Iraq Shake-Up: CNPC Enters West Qurna-1; Shell Slammed Over Majnoon
Iraq’s oil sector is undergoing a shakeup not seen since the grand opening of its upstream sector to foreign investors in late 2009. Chinese state giant CNPC has snagged 25% of the key West Qurna-1 project, catapulting it into the top rank of foreign operators in Iraq. Meanwhile, BP appears on the verge of clinching a deal with Baghdad to rehabilitate Kirkuk. But Shell is in the dog house:...
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