China’s CNPC to Boost Capacity at Giant Iraqi Oilfield to 1.2 Million Bpd

The supergiant West Qurna 1 oilfield in Iraq is expected to have its production capacity raised to 1.2 million bpd by 2035, the project’s subsurface manager, Cai Kaiping, has said. Oil production at the field has increased to 550,000 barrels per day (bpd) since China National Petroleum Corporation (CNPC) took over the operations a year ago. At the beginning of 2024, CNPC officially took over from U.S. oil giant ExxonMobil as the lead contractor of the West Qurna 1 oilfield in Iraq, near Basra in the southern part of the country. West Qurna…