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Chinese CNPC company wins $ 204m contract in Majnoon field
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Economy News _ Baghdad
The Chinese Petroleum Engineering and Construction Company has won an engineering contract worth $ 203.5 million to process high-sulfur gas in the Majnoon oil field in Iraq.
The project, to be completed within 29 months, aims to build a high-sulfur gas processing facility with a daily capacity of 4.39 million cubic meters, according to a statement issued by the China National Petroleum Corporation, the parent company of the China Petroleum Engineering and Construction Company, on Monday.
The Iraqi Majnoon field, which is operated by the government-run Basra Oil Company, currently produces about 240,000 bpd and plans to boost production to 450,000 bpd in 2021.
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