Exxonmobil iraq news. Exxon may face Iraq sanctions, lose West Qurna.

Exxonmobil iraq news 06%) Sep 8, 2023 · More than two years after ExxonMobil notified Iraq of its desire to sell its 32. 9% of net sales): 5. V. Feb 23, 2022 · Basra, Iraq - February 23, 2022 . China's leading oil and gas producer, China National Petroleum Corporation (CNPC), officially took over from U. energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq's oil output at its southern fields, a milestone Mar 28, 2011 · As predicted, ExxonMobil and its Iraqi partners have reached "a major milestone" for oil production at the West Qurna oil field in southern Iraq, according to a report from UPI. oil giant ExxonMobil as the lead contractor for Iraq's West Qurna 1 oilfield on Monday. Turkish firm to build $90m pipeline in Iraq. Mar 24, 2021 · Schlumberger has won a $480-million contract to drill 96 oil wells in southern Iraq for the country’s Basra Oil Company and for ExxonMobil, which operates the giant West Qurna-1 field with partners from Iraq, Japan, Indonesia, and China. ExxonMobil finalizes deal to exit West Qurna 1 - Iraq Oil Report The American super-major will sell its last remaining upstream asset in Iraq to the state-run Basra Oil Company, resolving a years-long conflict over the terms of its exit. Jan 2, 2024 · Tags: China, Exxon, Exxon Mobil, ExxonMobil, featured, Iraq National Oil Company (INOC), Iraq Oil Exports News, Iraq Oil Production News, mn, United States, West Qurna Oilfield News Iraq to buy Exxon stake in West Qurna 1 Nov 11, 2023 · Shafaq News/ The Iraqi Ministry of Oil confirmed on Saturday the finalization of a settlement agreement with ExxonMobil, paving the way for the American energy giant's departure from the West Qurna 1 Apr 30, 2024 · Prior to his appointment, Taher was President of ExxonMobil Iraq and United Arab Emirates. Mar 28, 2011 · Exxon Mobil Corporation is an oil group organized around 3 areas of activity: - refining and distribution (76. com . e. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously Jan 6, 2022 · By John Lee. Newsroom Newsroom Exxon Mobil Corporation (XOM) $108. Find out about his known public assets. Jul 3, 2019 · A small news item last week reveals why ExxonMobil won’t go ahead with a $53 billion megaproject that could significantly boost Iraqi crude oil output. Internet Service Providers, Website Hosting & Internet-related Services · United Arab Emirates · <25 Employees. 6%, Pertamina 10% and Iraq Create the innovative energy solutions of tomorrow. Prior to his appointment, Taher was President of ExxonMobil Iraq and United Arab Emarites. In 2023, American oil giant ExxonMobil followed the lead of other major Western players Shell Apr 11, 2011 · Halliburton (NYSE: HAL) has been awarded a contract by ExxonMobil Iraq Limited (EMIL) to provide drilling services for 15 wells in the West Qurna (Phase I) oil field located in Southern Iraq. Iraq’s cabinet on 3 September announced a settlement that is “final Feb 27, 2024 · ExxonMobil exits Iraq's West Qurna 1 oilfield; PetroChina takes over, highlighting a shift towards Chinese investment in Iraq's energy sector. Senior officials from the Iraqi oil industry and executives from Exxon, PetroChina, and Basra Oil Company (BOC) convened at the West Qurna 1 field near Basra to formalise Jan 3, 2024 · The move officially ends ExxonMobil’s current operations in Iraq’s energy industry. It is a direct descendant of John D. , a Royal Dutch Shell affi Nov 13, 2023 · ExxonMobil said in a statement that "ExxonMobil Iraq as signed certain agreements with Basra Oil Company allowing for the transfer of its 22. Nov 22, 2011 · US supermajor declines to comment on signing Kurdish PSCs. The Demise of ExxonMobil in the Iraqi Petroleum Sector. (BOC), while Indonesia's state-owned Pertamina bought the remaining By John