Total Will Shift Focus from Iraq to Kurdistan | Iraq Oil.
Total S.A. has become the latest big oil company to shift the focus of its Iraq ambitions toward semi-autonomous Kurdistan.
Total S.A. has become the latest big oil company to shift the focus of its Iraq ambitions toward semi-autonomous Kurdistan.
French oil major Total SA has become the latest big oil company to shift the focus of its Iraq ambitions toward the semi-autonomous Kurdistan region, and away from the much larger but economically challenging contracts offered by Baghdad.
This is a significant step towards Iraq’s planned increase in crude exports. This first phase of the expansion is intended to increase the country’s crude oil export capacity by 1.8 million barrels per day (MMBPD) of additional production. A further…
Iraq has opened a new crude oil terminal in Basra that aims to increase the province’s export capacity by about 300,000 barrels per day.
Leighton Holdings , Australia’s top contractor, has alerted the Australian Federal Police to possible bribery by a subsidiary pressing for work to expand Iraq’s oil export facilities, the company said on Monday.