China's CPECC wins $121mln West Qurna-1 contract from Iraq

The project is due to be completed within 27 months

  
Image used for illustrative purpose. Workers adjust the valves of oil pipes at West Qurna oilfield in Iraq's southern province of Basra . Picture taken November 28, 2010.

Image used for illustrative purpose. Workers adjust the valves of oil pipes at West Qurna oilfield in Iraq's southern province of Basra . Picture taken November 28, 2010.

REUTERS/Atef Hassan

BEIJING  -

* China Petroleum Engineering & Construction Corp (CPECC) has won a $121 million engineering contract to upgrade the facilities that are used to extract gas during crude oil production at West Qurna-1 oilfield in Iraq

* The project, due to be completed within 27 months, aims to boost crude oil production capacity at the oilfield, according to a statement issued by China National Petroleum Corp (CNPC), parent company of CPECC, on Tuesday

* Iraq's West Qurna-1 oilfield, developed by Exxon Mobil, produces 480,000 barrels of crude oil per day

(Reporting by Muyu Xu and Shivani Singh; Editing by Tom Hogue) ((muyu.xu@thomsonreuters.com; +86 10 56692117;))


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