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CNPC’s subsidiary, China Petroleum Engineering & Construction Corp (CPECC) has secured a $121 million engineering contract in Iraq. The contract requires CPECC to renovate the facilities currently used for gas extraction during crude oil production at West Qurna-1 oilfield. The project is slated for completion in 27 months. The West Qurna-1 oilfield was developed by Exxon Mobil and produces 480,000 barrels of crude oil per day.
