CNPC’s Iraq project up and running

June 18th, 2012 | Global Times

State-owned China National Petroleum Corp (CNPC) said Monday that the first phase of Iraq’s Halfaya oil field had started operating, with an initial output of 70,000 barrels per day.

Halfaya is CNPC’s largest overseas project as an operator.

CNPC also said on its website that it has started preliminary work on the second phase of the Halfaya project, which will bring capacity to 200,000 barrels per day.

Last year, CNPC completed construction on the first phase of the Al-Ahdab oil field in Iraq.

China’s crude oil imports from Iraq rose 17 percent year-on-year to 5.95 million tons in the first four months of this year.

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Category: China Oil Monitor, Middle East