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[size=52]Iraq aims to increase oil production from “West Qurna 1” by 50 thousand barrels per day[/size]
[size=45]The Iraqi Deputy Minister of Oil said that the American energy company ExxonMobil officially handed over operations in the West Qurna 1 oil field in southern Iraq to PetroChina as a main contractor.[/size]
[size=45]The Iraqi Deputy Minister of Oil for Extraction Affairs, Bassem Muhammad, said, according to Reuters, that Iraq and PetroChina plan to increase oil production from the West Qurna 1 field by 50,000 barrels per day, to reach 600,000 barrels per day at the end of 2024.[/size]
[size=45]Senior Iraqi oil officials met with executives from ExxonMobil, PetroChina, and Basra Oil on Monday, in the West Qurna 1 field near Basra on the occasion of Exxon’s complete exit and handover of its operations to PetroChina.[/size]
[size=45]He explained: “We are meeting today to bid farewell to (ExxonMobil), and at the same time we congratulate (PetroChina) on being the main contractor.”[/size]
[size=45]According to the agreement, which was reached between all parties, last November 11, PetroChina will own the majority share in the “West Qurna 1” field in Iraq, after the departure of “Exxon Mobil.”[/size]
[size=45]It should be noted that the year 2022 witnessed the purchase of 10 percent of ExxonMobil’s stake in the “West Qurna 1” field, increasing its stake to 20 percent, while the “Pertamina” oil and gas company, which is owned by the state, purchased... Basra Oil: 22.7 percent of the field.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Iraq aims to increase oil production from “West Qurna 1” by 50 thousand barrels per day[/size]
[size=45]The Iraqi Deputy Minister of Oil said that the American energy company ExxonMobil officially handed over operations in the West Qurna 1 oil field in southern Iraq to PetroChina as a main contractor.[/size]
[size=45]The Iraqi Deputy Minister of Oil for Extraction Affairs, Bassem Muhammad, said, according to Reuters, that Iraq and PetroChina plan to increase oil production from the West Qurna 1 field by 50,000 barrels per day, to reach 600,000 barrels per day at the end of 2024.[/size]
[size=45]Senior Iraqi oil officials met with executives from ExxonMobil, PetroChina, and Basra Oil on Monday, in the West Qurna 1 field near Basra on the occasion of Exxon’s complete exit and handover of its operations to PetroChina.[/size]
[size=45]He explained: “We are meeting today to bid farewell to (ExxonMobil), and at the same time we congratulate (PetroChina) on being the main contractor.”[/size]
[size=45]According to the agreement, which was reached between all parties, last November 11, PetroChina will own the majority share in the “West Qurna 1” field in Iraq, after the departure of “Exxon Mobil.”[/size]
[size=45]It should be noted that the year 2022 witnessed the purchase of 10 percent of ExxonMobil’s stake in the “West Qurna 1” field, increasing its stake to 20 percent, while the “Pertamina” oil and gas company, which is owned by the state, purchased... Basra Oil: 22.7 percent of the field.[/size]
[size=45][You must be registered and logged in to see this link.]
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