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China's CNPC invested $3.3 bln in Iraqi projects
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Topic: China's CNPC invested $3.3 bln in Iraqi projects (Read 289 times)
Letsbereal
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China's CNPC invested $3.3 bln in Iraqi projects
«
on:
July 19, 2012, 01:14:28 PM »
China's CNPC invested $3.3 bln in Iraqi projects
19 July 2012
, by Hassan Hafidh - Halfaya, Iraq (MarketWatch)
http://www.marketwatch.com/story/chinas-cnpc-invested-33-bln-in-iraqi-projects-2012-07-19
China National Petroleum Corp. or CNPC, the largest Chinese oil producing company, has so far invested
$3.3 billion
in developing oil projects in Iraq, the firm's vice president said Wednesday
.
CNPC and its subsidiary PetroChina Co Ltd. are developing three large oil fields, CNPC Vice President Wang Dongjing said during the start of output at an Iraqi oil field developed by the company.
CNPC is developing along with BP PLC Iraq's largest oil field, Rumaila, in the southern Basra province where production is currently hitting 1.35 million barrels a day.
CNPC is also developing Ahdab oil field in Wasit governorate in central Iraq. The field has recently started pumping 140,000 barrels a day.
Wednesday, the company commenced production for the first time of 100,000 barrels a day at Halfaya oil field in Missan province in southern Iraq.
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