Hayan Abdul-Ghani, the Iraqi Minister of Oil, had a meeting with a delegation from Chevron to discuss the energy sector in Iraq, particularly regarding the American company's interest in acquiring Lukoil's stake in the West Qurna 2 field. This field, which produces 480,000 barrels per day, accounts for nearly 10% of Iraq's total oil production and has recoverable reserves of over 13 billion barrels. The discussions come in the context of sanctions imposed by the US and the UK on Russian companies Lukoil and Rosneft, and the Iraqi government has recently intervened to pay the salaries of employees at West Qurna 2. Additionally, ExxonMobil has expressed interest in acquiring the majority stake held by Lukoil. These moves are essential for the Iraqi government's goal of increasing oil production to eight million barrels per day by 2027.
Sources
Latest News
15:21
The Competition Council has authorized the acquisition of Engie Building Solutions SRL by Specialized Services Holdings SA
15:15
Fitch has reconfirmed the rating of "BBB-" for Constanța, Bucharest, Oradea, Brașov, and Buzău. The rating is limited by Romania's rating.
15:12
Veterinary doctor from the 'Empire of Dogs' shelter in Suceava has been charged with the illegal killing of 662 dogs, without respecting the law.
15:00
Insurance company accused of violating religious freedom after requesting the removal of a Christian message from its vehicle.
14:59
The Ministry of Health announced the signing of 49 additional acts for the continuation of investments in health.
See more news