Chinese-led group formally signs Iraq oil deal
A consortium led by oil giant PetroChina has formally signed a 20-year deal with Iraq to develop the Halfaya oil field, as China boosts its presence in the crude-rich region.
Arab Oil & Gas News
Iraq completes deal with oil giants Exxon Mobil, Shell
Iraq’s oil ministry on Monday completed a major deal with US major Exxon Mobil and Anglo-Dutch giant Shell to develop production at West Qurna-1, the war-torn country’s second biggest field.
Shahristani: Iraq will propose new standards for the OPEC quotas in 2011
Oil Minister Hussain al-Shahristani said that Iraq is expected to submit to the partners in the Organization of Petroleum Exporting Countries (OPEC) in 2011, his ideas on criteria for new shares when it begins to take shape plans for a major increase in production capacity to production levels, Saudi Arabia.
TV ad abused the Arab oil countries
An announcement was broadcasted on U.S. television networks funded by the oil tycoon famous American, Thomas Boone Pickens carries implicit abuses for Oil Arab States and incitement against the cross-linking it with terrorism, and called to stop buying Arab oil, angered U.S. associations of racial discrimination.
Iraq signs contract to develop al-Zubair oilfield with Italy’s Eni
ENI SpA and partners including Occidental Petroleum Corp. plan to spend about $1 billion (Dh3.67 billion) a year to boost production at Iraq’s Zubair oil field by one million barrels a day after winning rights to develop the deposit.
Total group to invest up to $2 bln in Algeria field
Algerian state firm Sonatrach and a consortium led by Total (TOTF.PA) will invest between $1.5 and $2 billion in Algeria’s Ahnet gas permit by 2014, the North African country’s Energy Ministry said on Sunday.
Shell, Petronas sign final contract for Majnoon field
Royal Dutch Shell, Europe’s largest oil company, and Malaysia’s Petroliam Nasional Bhd (Petronas) signed a final contract yesterday to develop Iraq’s Majnoon oilfield, one of the world’s biggest.
Iraq set to sign oil deals
Iraq’s Oil Ministry will finalise deals later this month with foreign energy outfits for its Majnoon, Gharaf, Qayara and Najmah fields, a ministry official said.
Exxon Mobil, Qatar Petroleum to develop large-scale petrochemical complex
A unit of Exxon Mobil Corp. said Wednesday it had signed a joint development agreement with Qatar Petroleum for a large-scale petrochemical complex in Qatar to meet growing demand in Asian markets.
Iraq approves oil deals, massive investments seen
Iraq has approved all pending deals with foreign energy firms over oil fields auctioned last year, paving the way for more than 100 billion dollars in investment, the oil ministry said Wednesday.
