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Xinhua (1 January 2024)

China's leading oil and gas producer, China National Petroleum Corporation (CNPC), officially took over from U.S. oil giant ExxonMobil as the lead contractor for Iraq's West Qurna 1 oilfield on Monday.

The handover ceremony was held in Iraq's southern province of Basra with the attendance of Iraqi officials, Chinese diplomats, and representatives of CNPC, Basra Oil Company, ExxonMobil, and so on.

Congratulating CNPC's new partnership, Bassim Mohammed Khudair, Iraqi deputy oil minister for extraction affairs, told Xinhua that he had full confidence in CNPC's manpower, strategy and vision, and believed that the project will be completed within the stipulated time.

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