China’s CNPC and its partners in Waha Co have started work on Al Ahdab oilfield near the town of Kut with the wrong foot. Lorrying their seismic survey rigs through farmers’ lands, destroying their wheat crop at a time when Iraq is importing wheat and when the agricultural sector is struggling for survival, is hardly a well-thought act. Destitute farmers have only their crops as a source of living. No…
Tag: CNPC
Iraq: More Momentum
26 September 2008 Judging by the way preparations are going at the oil ministry in Baghdad, Iraq’s second postwar bid round promises to be even more controversial than the first. When launched in late June with six producing oil fields and two gas fields, the first offering was slammed by some as selling off the country’s crown jewels. According to plans now being drawn up, Iraqi Oil Minister Hussein al-Shahristani…
CNPC Lands Service Contract for Iraq’s Al-Ahdab Oil Field
12 November 2008 State China National Petroleum Corp. (CNPC) is set to start work immediately on its 20-year service contract to develop Al-Ahdab oil field in central Iraq following a formal signing Monday in Baghdad, making it the first company to break ground in Iraq’s oil sector since the 2003 US-led war there. The deal was signed by CNPC head Jiang Jiemin and the director general of State Oil Marketing…
China, Iraq Offer Concessions to Seal Oil Deal
29 August 2008 China National Petroleum Corp.’s (CNPC) new 20-year service contract to develop Iraq’s Al-Ahdab oil field — the first oil deal signed since Saddam Hussein’s overthrow in 2003 — preserves some of the choicer elements of its 1997 production sharing agreement (PSA). But both sides offered concessions in a bid to bring the negotiations launched last year to a conclusion, Iraqi sources involved in the talks told International…