China's CNPC explores oilfields in Iraq |
|
Network this!
TOKYO, Jan 6 (KUNA) -- State-run China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, has won the regulatory approval from the Iraqi government to explore oilfields in the Middle East country, Chinese media reported Tuesday.
CNPC, the first foreign company to deal with oilfield businesses in Iraq in the past 30 years, reportedly started to work on the Al-Ahdab oilfield project in Wasit, Iraq's eastern province, according to China Knowledge news service.
Under the terms of the USD 2.9 billion deal signed between the Iraqi government and CNPC in November 2008, the Chinese company is to help run the old oil project and gets paid for the services, rather than sharing the output with Iraqi state-owned firms.
Upon the completion of the project, the Al-Ahdab oilfield, which covers an area of 200 square kilometers, is expected to produce 25,000 barrels of crude oil per day (bpd) within three years and 115,000 bpd within six years, it said.
As early as 1997, China had received the right of oilfield exportation in Iraq but the contract can not come into effect due to the ongoing war, the report quoted Latiff Hamed Al-Tarfa, governor of Wasit, as saying.
© Copyright Kuwait News Agency 2009.
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Oil and Gas Tenders | Due Date |
Stories
Companies
| Company Name | Country | Industry |
| Qatari Diar Real Estate Investment Company | Qatar | Landlords and Developers |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Investment Corporation of Dubai | UAE | Investment Firms and Funds |
| Presidential Flight | UAE | Transportation Services |
| Emirates Airline | UAE | Transportation Services |
| Almarai Company | Saudi Arabia | Food |
| Alokozay Group of Companies | UAE | Multi-line |
Projects
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| ADNOC/ConocoPhillips - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2) | Saudi Arabia | Oil and Gas |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Takreer - Ruwais Refinery Expansion - Offsites and Utilities Package | UAE | Oil and Gas |