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Iraq Updates - Oil & Gas

Iraq Updates - Oil & Gas

The latest news about Oil & Gas in Iraq

CNOOC and Sinochem Win Bid for Missan Oil Field Deal in Iraq
15/03/2010 09:29 AM
China Knowledge reported that consortium led by CNOOC Ltd a subsidiary of China National Offshore Oil Corp, won the bid to develop the Missan Oil Field complex in Southern Iraq.

OPEC May Face Iraq Challenge Sooner Than Expected
15/03/2010 09:28 AM
The storm brewing on OPEC's horizon over future Iraqi oil output could engulf the producer group sooner than it would like.

OPEC to Keep Quota Unchanged With Oil Above $80, Survey Shows
15/03/2010 09:23 AM
The Organization of Petroleum Exporting Countries will uphold its target of 24.845 million barrels a day when it meets in Vienna on March 17, according to 42 of 44 analysts surveyed this week. Shokri Ghanem, chairman of Libya’s National Oil Corp....

Petrofac Targets Iraq Oil After Asfari Raises Value
15/03/2010 09:22 AM
Ayman Asfari, the chief executive officer whose oil and gas engineering skills guided a fourfold increase in the value of Petrofac Plc within five years, is now preparing to tap Iraq’s energy boom.

Petrofac Targets Iraq Oil After Asfari Quadruples Share Value
12/03/2010 06:56 AM
Ayman Asfari, the chief executive officer whose oil and gas engineering skills guided a fourfold increase in the value of Petrofac Plc within five years, is now preparing to tap Iraq’s energy boom.

Opec Likely to Face Iraq Test Sooner Than Expected
12/03/2010 06:54 AM
The storm brewing on the Organisation of Petroleum Exporting Countries' (Opec) horizon over future Iraqi oil output could engulf the producer group sooner than it would like.

ExxonMobil Plans 4% Spending Boost
12/03/2010 06:52 AM
US supermajor ExxonMobil will increase its capital spending nearly 4% this year to $28 billion as it evaluates new fields around the world, but it cautioned that the global economy remained unsteady.

Opec Concern over Iraq Oil 'tsunami'
12/03/2010 06:52 AM
The storm brewing on Opec's horizon over future Iraqi oil output could engulf the producer group sooner than it would like, say analysts.

Iraqi Provinces to Reap $1 Per Each Barrel Produced from Their Oil Fields
11/03/2010 09:13 AM
Iraqi provinces will have the right to reap $1 from each barrel their oil fields produce, the cabinet has announced.

The Oil Curse
11/03/2010 07:22 AM
Like one of those perverse twists in the tales of "The Arabian Nights" (many of which, you will recall, took place in Baghdad and Basra), modern Iraq's greatest source of prosperity—its vast reserves of oil and natural gas—could also be...

Gulf Keystone Eyes Fundraising, to Buy out Partner
11/03/2010 07:18 AM
Iraq-focused oil explorer Gulf Keystone Petroleum (GKP.L) said it planned to take over its joint venture in Kurdistan after its partner defaulted, in a deal requiring a significant fundraising.

Gulf Keystone Petroleum to Take Full Control of Kurdistan Operating Subsidiary
11/03/2010 07:17 AM
Gulf Keystone Petroleum (AIM: GKP) is set to increase its interests in Kurdistan by assuming 100% control of its GKPI operating subsidiary, following a material default by the company’s investment partner in Kurdistan, ETAMIC. Subject to total expenditure...

Abadan Gas Oil Exports to Iraq Exceed 320m Liters
11/03/2010 07:13 AM
Some 322.9 million liters of gas oil have been exported to Iraq via Abadan from March 20, 2009 to March 6, 2010.

CNOOC and Sinochem Win Bid for Iraqi Oilfield
10/03/2010 06:35 AM
According to a Wall Street Journal report, Iraqi officials said that a consortium led by China National Offshore Oil Corporation (CNOOC) is expected to win the bid for Missan oilfields in southern Iraq. The consortium had accepted the price offered...

Iraq Oil Boom on the Horizon
10/03/2010 06:35 AM
Iraq is on the cusp of a major expansion in its oil output that within five years may well make it the world’s third largest producer, behind only Saudi Arabia and Russia. Recent relative political and military stability is letting Iraq’s government...

MOL Tests Bijeel Oil Find in Iraq Kurdistan
10/03/2010 06:32 AM
A unit of MOL Hungarian Oil & Gas PLC has gauged oil and gas at the Bijeel-1 exploratory well in Iraqi Kurdistan.

Gulf Keystone Petroleum Partner Strikes Oil at Bijeel-1 in Kurdistan
10/03/2010 06:31 AM
Shares in Gulf Keystone Petroleum Ltd (AIM: GKP) shot up in closing London trade after the group announced that the operator of the Akri Bijeel block in Iraq’s Kurdistan region concluded a successful oil test in the Bijeel-1 exploration well.

Hungary's MOL Says Iraqi Kurdistan Well Hits Oil
10/03/2010 06:30 AM
Hungarian oil and gas group MOL(MOLB.BU) announced on Tuesday that it had made a discovery in the Akri-Bijeel Block in the Kurdistan Region of Iraq where MOL conducts tests jointly with Gulf Keystone Petroleum.

CNOOC, Sinochem Sign Initial Agreement with Iraqi Oil Ministry
09/03/2010 10:00 AM
A consortium led by Cnooc Ltd. (CEO), the Hong Kong-listed unit of China National Offshore Oil Corp., has signed an initial agreement with Iraq to develop the 2.5 billion-barrel Missan oil field complex in southern Iraq, a senior Iraqi oil ministry...

Iraq Extends Memorandum of Understanding with Royal Dutch Shell
09/03/2010 09:53 AM
Iraq has extended a memorandum of understanding with Royal Dutch Shell on a natural gas venture in Basra for six months from March 2010, Iraq's oil minister Hussein Al Shahristani told Reuters on Sunday.