Iraq’s Rumaila Oilfield Produced 3b Barrels

• Thursday, 22nd December 2016
• by Egypt Oil & Gas

The Rumaila Operating Organization (ROO), composed of BP, PetroChina and the South Oil Company of Iraq, announced that the Rumaila oilfield has produced 3b barrels of oil since the joint venture began operating in Jan...

Iraq Reached $3.6b Foreign Oil Investment Deal

• Sunday, 14th August 2016
• by Egypt Oil & Gas

Iraq has reached an agreement with British BP, Dutch Shell, and Russian Lukoil to restart stalled investment in oil fields the firms are developing, worth an estimated $3.6b, Reuters reported. Of the total amount,  BP...