Tag Archives | CNPC

The latest news on CNPOC (China National Petroleum Corporation)and Iraq – Oil, Petroleum, Gas and more – brought to you by Iraq Business News

Ahdab Oilfield Hits 140,000 Barrels Per Day

By John Lee. Aswat al-Iraq reports that crude oil production at the al-Ahdab oil field has reached 140,000 barrels per day. According to an official statement from Wassit province, the field has 170 operational wells. The field, in central Iraq, is being developed by Chinese firm CNPC. (Source: Aswat al-Iraq)

Maysan Province Seeks to Control Local Oil Fields

By John Lee. A member of the Energy Committee in Maysan Provincial Council has called on the Ministry of Oil to grant the province the right to take part in running the oil sector in the province, according to a report from AIN. Ammar Nasrallah told the news agency: "We call to apply the constitutional […]

Iraq Warns Total over KRG Oil Deal

By John Lee. Iraqi authorities have warned France's Total that it must freeze its energy deal with Iraqi Kurdistan or sell its stake in the Halfaya oilfield, reports Reuters. Faisal Abdullah, a spokesman for Deputy Prime Minister for Energy Hussain al-Shahristani, said: "Iraq has officially asked Total to freeze or cancel its contract with the […]

CNPC to Replace Statoil at West Qurna-2?

By John Lee. The China National Petroleum Corporation (CNPC) is reported to be in talks with Russia's OAO Lukoil about joining the company’s West Qurna-2 project in Iraq. Lukoil is seeking a partner for a 30 percent stake in the project following the exit of Norway's Statoil’s, Nefte Compass said, citing Andrei Kuzyaev (pictured), head […]

Oil Production at Starts at Halfaya

By John Lee. PetroChina and its partners Total and Petronas said on Wednesday that oil production has started at the Halfaya oil field in southern Iraq. Iraqi Oil Minister Abdul-Karim Elaibi [Luaibi] said the field will produce 100,000 barrels a day and reach 535,000 bpd in 2016. The consortium will be paid $1.40 for each […]

Iraq’s Crude Production Hits 20-Year High

Bloomberg reports that Iraq’s crude output rose to its highest level in 20 years, as CNPC's Halfaya oilfield ramped up production. Abdel Ilah Qassem al-Amir, a spokesman for Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, told Bloomberg on Tuesday that output exceeded 3.07 million bpd. The Director General of the Missan Oil Company said […]

Cameron Awarded $100m Contract at Rumaila

Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries, has been awarded a supply contract valued at about $100 million by the Rumaila Operating Organization (ROO) in Iraq. The ROO is a joint venture between the state owned South Oil Company (SOC), BP and the China […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

China to Drill 30 New Wells at Halfaya by End-2012

The head of the state-run Missan Oil Company, Ali Maarij, has said that the China Petroleum Engineering & Construction Corporation (CPECC), the engineering and construction subsidiary of the China National Petroleum Company (CNPC), has drilled 13 new wells at the Halfaya oil field, and plans to drill 17 more by the end of the year, […]

Honeywell Has $360m Worth of Contracts in Iraq

Honeywell has said it currently has $360m worth of contracts in Iraq, Dow Jones has reported. The US-based engineering firm has a contract with China National Petroleum Corporation (CNPC) to develop process control systems and fire and gas detection systems at the Ahdab oil field, Tarek Nahl, the company's Middle East sales manager, told the […]

Missan Oil Company to Increase Output by 20%

The Missan Oil Company expects to increase output by 20 percent to 120,000 barrels a day by the end of this year The company’s Director General Ali Muarej told Boomberg that ten wells will be made operational at the Halfaya field south of Baghdad in the next two months to raise production. Total, China National […]

Halfaya Output to Rise in 2012

Output at Iraq’s Halfaya oilfield will rise to 70,000 barrels a day in 2012 with the drilling of 48 wells, As Sabah newspaper said on Tuesday. Bloomberg reports that two projects valued at a total of $187 million will be built next year at the oilfield. The projects include a crude oil processing facility with […]