If the invasion of Iraq was all about exploiting the country's oil, you'd never know it from the structure of the contracts being signed by the likes of ExxonMobil (NYSE: XOM), Total (NYSE: TOT), and BP (NYSE: BP). In an analysis of the West Qurna 1 license awarded to ExxonMobil and Royal Dutch Shell (NYSE: […]
Tag Archives | Oil
The latest Oil & Gas industry news from Iraq – security updates, oil industry events and more – brought to you by Iraq Business News
Angola's Sonangol Finalizes Oilfield Deals
Iraq signed final contracts with Angolan state oil company Sonangol on Tuesday to develop the Qayara and Najmah oilfields. Qayara has reserves of some 800 million barrels and Najmah 900 million. Both are in the violent Nineveh province in Iraq's north, where Sunni Islamist insurgents like al Qaeda remain active almost seven years after the […]
Building More Than 40,000 Housing Units and the Largest Oil Refinery in Diyala
Investment Authority in Diyala agreed with a local company to set up the biggest oil refinery in the province at a cost exceeding $ 100 million, and build more than 40 thousand residential units, with an investment of 200 thousand acres of farmland. The official Investment Authority ,engineer Mjul Mahdi said in a statement for […]