Lee. President, Exxonmobil & Uae (Iraq) at ExxonMobil ExxonMobil has added information to its read more company news. energy giant ExxonMobil's (XOM. In 2023, the Iraqi authorities approved an agreement to transfer ExxonMobil’s 22. ” This would double the Indonesian state firm’s WQ-1 stake to 20%: the prior stakes in the 470,000 b/d capacity field were Exxon 32. Iraq's 7 Million bpd Oil Production Goal Draws Swift Response from Chinese Firms The recent reiteration by Iraq Oil Ministry of a 7 million barrels per day (bpd) oil production […] Tamer Hamid. Mar 25, 2021 · Iraq'i government announced that the world's largest oil services company Schlumberger won a $480 million deal to drill 96 oil wells in southern Iraq for the country's Basra Oil Co. The event, attended by the Ministry's Deputy for Extraction Affairs Basim Mohammed Khudair, marked the transfer of management responsibilities to China's PetroChina, ExxonMobil in Abu Dhabi – timeline Abu Dhabi plays a vital role in supplying the world’s growing energy needs. 7% stake in the West Qurna-1 (WQ-1) oilfield (MEES, 23 April 2021), Iraq’s government has finally approved a “settlement agreement” reached between the firm and Basrah Oil Company (BOC). Talks advance for Exxon to exit West Qurna 1 - Iraq Oil Report ExxonMobil is aiming to sell its stake to two buyers, Pertamina and Iraq’s state-run BOC, leaving PetroChina to take over as operator. Exploration & Production, Iraq, NEWS, PetroChina ExxonMobil. has officially exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the lead contractor. 96 million Engineering, Procurement, Construction and Commissioning (EPCC) contract by ExxonMobil Iraq for a crude oil processing project in the West Qurna 1 oil field. May 10, 2021 · Iraq has formally asked to buy US energy giant ExxonMobil’s share in one of Iraq’s biggest oilfields, West Qurna 1, the head of the state-run oil operating company said on Monday. 7%; Itochu 19. and Exxon Mobil. May 9 2024. 4 days ago · Calpine, ExxonMobil sign CO 2 transportation and storage agreement for power generation project. The company is based in Iraq. energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq's oil output at its southern fields, a milestone in the company's ambitions to Jan 7, 2022 · In 2010, ExxonMobil was awarded a contract by Iraq to develop the West Qurna 1 oilfield. However, Mohammed stated that the government was open to inviting ExxonMobil to develop future energy projects. West Qurna-1 is one of the world’s largest oil fields. Jan 1, 2024 · Last year, Iraq signed a sale agreement to acquire 22. Iraq, a nation of approximately 43 million people straddling the historic Tigris and Euphrates rivers, plays a crucial role in Middle Eastern geopolitics ExxonMobil | 3,302,009 followers on LinkedIn. 5, as Exxon Mobil Corporation — американская компания, одна из крупнейших нефтяных компаний в мире [2], одна из крупнейших корпораций в мире по размеру рыночной капитализации (330 млрд долларов на февраль 2019 года). Aug 19, 2019 · By Ahmed Mousa Jiyad. The subsequent holding in the field are: PetroChina 32. and Oil Exploration Company of Iraq, announced today a major production milestone in the redevelopment of the West Qurna I oil field in Southern Iraq. irritated, and Iraq's oil industry still unable to achieve any of its key Mar 13, 2011 · Fluor will carry out EPCM work at the West Qurna oil field near Basra. Representatives of PetroChina and Basra Oil Company attend a ceremony to take over operatorship of the West Qurna 1 oil field from ExxonMobil on Jan. ExxonMobil signed agreements on Thursday with PetroChina for a 25 percent participating interest in the West Qurna I project in Iraq, and with Indonesia's Pertamina for a 10 percent participating interest in West Qurna I. Jan 9, 2024 · Iraq's second-largest oil field has a