Economics
Oil production at starts at Halfaya
PetroChina and its partners Total and Petronas said on Wednesday that oil production has started at the Halfaya oil field in southern Iraq. Iraqi Oil Minister Abdul-Karim Elaibi said the field will produce 100K barrels a day and reach 535K bpd in 2016. The consortium will be paid $1.40 for each barrel of oil they extract. (Iraq Business News)
Source: http://www.iraq-businessnews.com/2012/07/19/oil-production-at-starts-at-halfaya/
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