The Australia Pacific project will extract natural gas from coal seams in the northeastern part of the country.
China's Sinopec has agreed to purchase a portion of the gas for 20 years. Japan's Kansai Electric has also agreed to purchase some of the gas.
Oil production in Iraq surpassed 3 million barrels a day in July, putting it ahead of longtime rival Iran.
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 4.01% | 4.04% | |
| 15 yr fixed | 3.11% | 3.18% | |
| 5/1 ARM | 2.82% | 2.88% | |
| 30 yr refi | 4.00% | 4.03% | |
| 15 yr refi | 3.11% | 3.16% |
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