男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Industries

China to become major consumer of Iraqi oil

By Du Juan (China Daily) Updated: 2013-01-24 07:19

Oil giant wants to buy 60% of Exxon Mobil stake for $50b, reports say

The energy giant China National Petroleum Corp is looking to expand its business in Iraq.

US oil company Exxon Mobil Corp wants to sell stakes in the West Qurna phase 1 oilfield in Iraq, and CNPC unit PetroChina, China's largest energy producer, is interested in buying 60 percent for $50 billion, according to Reuters.

An official who declined to be named at CNPC said he has not been informed of the deal, while Exxon Mobil declined to comment on Wednesday.

China to become major consumer of Iraqi oil 

A worker adjusts a control valve at an oil refinery in Baghdad, Iraq. China will become a major consumer of Iraq's oil and will continue to invest substantially in Iraqi oil production infrastructure, according to the International Energy Agency. [Photo/Agencies]

However, another industry insider who works at an organization under CNPC told China Daily the company has shown great interest in buying stakes in the West Qurna phase 1 since last year. "It's just too sensitive to release anything now," he said.

The insider said that since CNPC signed a service agreement with Iraq's Ministry of Petroleum on the development of the Al-Ahdab oilfield in November 2008, the company has accumulated rich experience in Iraq.

As one of the biggest oilfields in Iraq, West Qurna phase 1 has reserves of about 10 billion to 15 billion barrels, with a highest daily output of 1 million barrels.

CNPC has three oil projects in Iraq - the Al-Ahdab, Rumaila and Halfya oilfields, with an overall daily output of about 1.6 million barrels, accounting for about half of Iraq's total daily output.

Iraq's oil output will exceed 6 million barrels a day in 2020 and rise to more than 8 million barrels a day in 2035, according to a report from the International Energy Agency in November.

It said China will become a major consumer of Iraq's oil, and will continue to invest substantially in Iraqi oil production infrastructure.

Half of Iraq's oil production will eventually go to China, Fatih Birol, the agency's chief economist, estimated.

However, a Chinese expert said investing in Iraq's oil industry still carries high risks due to the current political situation there.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 瓮安县| 赣州市| 盖州市| 德昌县| 景德镇市| 苍山县| 台北县| 沐川县| 麦盖提县| 安新县| 饶阳县| 渭南市| 吴旗县| 岐山县| 新宾| 乐亭县| 浙江省| 敖汉旗| 巨鹿县| 曲麻莱县| 清徐县| 乐亭县| 武定县| 天柱县| 咸丰县| 茂名市| 枣庄市| 界首市| 大石桥市| 南涧| 托克逊县| 泸定县| 高淳县| 根河市| 清丰县| 潜江市| 青浦区| 图片| 武城县| 晋宁县| 和龙市|