China’s CSCEC Seeks Expansion in Gulf Markets
The government of Iraq and the China State Construction Engineering Corporation (CSCEC) see a lot of opportunities for cooperation in oil projects.
The government of Iraq and the China State Construction Engineering Corporation (CSCEC) see a lot of opportunities for cooperation in oil projects.
Iraq and Dutch maritime services company Boskalis have reportedly reached a deal to build an offshore oil export installation.
The agreement will allow Iraq to export crude oil to and import petroleum products from Oman.
The West Qurna 1 oilfield has reached a production capacity of around 465,000 barrels per day (b/d), from a previous level of 440,000 b/d.
Gulf Keystone Petroleum has received $10.7 million for Shaikan crude oil sales.
Iraqi oil minister Thamer Ghadhban expressed his support for the output cut agreement by the Organization of the Petroleum Exporting Countries (OPEC) and its allies.
Iraq has selected Hyundai Engineering and Construction Company to construct a seawater injection facility.
Iraqi oil minister Thamer Ghadhban announced the end of the emergency state applied in the Majnoon oilfield because of floods.
Iraq plans to increase the production capacity of West Qurna 1 oilfield to 490,000 barrels per day (b/d) in the next few days, according to a senior official.
ExxonMobil evacuated its foreign staff which reached 60 people from Iraqi West Qurna 1 oilfield and moved them to the company’s Dubai offices.