Chinese state companies are currently helping in the
production of some 1.610 million barrels a day in Iraq, more than half that
country's total output, the vice president of China National Petroleum Corp.
said Wednesday.
Wang Donglin said CNPC, along
with U.K. major BP PLC , is producing 1.35 million barrels a day
from Iraq's
largest oil field, Rumaila.
Chinese companies are also producing 120,000 barrels a day from the
newly developed Halfayia oil field and some 140,000 barrels a day from Ahdab.
Chinese companies won four large oil projects in Iraq at the country's post war
licensing auctions held in 2009. They are being paid in oil, tied to production
levels.
Iraq is currently producing some 3 million barrels a day and exporting around
2.4 million barrels a day.