Thread: Chinese oil field in Iraq start operation, PLA resided

He'll soon get tanned. :P

Originally Posted by Mohan

The guy in the second photo almost looks like girl no offense

right. they are armed police, defencive force, need not and can not show any offense.
if you show your offense to the 'girl', 'she' will show you the really offense. Nehru knew this point very well.
a losser can not be stronger by laughing at a winner.

Knock it off with the Nehru reference.

Please don't stir up trouble between us.
did not meant to knock who off.
Nehru is a greatman, isn't he? really respect him. At least, he has the courage to show offence in action.
What have Manmohan Singh done after Bombay 11.26? almost looks like girl,no offense.

Here are further details of this oil field joint venture.

Iraq, China open major oil field

KUT, Iraq (AFP) — Chinese engineers have inaugurated an Iraqi oil field, the first major oil development deal secured by a foreign firm since the 2003 fall of Saddam Hussein, officials said on Thursday.

The project, which follows the signing of a three-billon-dollar contract late last year, revives a deal signed in 1997 that granted China exploration rights to Al-Ahdab oil field in central Iraq.

"This project will provide a number of jobs and opportunities for investment," Oil Minister Hussein al-Shahristani said at a ribbon-cutting ceremony on Wednesday, quoted in an official statement.

"It will provide the province with electricity and power to operate the power station in Zurbadiyah and to help contribute to development and prosperity," he said.

Al-Ahdab's oil production is expected to reach 25,000 barrels per day in the first three years and expand to up to 115,000 barrels per day in six years, according to China National Petroleum Corp (CNPC).

The contract, signed in November in Baghdad, allows CNPC and another Chinese company, Zhenhua Oil, to develop Al-Ahdab oil field in the province of Wasit for 23 years. ...

After China won the rights in the 1997 deal, then valued at 700 million dollars over 23 years, activities were suspended due to United Nations sanctions and then by security issues following the US-led invasion in 2003.

Output from the field will mostly be exported but some will be used to fuel power generation stations nearby to ease electricity shortages.

Baghdad said earlier it had managed to change the previous joint venture contract into a service agreement, under which CNPC would charge a service fee of six dollars a barrel, decreasing eventually to three dollars.

The Al-Ahdab oil contract, while now strictly a service deal, will be worth an estimated three billion dollars to the Chinese and offers them an entry into Iraq ahead of Western majors.

Iraq has 115 billion barrels of proven oil reserves -- the third largest in the world -- and at the end of February was producing 2.310 million barrels per day. ....