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Iraq oil deal puts pressure on Opec

Source: Financial Times
Baghdad : Iraq | 21 days ago  
Views: 23
ExxonMobil and Royal Dutch Shell , the two biggest western oil companies, on Thursday won the right to develop Iraq’s giant West Qurna oilfield, raising the prospect of a big jump in Iraqi oil supplies. The agreement is the third such deal this year and marks the first time a US-led consortium will re-enter...
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  • 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...
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  • Blog Source: www.sfexaminer.com
    A consortium grouping US and European oil giants Exxon Mobil Corp. and Royal Dutch Shell PLC on Thursday signed a $50 billion deal to develop one of Iraq's most prized oil fields, as the OPEC nation looks to revamp its battered energy ...
  • Blog Source: nenosplace.forumandco.com
    Exxon, Shell win Iraq's W. Qurna contract PUKmedia 05-11-2009 14:19:10. Iraq's oil ministry said on Thursday that a group led by US oil major Exxon Mobil beat three rival consortiums to win the contract to develop the giant West Qurna ...
  • Blog Source: pukmedia.com
    Iraq's oil ministry said on Thursday that a group led by U.S. oil major Exxon Mobil beat three rival consortiums to win the contract to develop the giant West Qurna oilfield, one of several fields left unclaimed after a June auction. ...
  • Blog Source: www.investorsiraq.com
    Iraq is expected to award its giant West Qurna-1 oil field in southern Iraq to a consortium comprising Exxon Mobil Corp. and Royal Dutch Shell PLC, a senior Iraqi oil official said. The decision will come later Wednesday, ...
  • Blog Source: www.energy-pedia.com
    Exxon and Shell competed against Russia's Lukoil, Total of France and a consortium led by China's CNPC for Phase One of the West Qurna field. West Qurna-1, with estimated proven oil reserves of 8.6 billion barrels, was one of eight oil ...
  • Blog Source: www.goodasis.com
    Iraq has struck a deal with a consortium led by US oil giant Exxon Mobil, and including Royal Dutch Shell, to develop the West Qurna 1 oil field. This is the second major deal the country's oil ministry has agreed with overseas oil ...
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