new operator as ExxonMobil moves forward with an agreement to exit the project. Halliburton will provide on-site logistics and technical support for both rigless and rig-assisted workovers. com. 1%): primarily oils, aromas, alcohols, ethylene, elastomers, propylene, and polymers (19. Feb 7, 2022 · China Petroleum Engineering & Construction Corporation (CPECC) said last week that has been awarded a $315. DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company's acquisition of ExxonMobil's remaining 32 percent interest in the Baeshiqa license, doubling DNO's stake. A recent announcement by the Ministry of Oil (MoO) confirms months of speculation regarding ExxonMobil exiting one of the world’s super-giant oilfields, i. digitGaps report on ExxonMobil Iraq Limited delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and On January 1, local time, China National Petroleum Corporation (CNPC) officially took over from U. Calpine plans to produce ~500 megawatts of reliable low-carbon electricity, enough to power more than 500,000 homes. Jan 2, 2024 · Tags: China, Exxon, Exxon Mobil, ExxonMobil, featured, Iraq National Oil Company (INOC), Iraq Oil Exports News, Iraq Oil Production News, mn, United States, West Qurna Oilfield News Iraq to buy Exxon stake in West Qurna 1 ExxonMobil Iraq Limited engages in the rehabilitation and redevelopment of the West Qurna I oil field in Southern Iraq. ExxonMobil to transport and store up to 2 million metric tons per year of CO 2 from Calpine’s natural gas power generation facility. The Iraqi Ministry of Oil has received approval from the Ministerial Energy Council (Recommendation 23067/T) for a final settlement with ExxonMobil. Jan 10, 2024 · The American oil company has finally abandoned the West Qurna 1 project in southern Iraq, transferring operational functions at one of the world’s largest oil fields to PetroChina. The Stay up to date with the latest news releases and publications from around the globe. ExxonMobil announced field production at West Qurna-1 rose from 244,000 barrels of oil per day to 285,000 bpd under the terms of its technical services Find company research, competitor information, contact details & financial data for EXXON MOBIL IRAQ LIMITED of Basra. 57 $-0. Our engineering group works across all facets of our business—whether it's providing technical expertise to our downstream and chemical business, or supporting our upstream business. energy giant Exxon Mobil Corp , opens new tab to finalise its exit from the West Qurna 1 oilfield and allow Jan 2, 2024 · ExxonMobil eyes stake sale in giant Iraq oilfield. , a Royal Dutch Shell affiliate (15% interest) Feb 12, 2015 · By John Lee. Jan 25, 2010 · IRVING, Texas--(BUSINESS WIRE)-- Exxon Mobil Corporation (NYSE:XOM) today announced that its affiliate ExxonMobil Iraq Limited signed an agreement with the Iraq Ministry of Oil to redevelop and expand the West Qurna-1 field in southern Iraq. Halliburton has been awarded a contract by ExxonMobil Iraq Limited (EMIL) to provide drilling services for 15 wells in the West Qurna (Phase I) oil field located in Southern Iraq. In 2023, Iraqi state-owned energy company Basra Oil Company acquired 22% of ExxonMobil’s equity in the West Qurna 1 field, with Indonesia’s state-owned energy giant taking the remaining 10%, increasing its stake in the field to 20%. r. Mar 28, 2011 · ExxonMobil subsidiary Exxon Mobil Iraq Limited (60% interest) is the lead contractor working with the South Oil Company of Iraq to redevelop and expand the West Qurna I field along with the Oil Exploration Company of Iraq (25% interest) and Shell West Qurna B. 102-81-27721: ExxonMobil Kurdistan Region of Iraq Limited: 162107B: ExxonMobil Limited: 10654501032: ExxonMobil LNG Market Latest news on Iraq, providing comprehensive coverage of politics, security, oil industry, Kurdistan region, reconstruction efforts, and developments across Mesopotamia's ancient heartland. . Fluor to perform early works in Iraq for Exxon. Jan 1, 2024 · Last year, Iraq signed a sale agreement to acquire 22. Dec 16, 2013 · EID Insaat expected to complete 120km project in one year. