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[ltr]Iraq may offer Total and Chevron different conditions for Shell to develop the Majnoon field[/ltr]
From 2017-10-21 at 18:49 (Baghdad time)
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[ltr]Iraq's oil minister Jabbar al-Allaibi said on Saturday that Iraq may offer to Chevron and Total conditions for the development of Majnoon oil field different from the conditions that was offered to Royal Dutch Shell.[/ltr]
[ltr]Iraq will develop the Majnoon oilfield in southern Iraq with its own resources until it can find a foreign partner, al-Allaibi told reporters. He added that a company had not yet been selected.[/ltr]
[ltr]On October 9, Allaibi said Chevron and Total were among the companies that showed interest in developing the Majnoon field, which Shell said it wanted to pull out of because of unacceptable changes in financial conditions.[/ltr]
[ltr]Iraqi Oil Minister Jabbar al-Luaibi said he would seek clarification from Russian oil giant Rosneft over contracts signed with Iraq's Kurdistan region.[/ltr]
[ltr]Al-Allaibi told reporters in Baghdad that Rosneft confirmed that the contracts are preliminary and not prepared for implementation and gave no further details.[/ltr]
[ltr]On Thursday, Rosneft agreed to control Iraq's main oil pipeline, boosting its investment in the autonomous region to $ 3.5 billion.[/ltr]
[ltr]The Iraqi government has warned companies not to sign contracts with Iraqi Kurdistan and Iraqi forces seized control of oil-rich Kirkuk this week from Kurdish forces.[/ltr]
[ltr]Rosneft said it would invest money in expanding the pipeline, hoping to increase its capacity by one third to 950,000 bpd. This equates to about 1 percent of the world's total supply.[/ltr]
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From 2017-10-21 at 18:49 (Baghdad time)
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]Continue Mawazine News:[/ltr]
[ltr]Iraq's oil minister Jabbar al-Allaibi said on Saturday that Iraq may offer to Chevron and Total conditions for the development of Majnoon oil field different from the conditions that was offered to Royal Dutch Shell.[/ltr]
[ltr]Iraq will develop the Majnoon oilfield in southern Iraq with its own resources until it can find a foreign partner, al-Allaibi told reporters. He added that a company had not yet been selected.[/ltr]
[ltr]On October 9, Allaibi said Chevron and Total were among the companies that showed interest in developing the Majnoon field, which Shell said it wanted to pull out of because of unacceptable changes in financial conditions.[/ltr]
[ltr]Iraqi Oil Minister Jabbar al-Luaibi said he would seek clarification from Russian oil giant Rosneft over contracts signed with Iraq's Kurdistan region.[/ltr]
[ltr]Al-Allaibi told reporters in Baghdad that Rosneft confirmed that the contracts are preliminary and not prepared for implementation and gave no further details.[/ltr]
[ltr]On Thursday, Rosneft agreed to control Iraq's main oil pipeline, boosting its investment in the autonomous region to $ 3.5 billion.[/ltr]
[ltr]The Iraqi government has warned companies not to sign contracts with Iraqi Kurdistan and Iraqi forces seized control of oil-rich Kirkuk this week from Kurdish forces.[/ltr]
[ltr]Rosneft said it would invest money in expanding the pipeline, hoping to increase its capacity by one third to 950,000 bpd. This equates to about 1 percent of the world's total supply.[/ltr]
[ltr]is over[/ltr]
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