Saturday, December 12 - 2009
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.
Source: http://www.ameinfo.com/218474.html
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