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Samsung Wins $1bn Oil Contract

Iraq's cabinet announced that it had approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna 2 oilfield, according to Reuters. While the memo did not name the company, Samsung Engineering was the only South Korean company on the final shortlist. Iraq and its partners, Russia's Lukoil […]

Five Firms Shortlisted for West Qurna 2

Reuters reports that Iraq and its partners, Russia's LUKoil and Norway's Statoil, have shortlisted five companies to compete for the West Qurna Phase Two oilfield development contract. An Iraqi oil official who asked not to be identified said on Tuesday that the oil service companies selected are Saipem , SNC Lavalin Group Inc , Punj […]