Iraq reaches initial deal with China’s Zhenhua to develop East Baghdad oilfield
raq is seeking the help of Zhenhua Oil to increase production from East Baghdad oilfield to 40,000 barrels
Baghdad - Egypt Today
Iraq reached an initial deal with China’s state-run Zhenhua Oil to develop the southern portion of the East Baghdad oil field, the oil ministry spokesman said on Sunday.
Iraq is seeking the help of Zhenhua Oil to increase production from East Baghdad oilfield to 40,000 barrels per day within five years as of the start of the development operations, Asim Jihad said in a statement.
Last week, Zhenhua Oil took a 13.6 percent stake in Singapore-listed Interra Resources Ltd. through a private placement worth around $3.47 million in a move that boosts its upstream investments in Southeast Asia.
The move comes amid the strategic expansion of Chinese companies in overseas energy markets and adds to China Zhenhua Oil’s existing fields in Iraq, Egypt, Kazakhstan and Pakistan.
Source:Arabnews
- Thursday ,02 March GMT 02:13 2017 Egypt to receive first shipment from Iraqi oil deal in March: Ambassador
GMT 15:18 2017 Sunday ,24 December
Iraq plans new Kirkuk-Ceyhan oil pipelineGMT 01:13 2017 Monday ,20 March
Iraq plans to boost crude output and exports this yearGMT 02:13 2017 Thursday ,02 March
Egypt to receive first shipment from Iraqi oil deal in March: AmbassadorGMT 00:21 2017 Wednesday ,11 January
Iran to start gas exports to Iraq once payments madeGMT 05:34 2017 Friday ,06 January
OPEC daily basket price announced for Tuesday, January 3rd, 2017Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 06:54 2015 Sunday ,24 May
Daesh enters Palmyra museum
GMT 11:55 2018 Thursday ,11 January
In rural Senegal, seeds of hope
GMT 12:34 2015 Thursday ,05 February
India comedy pulled from YouTube amid free speech fears
GMT 19:25 2015 Wednesday ,20 May
I only promote reading
GMT 08:30 2017 Saturday ,25 November
Brexit-charged inflation bites into Christmas shopping
GMT 14:08 2018 Friday ,09 November
Turkish court hands down prison sentences for SANA correspondent in Turkey
GMT 18:49 2016 Wednesday ,31 August
Strong Earthquake Strikes Off Papua New Guinea
GMT 21:45 2015 Wednesday ,14 January
Islam has its full place in FranceGMT 10:24 2012 Friday ,10 August
Hillary Clinton hits the dance floor
GMT 20:58 2015 Wednesday ,21 October
Dubai Design Week to showcase regional talentGMT 17:09 2012 Sunday ,10 June
Lady Warsi\'s expenses to be investigated
GMT 04:55 2015 Thursday ,23 April
Islam affected by extremist's ideologiesGMT 15:14 2011 Friday ,21 October
Bahrain to face Saudi Arabia in \"Bahrain 11\" football finalGMT 07:36 2012 Monday ,02 April
Lily Collins stunning in Zac Posen
GMT 10:37 2016 Sunday ,14 February
Palestinians plan satellite TV sports channelGMT 18:56 2013 Monday ,06 May
Pakistan prisoner Sanaullah\'s condition remains criticalGMT 03:32 2013 Friday ,29 March
Women as active as men as adults
GMT 08:57 2017 Saturday ,18 February
9th Affordable Art Fair held in Brussels
GMT 15:32 2018 Sunday ,21 January
Million-euro bill for firm behind Paris bike-share chaos
GMT 08:16 2017 Thursday ,03 August
Menna is happy for joining “Dream”
GMT 09:53 2017 Thursday ,16 November
PDVSA, Venezuela's oil gem far from its golden age
GMT 08:45 2018 Tuesday ,16 January
2 Morocco female porters die in border stampedeGMT 12:47 2011 Tuesday ,15 November
Bahrain set to host 3rd GCC youth thought forum
GMT 19:40 2017 Sunday ,12 February
Sleep trackers monitor humans' health condition
GMT 12:18 2013 Saturday ,13 July
Egypt\'s Negm to Arab Today: I breathe freedom in Jordan
GMT 12:43 2014 Thursday ,12 June
We could definitely make flying carGMT 17:06 2013 Tuesday ,22 January
Aghbarieh: Israel guilty of Aqsa incitement campaign
GMT 14:16 2016 Wednesday ,21 September
SBWC at the Clinton Global Initiative
GMT 10:35 2017 Monday ,18 December
In Kashmir, Pakistan and India race to tap the Himalayas
GMT 09:22 2017 Wednesday ,18 October
Iraq forces take oil fields, dashing Kurdish dreams
GMT 17:43 2016 Sunday ,10 April
2 statues unearthed in Aswan
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor