Iraq, holder of the world’s fifth- largest crude oil reserves, is pumping more than 2.8 million barrels a day after production started at the Al-Ahdab oil field, Iraq Oil Minister Abdul Kareem al-Luaibi said. State-run China National Petroleum Corp. won a $3.5 billion development contract for Al-Ahdab in November 2008 bidding for Iraq Oil License. [...]
Iraq awarded gasoline and gasoil supply contracts for the first half of the year as the holder of the world’s fifth-largest crude reserves seeks fuel to meet domestic demand, four people involved in the transaction said.
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 [...]
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, [...]