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China's CNPC wins Iraq's Halfaya oil deal
- Iraq: Saturday, December 12 - 2009 at 10:23
Iraq's oil minister, Hussain al-Shahristani has announced a consortium led by China's CNPC has won a deal in the country's second bidding round to develop the giant Halfaya oilfield, Reuters has reported. CNPC has a 50% stake in the consortium, while Total of France and Malaysia's Petronas hold 25% each. The Halfaya oilfield has estimated reserves of 4.1 billion barrels of oil.
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Medilyn Manibo, Assistant News EditorSaturday, December 12 - 2009 at 10:23 UAE local time (GMT+4)
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