International companies recently named by state oil officials and the ministry of oil in Baghdad as being involved in talks to develop the Kirkuk oil field have written to the Kurdistan Regional Government…
Iraqi and Exxon Mobil (NYSE: XOM) officials determined the No. 1 U.S. oil company will be paid in crude oil for the development of the country’s large Qurna-1 oil field. The deal came after protracted negotiations.
U.S. giant oil services firm Baker Hughes Inc. has joined BP PLC and Schlumberger Ltd. on separate talks with Iraq to more than double output from the country’s giant Kirkuk oil field in northern Iraq, an Iraqi oil industry figure said Monday.
A South Korean firm is reported to have given up working on an oil field in northern Iraq.
Production in Majnoun oil field will reach during the coming six years to 1,8 million b/d., according to deputy director of Southern Oil Company.