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Iraq signs 25-year deal to develop Ajil oilfield
BAGHDAD: Iraq’s North Oil Company signed a 25-year contract with private Iraqi project developer KEPPT to develop and operate the Ajil oilfield, the prime minister’s office said on Saturday. The agreement aims to raise the field’s gas output gradually to 300 million standard cubic feet per day from about 135 million and increase oil production to 40,000 barrels per day from 30,000, the office added in a statement.
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