Tag Archives | Total

Chevron, Total interested in Majnoon oilfield

By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has reportedly said that Chevron and Total have expressed interest in developing the Majnoon oilfield. Oil giant Shell is trying to sell its stake in the field following a failure to reach agreement with Iraq’s Ministry of Oil. Reuters quotes the Minister as […]

Oil Ministry asks IOCs to drop Dubai Offices

By John Lee. Reuters reports that Iraq has asked international oil companies to save costs by shutting down their prestige offices in Dubai and running their Iraqi operations from within Iraq. Oil companies with contracts in Iraq have to clear spending with Baghdad, including staffing costs, and are then repaid with income from Iraq’s exports […]

Lukoil in Talks on Iraq Petrochemical Project

By John Lee. Russia’s Lukoil is in talks with Shell and Total regarding their participation in a petrochemical complex in southern Iraq. President Vagit Alekperov (pictured) told TASS: “To create a petrochemical complex – now the negotiations are under way with Shell and with Total. The Iraqi side supports our efforts.” He added that Iraq […]

France’s Total to Develop Shared Oilfield in Iran

By John Lee. Iran has reportedly signed an agreement with France’s Total to develop the South Azadegan oil field, which is shares with Iraq. Iranian Oil Minister Bijan Zangeneh (pictured) is quoted as saying that both parties have agreed to keep the details of agreement confidential, adding that the French firm is now “studying its […]

Total, Vitol Fined in Iraq Oil-For-Food Case

By John Lee. French oil company Total and Swiss oil-trading company Vitol have been fined for corruption by a French court in relation to Iraq’s oil-for-food program. According to Bloomberg, Total was guilty of corrupting foreign civil servants, and has been fined EUR 750,000, while Vitol has been fined EUR 300,000. Other corruption charges against Total […]

France’s Total meets with Oil Minister

By John Lee. Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met on Sunday with a delegation from the French oil company Total, lead by Mr. Pascal Carrier. The Minister confirmed that Iraq is keen to foster relations with companies such as Total, and aims to expand cooperation in the field of oil and energy […]

New Basra Heavy Crude Short-Changes IOCs

By John Lee. According to a report from the Financial Times, Iraq’s introduction of the new Basra Heavy crude oil grade is causing problems for the international oil companies (IOCs). Since its launch in June, IOCs such as Shell, BP, Total, Lukoil, Petronas and China National Petroleum Corporation (CNPC)  have received their remuneration for development […]

Total, Marathon Discovery at Harir Block

By John Lee. Total and Marathon Oil have confirmed a discovery of light oil and gas with condensates at the Harir Block, 60 kilometers from the city of Erbil. The Jisik-1 discovery well was drilled to a depth of 4,511 meters and encountered light oil and gas with condensates intervals in Jurassic and Triassic carbonate reservoirs. […]

Drilling Continues at Taza-2 Well

By John Lee. Oil Search Limited has reported that the Taza 2 well in Kurdistan was drilled to a depth of 10,679 feet (3,255 meters), and the company was preparing to drill ahead in an 8.5 inch hole. During the week, the well penetrated the Jeribe Formation, encountering hydrocarbon shows in line with prognosis, and […]

Total Considers “World-Scale” Petrochemical Plant

By John Lee. French oil giant Total is reported to be considering building a “world-scale” petrochemical complex in Iraq. AFP reports that Patrick Pouyanne, the head of Total’s refining and chemicals division, said he signed a preliminary accord with Iraq’s industry ministry in November to examine the feasibility of the complex in Basra. “They are […]