Geo-Jade Petroleum signed the "Framework Agreement for Crude Oil Underwriting of the Iraq Project" with related parties
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Geo-Jade Petroleum has signed the "Iraq Project Crude Oil Underwriting Framework Agreement" with the Iraqi government and various national oil companies. The agreement involves investing in upstream oil and gas blocks and supporting infrastructure construction in Iraq. Geo-Jade Petroleum will gradually extract different grades of Basra crude oil and entrust GRL Company as the exclusive seller of the project’s crude oil. This move aims to optimize pricing, ensure timely payments, and reduce risks related to price fluctuations and payment timelines
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