Qurna

Analysis: Ending the ExxonMobil Presence at West Qurna 1

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ending ExxonMobil Presence in WQ1 Oilfield Legal-Contractual Discussion with Economic-Financial Analysis Information indicates that the Iraqi Ministry of Oil (MoO) proposed to acquire (buy) ExxonMobil’s participation interest (PI) in the West Qurna […]

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Iraqinews September 6, 2022

Amarinth delivers Pumps to West Qurna-2

By John Lee. UK-based Amarinth has reportedly delivered pumps worth £1.2 million to the West Qurna-2 expansion project. According to World Pumps, the first order was from Italy’s Cannon Artes, and was for seven super duplex API 610 OH1 pumps. The second order, from SICIM (also from Italy), was for three super duplex API 610 […]

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Iraqinews August 25, 2022

Pertamina to Increase Holding in West Qurna 1

By John Lee. Pertamina, the Indonesian state-owned energy company, will reportedly buy an additional 10 percent stake in the West Qurna 1 oilfield from ExxonMobil. The Deputy Director-General of the Basra Oil Company (BOC), Hassan Muhammad Hassan, told the official Iraqi News Agency (INA) that the agrreement, “is subject to the signing of the settlement […]

The post Pertamina to Increase Holding in West Qurna 1 first appeared on Iraq Business News.

Iraqinews August 5, 2022