VOL. XLI

No. 41

12-October-1998

IRAQ

China Suspends Talks With Iraq On Development Of Halfaya Oilfield

MEES learns that the Chinese authorities have suspended negotiations with Iraq on the development of the giant Halfaya oil field, giving as a reason the current low level of oil prices and the impact this has had on the profitability of their oil companies. It is understood that the state-owned China National Petroleum Corporation (CNPC) at the last minute called off a visit scheduled...