Petronas to raise Sudan oil output to 1 mln bpd by 2007
KUALA LUMPUR, Malaysia, June 22 (AFX) — Petroliam Nasional Bhd (Petronas) aims to increase oil output at its Sudan joint venture to one mln barrels per day (bpd) by 2007, The Sun reported, citing Petronas president and chief executive Mohd Hassan Marican.
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Sudanese President Omar el-Bashir with ex-President Gaafar Nimeiri and Hassan Turabi among others during the inauguration of an oil pipeline on Monday May 31, 1999, in Heglig, central Sudan. (AP) . |
He said that the current output at its Sudan venture with China National Petroleum Corp and Sudanýs National Oil Corp was 300,000 bpd.
Petronas has been involved in the exploration and production of oil in Sudan since 1997 and it holds a 30 pct stake in the JV.
Mohd Hassan said Petronas is looking to increase its involvement in developing the oil industry in the Organization of Islamic Conference countries. Among the countries Petronas is entering is Iraq, where it is involved mainly in the upstream sector.
Petronas also has operations in Iranýs Pars liquefied natural gas project and talks are ongoing on the terms.
On Chad, Mohd Hassan said Petronas is keen to explore the African countryýs oil industry but he declined to provide details.