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Infrastructure. Addressing media after Wednesday's cabinet meeting, Minister of Communications Arkan Al-Shaibani (pictured) said the cabinet also allocated an initial payment of Jan 5, 2022 · The Iraqi National Oil Co. ExxonMobil, iraq, NEWS, oil, Pipeline, Projects. Mar 4, 2011 · Reuters reports that ExxonMobil is expected to raise production at Iraq's West Qurna I oilfield by 10 percent over the agreed baseline this month or in early April. Nov 11, 2023 · BASRA, Iraq, Nov 11 (Reuters) - Iraq has signed a settlement agreement with U. The need for energy is universal. Any prospective replacement may eye a gas-related tie-in with neighboring Bina Bawi. Nov 10, 2023 · Breaking news and analysis on energy, politics, security and life in Iraq. The Iraqi cabinet has agreed to allow the Basra Oil Company (BOC) to take over ExxonMobil's holding in the West Qurna 1 oilfield, at a price of up to $350 million. Official distributor of ExxonMobil products in the ExxonMobil in Abu Dhabi – timeline Abu Dhabi plays a vital role in supplying the world’s growing energy needs. ’s acquisition of Exxon’s interest in the West Qurna 1 oil field. Just weeks ago, U. Iraq’s Basra Oil Acquires ExxonMobil’s Stake in West Qurna 1 Iraq News 2022-01-05 00:00:00 Iraq acquires ExxonMobil share in West Qurna field INA 975 days ago Feb 9, 2023 · Breaking news and analysis on energy, politics, security and life in Iraq. For seasoned Iraq-watchers, this bears President at ExxonMobil Iraq Ltd. 7% share in the West Qurna-1 project to the state-owned Basra Oil company. Projects and Tenders. , Discover Taher Hamid's known position history, network and 0 relationships. The company was among the first western oil explorers to enter Iraq as the country intended to redevelop Nov 13, 2023 · Iraq finalizes Exxon Mobil's West Qurna 1 exit, appoints Petrochina as lead, with unresolved tax issues pending further talks. Exploration & Production, ExxonMobil, Fluor, Iraq, NEWS, Onshore, West Qurna (Phase I) field near Basra. , over the US oil major s stalled attempt to sell its stake in the giant West Qurna 1 oil field. Exxon expects to tender later this year to drill new wells in the supergiant Mar 28, 2011 · Field Production Increased to 285,000 Barrels Per Day, Exceeding Target BASRA, Iraq--(BUSINESS WIRE)-- ExxonMobil Iraq Limited, together with the South Oil Company of Iraq and co-venturers Shell West Qurna B. Get the latest business insights from Dun & Bradstreet. on Monday at the West Qurna 1 field near Basra. Name: ExxonMobil Based in: United States ExxonMobil is an American multinational oil and gas corporation headquartered in Irving, Texas, and the largest of the world's 'supermajors'. That&#39;s why ExxonMobil scientists and engineers are pioneering new research and pursuing new technologies to Jan 3, 2024 · Iraq’s national oil company acquired 22% of ExxonMobil’s stake, while the latter purchased 10%. Follow us on Facebook Follow us on Instagram Follow us on Welcome to the Jungle. Taher Hamid is the President of ExxonMobil Iraq and United Arab Emirates. Hamid earned a Bachelor of Arts degree in geology and international business from Augustana College in 1993 and a Master’s degree in geology from the University of Iowa in 1995. Rockefeller's Standard Oil company, and was formed by the merger of Exxon and Mobil. “I’m thrilled to take on this new and exciting challenge in Qatar,” said Taher. 