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On December 14, the first cargo with 2 million barrels of crude oil from Iraq's Halfaya Oilfield left Basra for China, indicating that CNPC's Halfaya Project has entered investment payback period ahead of schedule. Halfaya Project is the first to become operational and begin investment recovery amongst the seven international projects that have won the [...]

CNPC sends maiden Halfaya crude to China

CNPC announces:

On December 14, the first cargo with 2 million barrels of crude oil from Iraq's Halfaya Oilfield left Basra for China, indicating that CNPC's Halfaya Project has entered investment payback period ahead of schedule.

Halfaya Project is the first to become operational and begin investment recovery amongst the seven international projects that have won the second round of bidding in Iraq.

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