Jul 19 2012
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China's CNPC Invested $3.3 Billion in Iraqi Oil Projects-CNPC Vice President
Thursday, Jul 19, 2012
(This story was originally published Wednesday.)
By Hassan Hafidh
HALFAYA, Iraq--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 also developing Ahdab oil field in Wasit governorate in central Iraq. The field has recently started pumping 140,000 barrels a day.
Write to Hassan Hafidh at Hassan.Hafidh@DowJones.com
(END) Dow Jones Newswires
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