Chinese firm to invest in Iraq's Halfaya oil field

(8 May 2019) A Chinese energy company has been awarded a contract to recover natural gas from Iraq's Halfaya oil field to fuel power stations in the country's under served Missan province.
Representatives from China Petroleum Engineering and Construction Corporation (CPECC), PetroChina, and the Iraq Ministry of Oil signed an agreement in Baghdad on Wednesday.
The China Petroleum Engineering and Construction Corporation says its gas processing plant will be able to recover and refine 300 million standard cubic feet of gas daily.
For decades, Iraqi oil fields have burned off the hydrocarbon by products of crude oil drilling.
Now, Iraq says it wants to capture natural gas to generate electricity and resolve the power shortages that plague the country.
The push into gas recovery comes amid diplomatic pressure by the United States to have Iraq halt its gas and electricity imports from Iran.
The U.S. applied sanctions against Iran's energy and financial sectors last year.
The Halfaya oilfield is operated by PetroChina.
CPECC says its gas plant will be operational in 30 months.

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