皇冠体育app

BEIJING - 皇冠体育app National Petroleum Corp (CNPC), 皇冠体育app's top oil producer, said Monday operations have begun at the first phase of its Halfaya oil field project in Iraq, with an initial annual capacity of 5 million tons.

The company said the Halfaya oil field project is its largest overseas investment unit for which it also acts as the operator. It said the completion of the first phase of the project marked a milestone in its cooperative business in the Middle East.

Meanwhile, it has also started preliminary work on the construction of the second phase, which is set for an annual capacity of 10 million tons.

Located in the southeastern part of Iraq, the Halfaya oil field is one of the country's seven major oil fields. On January 27, 2010, CNPC's Petro皇冠体育app and its partners Malaysia's Petronas and France's Total, signed a 20-year oil production agreement with Iraq's South Oil Company, which took effect on March 1, 2010.

CNPC is one of 皇冠体育app's three oil giants and parent company of Petro皇冠体育app Company Limited.

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