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The project undertaken by state-owned Basra Gas Company is estimated to be worth $400m
The contract was awarded by ExxonMobil to CPECC in November
Although the decision has been adopted by the Opec+ alliance under pressure from Russia, the move will benefit all of the bloc’s members
Saudi Arabia has volunteered to cut 400,000 b/d over and beyond the 500,000 b/d collective production curb agreement reached in Vienna on 6 December
