By Michael Kern, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will return of US oil giant herald western re-engagement with Iraq's energy sector? ExxonMobil has signed a preliminary agreement with Baghdad to develop the supergiant Majnoon oil field. The move signals the company's […]
By Raad Alkadiri for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US energy firms are returning to Iraq -- but politics could undo their fortunes US firms are back in Iraq. Whether their outlook is as propitious a year […]
By John Lee. If anyone doubts the importance of last week's agreement for US oil major ExxonMobil to return to Iraq, may we suggest reading the following article from Simon Watkins in OilPrice: What ExxonMobil's Comeback in Iraq Really Means. The author describes it as "perhaps the most significant of the recent deals between firms […]
By John Lee. US energy major ExxonMobil has signed a Heads of Agreement (HOA) with Iraq's Ministry of Oil. A statement today (Wednesday) from the Prime Minister's Office gave few details, but the agreement is thought to involve the Iraq's giant Majnoon field. During a meeting with ExxonMobil Vice President Peter Larden and the accompanying […]
By John Lee. Under the patronage of Oil Minister Hayyan Abdul Ghani, Basra Oil Company (BOC) organized a ceremony for the handover of the main operator role for the West Qurna 1 oilfield. The event, attended by the Ministry's Deputy for Extraction Affairs Basim Mohammed Khudair, marked the transfer of management responsibilities to China's PetroChina, […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Iraq Finally Become A Global Petrochemicals Powerhouse? With its vast oil and gas resources, there is no fundamental reason why Iraq cannot become a world-class producer of high-value petrochemicals. […]
By John Lee. The Iraqi Ministry of Oil has received approval from the Ministerial Energy Council (Recommendation 23067/T) for a final settlement with ExxonMobil. This settlement, known as the "Settlement Agreement," resolves longstanding disputes arising from the service contract for the West Qurna oilfield project between Basra Oil Company (BOC) and US-based oil giant. The […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Takes First Step Towards Becoming The World's Biggest Oil Producer Iraq's parliamentary oil and gas committee plans to increase the country's oil production to more than five million barrels […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's New Prime Minister Doubles Down On Oil & Gas Deals With China And Russia It is possible that U.S. Secretary of State, Antony Blinken, believed for a moment that […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ending ExxonMobil Presence in WQ1 Oilfield Legal-Contractual Discussion with Economic-Financial Analysis Information indicates that the Iraqi Ministry of Oil (MoO) proposed to acquire (buy) ExxonMobil's participation interest (PI) in the West Qurna […]
By John Lee. Pertamina, the Indonesian state-owned energy company, will reportedly buy an additional 10 percent stake in the West Qurna 1 oilfield from ExxonMobil. The Deputy Director-General of the Basra Oil Company (BOC), Hassan Muhammad Hassan, told the official Iraqi News Agency (INA) that the agrreement, "is subject to the signing of the settlement […]
