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2015-08-20 19:55:00

IRAQ REASSURES LUKOIL

IRAQ REASSURES LUKOIL

During a visit to the West Qurna II oilfield in Basra, Prime Minister Haider al-Abadi reiterated his government's commitment to ensuring the security of the southern oilfields and their workers.

He met with senior management of the Russian operator Lukoil, following protests by locals demanding jobs.

A Lukoil official told Reuters that operations were continuing as normal at West Qurna-2 with a steady output of 450,000 bpd, but said production might be disrupted if the situation was not resolved, while a senior official at the South Oil Company (SOC) said, "despite Lukoil's ongoing initiatives to hire more labourers from nearby areas, things have got out of control."

Al-Abadi promised, "we will use all our capabilities to stop them and [maintain] oil production."

iraq-businessnews.com

Tags: IRAQ, LUKOIL, OIL

Chronicle:

IRAQ REASSURES LUKOIL
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

IRAQ REASSURES LUKOIL
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

IRAQ REASSURES LUKOIL
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

IRAQ REASSURES LUKOIL
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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