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Iraq to sign oilfield deal with CNOOC, TPAO

Baghdad, May 13, 2010

Iraq plans to sign a final deal with China's CNOOC and state-run Turkish Petroleum Corporation (TPAO) to develop the 2.5-bilion-barrel Maysan oilfield complex on Monday, a senior oil official said.

China's Sinochem is no longer a part of the deal, Abdul-Mahdy al-Ameedi, director of the Oil Ministry's licensing and contracting office, told Reuters on Thursday, without giving a reason.

CNOOC and TPAO set a plateau target for the oilfields at 450,000 barrels per day, he said. – Reuters




Tags: Iraq | Baghdad | oilfield | CNOOC | TPAO | Maysan |

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