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| 23 February, 2018

CNPC set to boost oil productions in Middle East

In January, CNPC's Middle East operations were pumping at a total daily rate of 4.07mln barrels

Image used for illustrative purpose 
Site of an oil field is seen at sunset in Karamay, Xinjiang Uighur Autonomous Region, China, May 7, 2017.

Image used for illustrative purpose Site of an oil field is seen at sunset in Karamay, Xinjiang Uighur Autonomous Region, China, May 7, 2017.

REUTERS

BEIJING: CNPC, China's top state energy company, aims to boost its annual crude oil production in the Middle East region by 10.8 million tonnes from its key operations in Abu Dhabi, Iraq and Iran, the company said on Friday.

 In January, CNPC's Middle East operations were pumping at a total daily rate of 4.07 million barrels, CNPC said, without giving further details.

CNPC is set to start production at phase three of Halfaya project in Iraq in the third quarter of 2018, CNPC said, without giving a target production number.

CNPC completed repair works at Iran's Masjed-i-Suleiman (MIS) oil project and is set to start commercial production at the aging oilfield, CNPC said, without giving further details.

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Once all start commercial production, the three projects will add annual output capacity by 10.8 million tonnes a year, or about 216,000 barrels per day.

In early last year, CNPC secured 8 percent in the giant onshore concession in Abu Dhabi operated by Abu Dhabi Company for Onshore Petroleum Operations (ADCO).

(Reporting by Chen Aizhu; Editing by Subhranshu Sahu) ((aizhu.chen@thomsonreuters.com; +8610 66271211; Reuters Messaging: aizhu.chen.reuters.com@reuters.net))