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China National Petroleum Corporation (CNPC) May Purchase Exxon Mobil’s Iraq West Qurna 1 Field

Current CNPC holdings in Iraq include three fields in the south producing more than 1.4 million barrels of oil per day. The largest foreign players in Iraq’s emerging oil industry are China and Malaysia. China National Petroleum Corporation has sought to expand its presence by acquiring the West Qurna 1 Field which holds reserves estimated to be […]

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