Iraq began auctioning contracts to develop its rich oil and gas fields Tuesday in an effort to raise more revenue to rebuild the war-torn country. A consortium of foreign companies including British Petroleum and China’s CNPC accepted a contract to expand production in the largest oil field on offer but other companies were asking for [...]
Iraq: Iraq’s deputy oil minister Abdul Kareem Luaibi has said that British Petroleum (BP) and partners are expected to meet an initial target of a 10% rise in output from the Rumaila oilfield by the end of November, Reuters has reported. Supergiant Rumaila, with 17 billion barrels in estimated crude reserves, is the workhorse of [...]
Construction of Hydrogen Power Abu Dhabi (HPAD), a joint venture between UAE-based Masdar and British Petroleum, will be delayed until the second quarter of the year, as partners have been unable to complete offtake and financing agreements, Meed has reported, citing sources close to the matter. Once completed, the world’s largest hydrogen power plant will [...]
by Faleh Al-Khayat, oil expert. This speech was a part of Occupation Year 7: What future for Iraq? , a series of events organized by The BRussells Tribunal, and took place in the European Parliament, 18 March 2009, in Brussels
Iraq: The Iraqi oil ministry will today sign the final contract over West al-Qarna-2 oilfield with Russia’s Lukoil and Norway’s Statoil, Aswat al-Iraq has reported. “The two companies pledged to up production to a peak of 1.8 million barrels per day at a rate of $1.15 per barrel of additional produced barrel,” oil ministry spokesman, [...]