Eni (E) is considering opening its business in Iraq to investment by Chinese oil company CNPC...

|By:, SA News Editor

Eni (E) is considering opening its business in Iraq to investment by Chinese oil company CNPC after offering it a stake in its bumper Mozambique gas field earlier this month, Reuters reports. Eni, Occidental Petroleum (OXY) and South Korea's Kogas signed a 20-year deal with Iraq in 2010 to develop the Zubair oilfield, where production is ~270K bbl/day.