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A Chinese company wins a contract for an oil field in Iraq

Category: Economy

Date: 2020-03-23T10:48:56+0000
A Chinese company wins a contract for an oil field in Iraq

Shafaq News / The Chinese Petroleum Engineering and Construction Company "CPCEC" won an engineering contract worth $ 203.5 million to process high-sulfur gas in Majnoon oil field in Iraq.

The project, which is scheduled to be completed within 29 months, aims to build a facility to process high-sulfur gas with a daily capacity of 4.39 million cubic meters, according to a statement issued on Monday, by the National Petroleum Corporation of China, which is the parent company of "CPECC".

Majnoon oil field, which is occupied by the Iraqi state oil company in Basra, is currently producing about 240 thousand barrels per day, and the company intends to increase production to 450 thousand barrels per day in 2021.

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