75-2606778: EXXONMOBIL KAZAKHSTAN INC. N) and its partner Royal Dutch Shell (RDSa. Oct 15, 2010 · Halliburton (NYSE: HAL) has been awarded a wellwork integrated services contract by ExxonMobil Iraq Ltd. Located about 50 kilometers northwest of Basra, the oilfield is one of Iraq's largest. West Qurna 1 (WQ1). ExxonMobil's departure from Iraq's West Qurna 1: A shift in global energy dynamics. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A Peshmerga commander told BasNews that the extremist group was forced back from the area, including the key villages of Wardik May 10, 2021 · Iraq has formally asked to buy U. May 24, 2011 · ExxonMobil Iraq Vice President James Adams along with other ExxonMobil and Iraqi Oil Ministry officials at an April 26, 2011 ceremony in Basra. Apr 15, 2025 · By Simon Watkins for the OilPrice. President ExxonMobil Iraq and UAE. A decade later ExxonMobil has quietly packed its bags and quit its last remaining asset, Pirmam, without producing a drop from any of the six blocks it picked up. will acquire ExxonMobil s stake in the West Qurna 1 oil field, following the government s approval of the takeover, oil minister Ihsan Ismaael said in a statement Jan. 7% of ExxonMobil’s stake in West Qurna 1. (ALI ABU IRAQ/Iraq Oil Report) Ben Lando of Iraq Oil Report Mar 28, 2023 · The registered office for the ExxonMobil in Prague: ExxonMobil Czech Republic, s. However, the company is still pondering over these projects. ExxonMobil, Iraq, Market Watch, NEWS, Onshore. Apr 29, 2022 · The US supermajor’s bold 2011 Iraqi Kurdistan entry sent shockwaves through Iraq. Business. At any rate, with its exit, ExxonMobil will no longer have a presence in the energy industry in Sep 5, 2022 · By Ahmed Mousa Jiyad. Halliburton will provide a complete range of well construction services utilizing three drilling rigs to safely deliver the wells. Other services provided by Halliburton include provision of a workover rig, coiled Mar 30, 2011 · ExxonMobil Iraq Limited, together with the South Oil Company of Iraq and co-venturers Shell West Qurna B. Jan 3, 2024 · In a significant shift in the landscape of Iraq’s oil industry, ExxonMobil has officially withdrawn from the West Qurna 1 oilfield in southern Iraq, handing over operations to PetroChina, Reuters reports, citing information from Iraq’s deputy oil minister. Nov 29, 2013 · By John Lee. Jun 24, 2022 · ExxonMobil was reportedly asking $350 million for the stake, according to the UK-based Arabic news service Shafaq. 7%, Japan’s Itochu 19. With its industry-leading technical expertise, ExxonMobil is committed to the application of the technologies that will help Upper Zakum meet this challenge. Reception: +420 296 677 473 PR: GBC. 7%, Chinese state firm CNPC 32. Born in Yemen and raised in the United States, Mr. Iraq plans to increase the production capacity of West Qurna-1 oilfield, which is operated by ExxonMobil. When asked when Exxon would hit its initial production target in West Qurna, Abdul-Mahdy al-Ameedi, head of the Oil Ministry's licensing and contracting office, told Reuters,"God willing, during this month or start of April". There are currently no US oil companies extracting oil in Iraq. ExxonMobil Iraq Limited operates as a subsidiary of Exxon Mobil Corporation. Jan 2, 2024 · US energy giant ExxonMobil Corp. L) have not been affected by a delay in the formation of Iraq's new government, and work on their West Qurna Phase One project is moving ahead, an Exxon executive said on Monday. 