China Petroleum Engineering & Construction Corporation (CPECC) has won a $547.95 million service contract to develop Iraq's Halfaya oilfield, Iraq's cabinet said on Wednesday.
CPECC, which is affiliated to China Nation
Iraq, China's CNPC and its partners have invited oil service companies to bid for the rehabilitation of 10 oil wells in the 4.1 billion-barrel Halfaya oilfield.
A statement posted on the state-run Maysan Oil Company's website invited bidde
Total is consdering a bigger stake in the Halfaya oilfield, in a bid to increase its presence in Iraq, its chief executive said on Thursday.
China National Petroleum Company (CNPC) is the majority partner in the oilfield and Total owns an
PetroChina will start work to develop the giant Iraqi oilfield Halfaya in the second half of this year after the newly awarded contract has taken effect, chairman Jiang Jiemin said on Friday.
"Halfaya contract has already taken effect. Our