News Source: Al Jazeera
| about 1 month ago
Rumaila is already vital to Iraq's output, contributing almost half the nation's oil production of about 2.5m bpd...The companies agreed to receive only two dollars a barrel to operate Rumaila, which has known reserves of 17.7 billion barrels. It is...
News Source: Asian Wall Street Journal
| about 1 month ago
Iraq to develop Rumaila, Iraq's largest producing oil field, paving the way for a final deal calling for investment estimated at as much as $15 billion, an Iraq ministry spokesman said. The BP-led group won the project to develop the southern Rumaila...
News Source: Financial Times
| about 1 month ago
Rumaila oilfield, a milestone in Iraq’s efforts to renew its struggling oil sector. “The signed contract will be referred to the cabinet for approval, after which the oil ministry will hold a ceremony to announce the beginning of work by the two...