China Tightens Grip on Iraq’s Energy Future with Massive Basra Megaproject ...Middle East

OILPRICE - Economy
China Tightens Grip on Iraq’s Energy Future with Massive Basra Megaproject
source : OILPRICE ( Middle East ) () 64
China’s Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraq’s first fully integrated energy project. This comprises a development project to increase production at the Tuba oil field from 20,000 barrels per day (bpd) to 100,000 bpd, constructing a 200,000-bpd high-specification refinery, and building a 620,000 tonnes annual capacity petrochemical plant, according to Iraq’s Oil Ministry. It also includes the construction of a 520,000-tonne annual capacity fertilizer plant, developing a…

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