Shell in Talks With Chinese Oil Companies Over Iraqi Sites

by Benjamin Domenech on 1:03 am April 15, 2009

Iraq produces about 2.5m barrels of oil a day. China is the world’s second-largest consumer of oil and its state-run energy companies are keen to expand their foreign reserves.

A partnership with Shell would be China’s second major venture in the Gulf state. State oil group CNPC’s $3bn (£2bn) project to develop the al-Ahdab field was Iraq’s first large oil deal with a foreign company after the fall of Saddam Hussein.

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