7% interest in West Qurna 1 to Basra Oil Company which Google News On 1st January 2024, PetroChina took over from ExxonMobil as main operator, following ExxonMobil's divestment of its remain interest in the field to Basra Oil Company (BOC) and Pertamina. Jul 21, 2010 · ExxonMobil (XOM. REUTERS. ExxonMobil, one of the world’s largest publicly traded energy providers and chemical manufacturers, develops and applies next-generation technologies to help safely and responsibly meet the world’s growing needs for energy and high-quality chemical products. o. Luxembourg Plaza Přemyslovská 2845/43 13000 Praha 3. Aug 4, 2021 · By John Lee. The transfer has been approved by the South Oil Jan 9, 2024 · CNPC then tried to take up the CSSP where ExxonMobil had left off – as part of a broad-based set of deals with Iraq that gave China huge discounts on oil and gas produced, as also analysed in ExxonMobil Iraq. 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 Jan 25, 2010 · Exxon Mobil Corporation announced that its affiliate ExxonMobil Iraq Limited signed an agreement with the Iraq Ministry of Oil to redevelop and expand the West Qurna-1 field in southern Iraq. The handover was marked by a meeting between senior Iraqi oil officials and executives from ExxonMobil, PetroChina, and Basra Oil Co. Nov 13, 2023 · Additionally, Iraq and ExxonMobil have arranged a “sale agreement” to process state-run Basra Oil Co. ) sold per day in 2024; - petrochemical (12. Published 2 January 2024, 10:17 we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the Learn about our supplier’s collaboration portal, which provides suppliers with access to collaborate with us, view invoices, report issues, & submit requests. Jun 21, 2019 · BASRA, Iraq/BAGHDAD (Reuters) - Just weeks ago, U. 7 percent stake in the West Qurna 1 oil field is likely to leave China delighted, the U. This settlement, known as the "Settlement Agreement," resolves longstanding disputes arising from the service contract for the West Qurna oilfield project between Basra Oil Company (BOC) and US-based oil giant. Jan 3, 2024 · ExxonMobil (XOM) formally exits West Qurna 1 oilfield, handing over operations to PetroChina to shape the future of Iraq's oil industry. of Qatar was registered in 1955, but the company didn’t boom until the 1980s. 6%; Pertamina 20%; and Oil Exploration Company 5%. Jan 2, 2024 · Iraq and PetroChina plan to boost production to 600,000 bpd at the end of 2024, the report said, adding Exxon will have no presence in Iraq’s energy sector following its exit from West Qurna 1. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil and the “Odious Contract’ Trap” with ExxonMobil’ Consortium Talks have intensified recently about the continuation of negotiations between the Ministry of Oil (MoO) and ExxonMobil/CNPC consortium that might Mar 21, 2023 · ExxonMobil continues portfolio transformation with its latest divestment in Iraq Jan 6, 2025 · Writing in Oil Price, Simon Watkins that the recent approval of the Iraqi National Oil Company (INOC)'s acquisition of ExxonMobil's 32. May 1, 2024 · Today, Exxon Mobil Corporation is one of the largest publicly traded international oil and gas companies and holds an industry-leading inventory of resources. “I’m thrilled to take on this new and exciting challenge in Qatar,” said Taher Hamid. (EMIL) commissioned BL Energy and AWI’s “One Team Approach” for the engineering, procurement, and construction up to commissioning support of MOTD 2 at Degassing Station 6 (DS6), West Qurna 1, Basra, Iraq. Products & Services. As the only oil & gas company that’s fully integrated, opportunities are limitless. for refurbishment of wells in the West Qurna (Phase 1) field in southern Iraq. Read All. S. and Oil Exploration Company of Iraq, announced Monday the “major production milestone” of 285,000 barrels per day (bpd) from 244,000 bpd at the redevelopment of the West Qurna I oil field in Southern Iraq. 7% of ExxonMobil's stake in West Qurna 1 by Iraq's state-run Basra Oil Co. N) share in one of Iraq's biggest oilfields, West Qurna 1, the head of the state-run oil operating company said on Monday. 