|
Search the Community
Showing results for tags 'west qurna-1 and 2 oilfield.'.
Found 1 result
-
Iraq is discussing with American companies buying Exxon Mobil’s stake in "West Qurna" 2021-04-15 05:25 Shafaq News / The Iraqi Ministry of Oil announced on Thursday that it will hold a round of talks with American companies specialized in the field of oil to buy Exxon Mobil’s stake in West Qurna 1 field. Iraqi Oil Minister Ihsan Abdul-Jabbar said in a statement singled out by Shafaq News Agency; "The ministry started its discussions with major American companies to choose a company that would get the right to buy Exxon Mobil’s share in West Qurna 1 field." And ExxonMobil had signed, in January 2010, an agreement with the South Oil Company, one of the companies of the Iraqi Oil Ministry, to rehabilitate and develop the West Qurna-1 field in southern Iraq. The proven reserves of the field amount to 8.7 billion barrels, and West Qurna is one of the rewarding fields that the major Western oil companies are looking forward to in the face of stagnant or declining production.
