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2019-05-08 11:30:00

EXXON, PETROCHINA IN IRAQ: $53 BLN

EXXON, PETROCHINA IN IRAQ: $53 BLN

REUTERSIraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran.

Iraq expects to make $400 billion over the 30 years the deal will be in effect, the prime minister said.

The southern mega-project involves the development of the Nahr Bin Umar and Artawi oilfields and raising production from the two fields to 500,000 barrels per day (bpd) from around 125,000 bpd now, Abdul Mahdi said.

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Earlier:

LUKOIL WORKS FOR IRAQ
2019, April, 1, 11:15:00
LUKOIL WORKS FOR IRAQ
Mr. Abdul-Mahdi gave high appraisal of LUKOIL's operations in the country and expressed support for the intention to deliver first production at Eridu field ahead of time.
 
 
 IRAQ'S OIL DOUBLED
2019, January, 14, 11:50:00
IRAQ'S OIL DOUBLED
U.S. EIA - Crude oil production in Iraq averaged 4.5 million barrels per day (b/d) through August 2018, up from 4.4 million b/d in 2017. Iraq’s crude oil production has been steadily increasing since declines in the late 1990s and early 2000s, and it has nearly doubled over the past decade.
 
 IRAQ'S OIL PRODUCTION: 4.513 MBD
2019, January, 7, 09:50:00
IRAQ'S OIL PRODUCTION: 4.513 MBD
REUTERS - Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019.
 
 Iraq oil production 2018
2018, December, 5, 09:50:00
IRAQI OIL EXPORTS DOWN TO 3.372 MBD
PLATTS - Federal Iraq's crude oil exports fell to 3.372 million b/d in November, the lowest since April this year, as loadings were affected by rough weather, according to a statement from the oil ministry released over the weekend.
 
 IRAQ OIL EXPORTS: 4 MBD
2018, September, 3, 15:10:00
IRAQ OIL EXPORTS: 4 MBD
PLATTS - OPEC's second-largest producer, Iraq, boosted its southern crude oil exports to a new record high of 3.583 million b/d in August, according to the latest oil ministry data.
 
 IRAQI OIL PRODUCTION: 4.46 MBD
2018, August, 10, 10:20:00
IRAQI OIL PRODUCTION: 4.46 MBD
PLATTS - Iraqi crude oil production hit its highest in 13 months in July of 4.46 million b/d, the country's State Oil Marketing Organization said Thursday.
 
 LUKOIL FOR IRAQ: 800 TBD
2018, May, 14, 10:50:00
LUKOIL FOR IRAQ: 800 TBD
LUKOIL - LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels per day. According to the Plan, the oil production of 480 thousand barrels per day will be reached in 2020 and 800 thousand barrels per day is expected in 2025.

 

Tags: EXXON, MOBIL, PETROCHINA, IRAQ