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China s PetroChina has officially taken over as the lead operator of the supergiant West Qurna 1 oil field in Iraq, marking a significant shift in control from Western to Chinese hands. ....
West Qurna 1 is located in southern Iraq and has recoverable reserve estimates of over 20 Bbbl, making the oil field on of the largest in the world. ....
Last week saw six oil concessions awarded by Baghdad to three companies from China and the UAE, as the former is set to take over the lead operator role of the supergiant West-Qurna 1 field ....