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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Iraq is at the top of the 5 largest oil deals within a month

    Rocky
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    Iraq is at the top of the 5 largest oil deals within a month Empty Iraq is at the top of the 5 largest oil deals within a month

    Post by Rocky Thu 07 Dec 2023, 4:47 am

    Iraq is at the top of the 5 largest oil deals within a month

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    Economy News-Follow-up
    The top 5 oil deals in November (2023) witnessed a strong presence from Iraq and Algeria, with increasing development and investment work in the oil sectors in both countries.
    A report by the specialized energy platform stated that the importance of oil is increasing with the escalation of the global energy crisis, at a time when the markets are witnessing a state of confusion, due to the continued implementation of the voluntary reduction in oil production.
    Iraq came at the top of the five largest oil deals in November, through major agreements related to investment, production and development in the “West Qurna 1” and “West Qurna 2” fields by international companies.
    Iraq topped the list of the five largest oil deals after announcing that it granted the Chinese company Petro China the right to become the main operator of the West Qurna 1 field, instead of Exxon Mobil, which withdrew from it. This deal came under a settlement agreement conducted by the Ministry of Oil. Iraq with the giant American energy company, with the aim of putting the final touches on its exit from this field.
    Iraq strengthened its presence at the top of the list of the five largest oil deals, by concluding a new agreement with the Russian company Luk Oil, to develop the West Qurna 2 oil field.
    The Russian company announced that it had signed the agreement to improve conditions in the Iraqi field, and to extend the services contract with the Ministry of Oil responsible for the field for another 10 years, stressing that the agreement will lead to gradually doubling the field’s capacity.



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    Added 12/07/2023 - 10:40 AM
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