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Pumping begins at al-Ahdab oil field
24/07/2011 11:29
Erbil, July 24 (AKnews) – China’s largest oil company began pumping crude from al-Ahdab, the first major new oil field in Iraq for 20 years, to export terminals in the south yesterday.
Governor of Wasit, and responsible in the Ahdab oil field
Officials said output is currently flowing at 40,000 barrels per day (bpd) and will rise to 60,000 bpd within a few days, with an eventual projected flow of 160,000 bpd. Exports of the oil will begin on August 1.
China National Petroleum Corp. signed a deal with the Iraqi government in 2008 to exploit the Basra field’s substantial resources of more than one billion barrels for 23 years.
China is increasing its financial foothold in Iraq with a focus on the energy and natural resource fields. Iraqi Prime Minister Nouri al-Maliki visited Beijing last week in a move aimed at securing greater investment from the Asian giant. [You must be registered and logged in to see this link.]
By Patrick Smith
24/07/2011 11:29
Erbil, July 24 (AKnews) – China’s largest oil company began pumping crude from al-Ahdab, the first major new oil field in Iraq for 20 years, to export terminals in the south yesterday.
Governor of Wasit, and responsible in the Ahdab oil field
Officials said output is currently flowing at 40,000 barrels per day (bpd) and will rise to 60,000 bpd within a few days, with an eventual projected flow of 160,000 bpd. Exports of the oil will begin on August 1.
China National Petroleum Corp. signed a deal with the Iraqi government in 2008 to exploit the Basra field’s substantial resources of more than one billion barrels for 23 years.
China is increasing its financial foothold in Iraq with a focus on the energy and natural resource fields. Iraqi Prime Minister Nouri al-Maliki visited Beijing last week in a move aimed at securing greater investment from the Asian giant. [You must be registered and logged in to see this link.]
By Patrick Smith
