Economics
Iraq's Halfaya oil field to boost production by June
Iraq's Missan Oil Corporation has said crude production at the country's Halfaya field, whose shareholders include French oil giant, Total, is set to rise to 70K bpd by June, Bloomberg has reported. Total, China National Petroleum Corp and Petronas, are developing Halfaya. CNPC has a 50% share in the project, while Total and Petronas each own 25% stakes. The field will reach a production capacity of 535K bpd in 2016, in line with the terms of the contract signed with foreign companies developing the area, the firm said. (Iraq Directory)
Source: http://www.iraqdirectory.com/DisplayNews.aspx?id=18140
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