News Source: Houston Chronicle
| 20 days ago
Iraq awarded a contract to develop the West Qurna oilfield to Exxon Mobil Corp. and Royal Dutch Shell, a month before the country holds its second licensing round for oilfield contracts since the 2003 U.S...The initial agreement will be submitted to...
News Source: Washington Post
| 20 days ago
Exxon Mobil and Royal Dutch Shell signed a deal with the Iraqi Oil Ministry on Thursday to develop a major field, marking the first foray by a U.S.-led consortium into Iraq's promising but uncertain oil industry. The agreement, the second of its...
News Source: The Daily Star
| 20 days ago
ExxonMobil’s output target for West Qurna Phase One beat those of its rivals and allowed it to clinch the contract, said an Iraqi oil official, who was part of the negotiating team. “This is better for us,” the Iraqi oil official said. “We...
News Source: The Age
| 20 days ago
Iraq's biggest - in what is also a $US50 billion ($A54.82 billion) investment. Both fields are located in southern Iraq, home to most of the nation's oil. West Qurna 1 currently produces about 279,000 bpd and has reserves of around 8.5 billion...
News Source: The Guardian
| 20 days ago
Exxon was awarded a contract to extract oil from the West Qurna reservoir near Basra in Iraq's south during an extended tender process that has seen the Iraqi government partner foreign firms in a bid to get its reserves of oil out of the ground as...
News Source: The New York Times
| 20 days ago
The Iraqi Parliament failed again on Thursday to approve a law to regulate a national election in January, deepening doubts about whether the nation can hold its election on schedule. American military officials have said a postponement of the...