96% of its foreign exchange earnings.
In 2023, Iraq stands as China's third-largest source of crude oil imports, while China remains the largest purchaser of Iraqi crude oil.

Iraq
Geo-Jade successfully won the operatorships for the Huwaiza and Naft Khana oil & gas blocks in the Iraqi 5th licensing round.
In the Iraqi 5th+/6th licensing round, Geo-Jade has been awarded the operatorships for two additional blocks.
In the Iraqi 5th+/6th licensing round, Geo-Jade has been awarded the operatorships for two additional blocks.