06 (-0. Joe Rainey, president of Halliburton's Eastern Nov 24, 2011 · Dr Hussain al-Sharistani, Iraq’s deputy prime minister responsible for energy, told reporters in London that Baghdad is considering its action against ExxonMobil for "breaching the law" by entering into an exploration agreement with the Kurdistan Regional Government (KRG): "ExxonMobil has written to the Iraqi Government about this, and they have received the response from the […]. The Demise of ExxonMobil in the Iraqi Petroleum Sector A recent announcement by the Ministry of Oil (MoO) confirms months of speculation regarding ExxonMobil exiting one of the world's super-giant oilfields, i. ExxonMobil Iraq Limited (60% interest) is the lead contractor working with the South Oil Company of Iraq to redevelop and expand the West Qurna I field along with the Oil Exploration Company of Iraq (25% interest) and Shell West Qurna B. Iraq and PetroChina plan to boost production to 600,000 bpd at the end of 2024, the head Apr 15, 2025 · Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Project. 3 Mt sold in 2024) for the Jan 1, 2024 · Representatives attend a handover ceremony in Basra, Iraq, on Jan. ExxonMobil Iraq Services Limited: 158840B: ExxonMobil Japan Godo Kaisha: 901040300-9356: ExxonMobil Kazakhstan Exploration and Production Inc. Jan 2, 2024 · By John Lee. Communication@exxonmobil. Dec 26, 2017 · In a bid to boost production from its southern fields, Iraq wants to award ExxonMobil (XOM) multibillion-dollar projects. Under the patronage of Oil Minister Hayyan Abdul Ghani, Basra Oil Company (BOC) organized a ceremony for the handover of the main operator role for the West Qurna 1 oilfield. oil giant ExxonMobil as the lead contractor of the West Qurna-1 oilfield in Iraq, with the handover ceremony held on the site of the oilfield in Basra. Exxon may face Iraq sanctions, lose West Qurna. 4 million barrels of oil products (diesel fuel, gasoline, fuel oil, lubricants, motor oils, etc. May 1, 2024 · Taher succeeds Dominic Genetti, who will now serve as Senior Vice President for Carbon Capture and Storage business in ExxonMobil Low Carbon Solutions. Apr 29, 2021 · Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Petrochina enters as ExxonMobil exits from Iraq's West Qurna 1. Mobil Oil Co. American giant ExxonMobil has confirmed to MEES that “ExxonMobil Iraq Limited (EMIL) reached an agreement with Pertamina to sell 10% of EMIL’s interest in West Qurna I [WQ-1]. 1, 2024. 120,514B: ExxonMobil Korea Inc. US OIL MAJORS’ WITHDRAWAL FROM IRAQ. Exploration & Production, Iraq, NEWS, OPEC. ExxonMobil retains 25 percent interest and remains lead contractor. Jul 26, 2021 · ExxonMobil has filed an arbitration case against Iraq s state owned Basra Oil Co. ExxonMobil Iraq Ltd. Mar 31, 2011 · ExxonMobil subsidiary Exxon Mobil Iraq Limited (60% interest) is the lead contractor working with the South Oil Company of Iraq to redevelop and expand the West Qurna I field along with the Oil Exploration Company of Iraq (25% interest) and Shell West Qurna B. 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 Jan 2, 2024 · ExxonMobil has officially exited the West Qurna 1 oilfield in southern Iraq and transferred operations to PetroChina, reported Reuters, citing Iraq’s deputy oil minister. , a Royal Dutch Shell affiliate (15% interest). Prague. Islamic State (IS, ISIS, ISIL) militants have attacked Peshmerga forces on the Khazir frontline, north of Mosul, with the aim of seizing equipment and machinery belonging to US oil company ExxonMobil. 7%; Basra Oil Company (BOC) 22. Abdul Jabbar said, “Iraq will buy the largest share” of Exxon’s stake while “a company operating in the oil field will buy the rest," Shafaq reported. Fields in Iraq: Granted by the Ministry of By Ahmed Mousa Jiyad. Exxon Mobil Corporation affiliates have had a relationship with Qatar since 1935. uwh rtv fyx udr axhl wefcjm qkhnrd vbohtb azkapv hsmh pnqpt skbg ocajem uuzk kssd