Iraq CNPC oilfield deal
* Source: Global Times
* [00:52 January 28 2010]
Iraq's Oil Ministry Wednesday signed a final contract for the three way development of the Halfaya oilfield with China National Petroleum Company (CNPC), Total of France and Malaysian state firm Petronas.
The Halfaya oilfield, in southern Iraq, has estimated reserves of 4.1 billion barrels of oil.
CNPC is the majority partner in the venture.
The time limit of the contract is 20 years, with CNPC holding 37.5 percent of the oil-field's equity.
Agencies – Global Times
* Source: Global Times
* [00:52 January 28 2010]
Iraq's Oil Ministry Wednesday signed a final contract for the three way development of the Halfaya oilfield with China National Petroleum Company (CNPC), Total of France and Malaysian state firm Petronas.
The Halfaya oilfield, in southern Iraq, has estimated reserves of 4.1 billion barrels of oil.
CNPC is the majority partner in the venture.
The time limit of the contract is 20 years, with CNPC holding 37.5 percent of the oil-field's equity.
Agencies – Global Times