News tagged with “rumaila”. Found:
6 tagged news reports.
Your Search Returned 6 tagged news reports
Iraq seals oil deal with BP, CNPC
Baghdad :: Iraq | about 1 month ago
Credibility
The consortium is expected to increase the current production of about 1 million barrel per day (bpd) to 2.8 million bpd within the coming six years. Shahristani said in a speech that such contract opened "a new age" for Iraq oil production, emphasizing...
Tags: Iraqi, Rumaila, oil deals, million barrels, million bpd, CNPC, iraq signing, oil field, boost production, BP PLC
Iraq cabinet ratifies oil deals
Baghdad :: Iraq | about 1 month ago
Credibility China is the first major deal with foreign firms to be signed since an international auction in June...Iraq has the world's third largest oil reserves, but production lags behind potential due to a lack of investment. The country's total daily output...
Tags: Iraqi Cabinet, Iraq Approves BP, China Focus, China Securities Regulatory Commission, oil deals, Rumaila, oil field, Xinhua, consortium led, rumaila field
Iraq signs key oil deal
Baghdad :: Iraq | about 1 month ago
Credibility 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 the...
BP and China Win Iraq's Oil Deal
On Tuesday, the joint venture of British energy giant BP PLC and its Chinese counterpart China National Petroleum Corp (CNPC). won the deal to develop Iraq's biggest oil filed -- Rumaila. The auction, held by the Iraqi government on the deadline...
BP lands Iraq oil contract
Baghdad :: Iraq | 5 months ago
Credibility BP has won a contract to develop Iraq's massive Rumaila oilfield. The Iraqi cabinet rejected other bids for deals it had hoped would revive its struggling oil and gas sector. It was unclear if the cabinet decision was the final word on the country's first...
Tags: Iraqi Cabinet, Iraqi Oil Ministry, oil auction, oil field, BP PLC, Rumaila, vast reserves, gas field, oil companies, foreign oil
Iraq launches milestone oil licensing round
Baghdad :: Iraq | 5 months ago
Credibility International oil companies have begun bidding to develop some of Iraq's massive oil and gas reserves in a landmark bidding round marking their return to the country over three decades after the sector was nationalized. More than 30 firms were vying Tuesday...
Tags: Iraqi, oil field, gas field, Rumaila, licenses round, bids process
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