(Yicai Global) Oct. 18 -- A unit of China National Petroleum Corporation, the county’s largest oil and gas supplier, won a contract worth USD386 million for the engineering, procurement, construction, and commissioning of a new crude oil processing facility in Iraq.

Employed by the building conglomerate Basra Energy, China Petroleum Engineering and Construction will be responsible for carrying out the EPCC contract and performance testing at the Mishrif Qurainat oilfield, CPECC said yesterday.

The project includes two sets of crude oil processing facilities, each with a capacity of 120,000 barrels per day. The contract is scheduled to take effect on Nov. 16, with construction expected to take 36 months, CPECC added.

Basra Energy is an oil and gas investment joint venture of PetroChina International Iraq FZE, a subsidiary of Beijing-based CNPC, and BP Holdings Iraq. The former own 51 percent of the JV.

This is the second major contract signed by China Petroleum Engineering and Construction in the Iraqi oilfield services market, after the firm announced a USD316 million deal with ExxonMobil’s Iraqi unit to build a facility in the West Qurna oilfield in February.

Editor: Martin Kadiev