Middle East / Africa
Country summary: Iraq
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Iraq - recent news
|14 Nov 23
||Iraq: Genel Energy announces trading and operations update
Genel Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2023. Tawke is now cash generative from local sales, and monthly spend across the business is set to reduce further once Genel has exited the Sarta licence and completed Somaliland civil works.
|13 Nov 23
||Iraq: PetroChina to replace Exxon as lead contractor for Iraq's West Qurna 1 oil field
Iraq has signed a settlement agreement with U.S. energy giant Exxon Mobil to finalise its exit from the West Qurna 1 oil field and allow PetroChina to become the field's lead contractor, a senior Iraqi oil executive said on Saturday, according to a Reuters report.
|09 Nov 23
||Iraq: Genel Energy provides update on Tawke PSC
Genel Energy notes that DNO, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity.
|02 Nov 23
||Iraq: LUKOIL signs supplementary agreement on the development of the West Qurna-2 project in Iraq
LUKOIL and Basra Oil Company signed a Supplementary Agreement to the contract on the development and production of oil at the West Qurna-2 field. West Qurna-2 delivers 9% of Iraqi total oil production.
|02 Aug 23
||Genel Energy announces unaudited results for the six months ended 30 June 2023
Genel Energy has announced its unaudited results for the six months ended 30 June 2023. The prolonged closure of the Iraq-Türkiye pipeline has materially impacted production, which averaged 13,440 bopd in H1 (H1 2022: 30,420)
Iraq - more news