Petrel Resources Raises £250,000 for Iraq Oil Projects
Iraq Business News: Oil & Gas
MARCH 7, 2025
According to a statement from the company, the funds will provide additional working capital, supporting Petrel's efforts to secure new oil and gas projects in Iraq and beyond. Petrel has recently submitted an application to assume an existing contract east of Baghdad 4 th Bid round award in 2012, at a remuneration per barrel of $5.38.
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