Iraqi Oil Ministry, Petronas and Japex initial oil deal for Garraf, sent to Council of Ministers for approval.
Iraq begins Sunday and ends Dec. 30 with initialing of the oil contracts awarded Dec. 11 and 12, to be sent to the Council of Ministers.
Representatives of the two oil companies initialed a contract with the Iraqi Oil Ministry Sunday, though now begins the longer process of Council of Ministers approval.
One of the few mobile phone monopolies in Iraq has surprised consumers by cutting off outgoing calls of more than a million users.
Thanks to two oil auctions, within eight years Iraq may eclipse Saudi Arabia to become the largest oil producer in the world. Many obstacles, however, remain.
A breakdown of the expected oil production from the 10 fields Iraq awarded for development to foreign oil companies since June 30.
Here's the field by field recap of winners, losers and details of the fields international companies now have deals to develop.
A look from Japan into the risk and reward of Japex and Nippon's move toward Iraqi oil wealth.
Lukoil is returning to Iraq's West Qurna oil field, which it had a previous contract for developing under Saddam Hussein.
Sonangol, the sole bidder, takes Najmah oil field for a $6 per barrel remuneration fee and a production target of 110,000 barrels per day. The Najmah field is located in Nineveh province, in between Mosul and Baiji. It was discovered in 1934 and has 33 wells drilled thus far with an estimated 900 million barrels […]
