巴格达第三届国际油气展举行

Core Insights - The third International Conference and Exhibition on Iraq's Oil Projects and Licensing Bidding was held in Baghdad from September 8 to 11, focusing on the theme "From the Depths of the Earth to the Future" [1] Industry Overview - Iraq ranks fifth in the world for proven oil reserves and twelfth for natural gas reserves, with the oil and gas industry accounting for approximately 60% of the country's GDP, 90% of fiscal revenue, and 96% of foreign exchange income [1] - The Iraqi Ministry of Oil is committed to achieving energy self-sufficiency and aims to invite more international companies to participate in Iraq's oil and gas development industry chain [1] Company Involvement - The exhibition featured a majority of Chinese enterprises involved in various sectors such as exploration, drilling, oilfield development, project management, natural gas, and renewable energy [1] - China National Offshore Oil Corporation (CNOOC) expressed intentions to promote advanced technologies and practices in Iraq while taking on greater social responsibilities to enhance local living standards [1] - The President of the Iraq-China Friendship Association highlighted the critical role of Chinese companies in supporting Iraq's energy development, indicating mutual benefits from this cooperation [1]