ST Intercontinental AnnouncementwinningatrouletteOn May 11-12, 2024, the company participated in the fifth (+) and sixth rounds of oil and gas block tenders of the Ministry of Oil of Iraq. The company successfully won the bid and obtained the exploration rights of the Zurbatiya block and the JabelSanam block in Iraq. The Zurbatiya block is located in Baghdad and Wasit Governorates in central Iraq, with an area of 519.winningatroulette.06 square kilometers, which is relatively close to the company's existing NaftKhana block. The JabelSanam block is located in Muthanna Governorate in southern Iraq, with an area of 235 square kilometers. The company has not yet signed a formal contract with the Ministry of Oil of Iraq. The oilfield development plan for the winning block needs to be clarified after consultation with the Ministry of Oil of Iraq. The specific investment amount of the block cannot be determined yet.
