Haihao Group congratulates PetroChina on its new progress in overseas projects
Driven by the “Belt and Road” policy, Haihao Group’s trade relations with Iraq have continued to increase. As a strategic reserve supplier of PetroChina, many of these projects are carried out in cooperation between Haihao Group and PetroChina. Therefore, Haihao Group is very happy to see PetroChina achieving new achievements overseas.
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At 11:30 local time on January 1, the handover ceremony of the leading contractor of Iraq’s West Qurna-1 oil field was held grandly at the Basra oil field site in Iraq. PetroChina has officially succeeded ExxonMobil as the lead contractor for the West Qurna-1 oil field.
The West Qurna-1 oil field is a giant oil field in Iraq. It is located about 50 kilometers northwest of Basra, the capital of Basra Province. It has an annual crude oil output of more than 25 million tons. It has the “three lows” of low water content, low recovery degree, and low oil recovery rate. Features. After the handover is completed, PetroChina will serve as the lead contractor, with partners including Iraq’s Basra Oil Company, Japan’s Itochu Corporation, Indonesia’s National Petroleum Company and Iraq’s Petroleum Exploration Company.
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China-Iran energy cooperation is an important part of the joint construction of the “Belt and Road” initiative. The relevant person in charge of CNPC International said that the successful taking over of the lead contractor reflects the Iraqi government and partners’ recognition of CNPC’s long-term outstanding performance in Iraq, as well as their trust in CNPC’s operating capabilities. This marks that PetroChina and the Iraqi Ministry of Petroleum have established a good relationship of mutual trust through continuous deepening of cooperation. PetroChina will adhere to the principle of mutual benefit and win-win, actively perform its duties, ensure smooth handover and orderly transition of various tasks, and promote high-quality development.
The person in charge of PetroChina (Iraq) Siqurna Company said that after serving as the lead contractor, Siqurna Company will give full play to PetroChina’s advantages in cost control, project planning, execution and responsibility, and accelerate the construction of production capacity. , break the production bottleneck, increase crude oil production, and provide important support for Iraq’s production increase plan. This will increase the Iraqi government’s crude oil revenue, expand more opportunities for upstream and downstream industries, bring a large number of jobs to local residents, and inject more impetus into deepening China-Iran energy cooperation and promoting the construction and development of the “Belt and Road”.
Haihao Group sincerely congratulates CNPC on its new achievements in the West Qurna-1 oil field project in Iraq. The successful cooperation between Haihao Group and PetroChina not only demonstrates the mutual pursuit of excellent quality, but also further consolidates the partnership between the two parties. Haihao Group is proud to be a part of PetroChina’s success story and looks forward to achieving more prosperity together in the future.