Total this week reiterated that work is ongoing at Halfaya Phase-3 in southern Iraq to double capacity to 400,000 b/d by later this year. Chinese state firm CNPC is operator with 45% (Total has 22.5% as does Malaysian state firm Petronas).
Drilling here helped raise the Iraqi oil ‘Rig Count’ to 56 for January, the highest level since January 2015, according to monthly figures produced by Baker Hughes, the oil services arm of US conglomerate GE. (CONTINUED - 477 WORDS)
