国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

China to resume development of Iraqi oil field

(Xinhua)
Updated: 2006-10-31 14:36

China National Petroleum Corporation (CNPC), China's largest oil producer, is preparing to resume exploration of the Ahdab oil field in Iraq.

According to the Shanghai Securities News, representatives from both the Chinese and Iraqi governments will begin discussions on the development of the oil field next month.

The Ahdab oil field has an estimated reserve of one billion barrels. The CNPC first signed up to explore it in 1997, during Saddam Hussein's regime.

During his visit to China last week, Iraqi Oil Minister Hussein Shahristani said Iraq welcomed Chinese oil companies to participate in the reconstruction of the Iraqi oil industry.

However, Shahristani said all deals reached under former President Saddam Hussein must be renegotiated within the framework of the new oil and gas laws that are currently being discussed in Iraq. According to the minister, the law is expected to be passed before the end of this year.

"The ongoing process is exciting," said an insider with the CNPC. "The CNPC is confident of regaining the development rights of the Ahdab oil field despite needing to renegotiate the contract terms."

"It will be commercially efficient for the CNPC as the oil field is near to oil pipelines and oil refineries," he added. The estimated exploitation fee is 700 million U.S. dollars.

According to Hussein Shahristani, the country's daily oil production has reached 2.5 million barrels, returning to the same level prior to the collapse of Saddam's regime in 2003. Its targets are 4.5 million barrels in 2010 and 6 million barrels from2012 to 2030.

"We intend to invite bids from foreign companies for the first batch of oil fields soon in order to reach our targets," he said.

During his visit, Shahristani also met representatives from other major Chinese oil companies including China Petrochemical Corporation, China National Offshore Oil Corporation and Sinochem Corporation.

China is willing to resume and promote oil cooperation with Iraq, said Chinese Foreign Ministry spokesman Qin Gang last month.

Qin said current Sino-Iraqi cooperation only involved oil trade and personnel training due to the U.S.-led war in Iraq which broke out in March 2003.




Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
沙坪坝区| 泽库县| 淳安县| 镇江市| 壶关县| 叶城县| 南岸区| 望江县| 津南区| 江达县| 贵溪市| 彰化市| 封丘县| 安泽县| 金阳县| 龙泉市| 汉阴县| 泰宁县| 旬邑县| 泰顺县| 正安县| 凌源市| 琼海市| 太原市| 巨野县| 彰化县| 桦南县| 武鸣县| 南开区| 上杭县| 佛冈县| 玛纳斯县| 寿光市| 和政县| 青阳县| 永善县| 静海县| 五大连池市| 延庆县| 淳安县| 全南县|