Al-Zaidi Sponsors Signing of Contract to Develop and Operate Ajeel Oil Field

mesoiraq - Prime Minister Ali Falih Al-Zaidi sponsored on Saturday (September 12, 2026) the signing ceremony of the contract to develop and operate the Ajeel oil field between the North Oil Company and KAR Group, as part of the Ministry of Oil's efforts to maximize the exploitation of the country's hydrocarbon resources.

The contract, which extends for a period of 25 years, aims to gradually raise production rates in the field, thereby enhancing oil and gas production and supporting Iraq's electricity generation system.

Under the contract, gas production is set to increase from approximately 135 million standard cubic feet per day to 300 million standard cubic feet per day, while oil production will rise from 30,000 barrels per day to 40,000 barrels per day.

The development of the field comes within the framework of the government's endeavor to make optimal use of oil and gas resources and enhance energy security in the country.