Tuesday 23 December 2014
 
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West Qurna

Petrochina buys 25pc stake in Iraq oilfield

PetroChina has bought a 25 percent stake in the West Qurna-1 oilfield project from Exxon Mobil, strengthening China's hold on Iraq's energy resources. China is already the top foreign player in Iraq's oilfields, which

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Iraqi tribes want Lukoil project to fuel better life

Al-Toraba Sheikh Mansour Hamid Al-Imara clutches his prayer beads and watches a huge new oil facility nearing completion across the road from his village, hoping that Russian operator Lukoil will offer his poor tri

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170 Iraqi nationals complete Lukoil training

About 170 Iraqi nationals completed a training programme at Lukoil Overseas Mid-East, a Russia-based subsidiary that manages international oil and gas production and exploration projects. The trainees were assigned to different fa

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China, Indonesia to join Exxon at giant Iraqi oilfield

China and Indonesia are set to join Exxon Mobil's $50 billion project to develop Iraq's West Qurna-1 oilfield, company and industry sources said on Thursday. Various scenarios for farming out Exxon's 60 percent stake i

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PetroChina to join Exxon at giant Iraqi oilfield

China's biggest energy firm PetroChina will join Exxon Mobil in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil to buy into a second project at the field, industry sources said.  

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Exxon in talks to sell Iraq field stake to Mubadala

  Exxon Mobil is in negotiations to sell 5 percent of its stake in Iraq's West Qurna-1 oilfield to Abu Dhabi's state-run investment fund Mubadala, part of the US major's moves to reduce its exposure there, Iraqi oil o

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Exxon to invest more in Iraq's West Qurna

  Exxon Mobil has allocated $1.65 billion to develop Iraq's West Qurna 1 oilfield in 2013, up from $1.6 billion last year, the head of the joint management committee for the field said.   An Ira

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China ready to join Exxon at giant Iraq oilfield

  China is willing to join Exxon Mobil in a giant Iraqi oilfield project, a top executive said on Tuesday, which could see Beijing come to dominate Iraq's oilfields and help the US major mend fences with Baghdad.

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Jobs protesters break into Iraq oilfield

  Hundreds of protesters demanding jobs broke into Iraq's giant southern West Qurna-2 oilfield and wrecked offices early on Monday, police and employees at the field said.   West Qurna-2, which

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Lukoil cuts Iraq oil output plan by a third

Russia's second-largest crude producer Lukoil said it has cut its oil production plan in Iraq by almost a third, in line with the local government's plans to increase the lifetime of its oilfields. Andrei Kuzyayev, head of

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