Petrofac Wins Iraq Contracts Worth $110M
Petrofac has secured a new contract and multiple contract extensions worth a combined $110 million.
Petrofac has secured a new contract and multiple contract extensions worth a combined $110 million.
Shell has handed over its operations at the Manjoon oilfield in southern Iraq to the state-run Basra Oil Company.
Oil prices fell on June 21 as producers prepared to discuss the lifting of production cuts at the biannual OPEC meeting on June 22 in Vienna.
The Iranian oil minister has stated that a deal on oil output at the June 22 OPEC meeting in Vienna is unlikely, setting the stage for a clash with Russia and Saudi Arabia, who are pushing to curb the current prod ...
Saudi Arabia and Russia are reportedly seeking a 1.5 million barrel per day (b/d) increase in production from signee countries to the OPEC and non-OPEC agreement.
Production at Iraq’s Nasiriya oilfield will be expanded to 100,000 barrels per day (b/d) following a government vote.
Iraq’s Basra Oil Company and Dhi-Qar Oil Company have signed a memorandum of understanding with Chevron for studies and seismic surveys on oil activities in the country.
Iraqi oil minister Jabar al-Luaibi released a statement on June 11 in which he warned producers against being pressured to boost output levels, adding that unilateral decisions could collapse the OPEC and non-OPEC ...
Iraq's State Oil Marketing Organization (SOMO) has raised its oil selling price for July exports of Basra Light and Basra Heavy crude grades to Asia.
Iraq has begun deliveries of crude oil from Kirkuk to Iran, while Tehran will export a similar amount to Iraqi ports on its southern border.