Irish petroleum explorer Petrel Resources is set to sign its second significant agreement this weekend with Iraqi oil officials to help to identify new oil resources in the war-torn country.
According to market sources, officials from the Ministry of Oil in Baghdad plan to meet today in Dubai with Petrel and three other oil companies - Norway's Statoil, Dubai-based Crescent Oil and Gas, and Pertamina, Indonesia's state-owned oil giant.
Petrel is understood to have won...
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