The regional authorities are responsible for issuing permits to allow the oilfield's development.

ECONOMIST: Oil in Italy

The Iraqi oilfield for which China obtained development rights in 1997, as well as other oilfields that China is interested in obtaining, cannot begin production until the sanctions are lifted.

FORBES: Did the U.S. Invade Iraq to Contain China?

The enthusiasm for energy stocks spilled over into a niche oilfield services company: Amsterdam-based Core Laboratories NV, which provides drillers with production development and reservoir management products and services.

FORBES: Magazine Article