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Iraq considering buying Exxon stake in West Qurna 1 oilfield | Hellenic Shipping News Worldwide

Iraq is considering buying ExxonMobil’s stake in the southern West Qurna 1 oilfield through the state-owned Basra Oil Company, the country’s oil minister said on Monday. The oil ministry is discussing BOC “taking ownership of the Exxon stake in West Qurna 1 and leading the project, as happened with Majnoon,” Ihsan Abdul Jabbar told a .

Ihsan abdul jabbarAbdul jabbarMidland oil companyBasra oil companyBasra gas companyGas companyWest qurnaMidland oilSouth gas companyஇசன் அப்துல் ஜபார்அப்துல் ஜபார்மிட்லாண்ட் எண்ணெய் நிறுவனம்பாஸ்ரா எண்ணெய் நிறுவனம்பாஸ்ரா வாயு நிறுவனம்வாயு நிறுவனம்மிட்லாண்ட் எண்ணெய்

Iraq Considering Buying Exxon Stake in West Qurna 1 Oilfield

Tuesday, 4 May, 2021 - 05:15 Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. (Reuters) Asharq Al-Awsat Iraq is considering buying ExxonMobil s stake in the southern West Qurna 1 oilfield through state-owned Basra Oil Co (BOC), the country s oil minister said on Monday. The oil ministry is discussing BOC taking ownership of the Exxon stake in West Qurna 1 and leading the project, as happened with Majnoon, Ihsan Abdul Jabbar told a news conference, referring to the huge Majnoon oilfield in Iraq s south. Iraq said last month that ExxonMobil was seeking to sell its 32.7% stake in the West Qurna 1 field, and that the oil ministry had started discussions with US oil companies over a possible purchase.

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Iraq oil minister: Prices will not drop to under $65 per barrel

Iraq oil minister: Prices will not drop to under $65 per barrel Malcolm Mayes (R), managing director of the Basra Gas Company (BGC), and Iraq s oil minister Ihsan Abdul Jabbar (L) attend the inauguration of a new gas compressor station in the Rumaylah oil field near Iraq s southern port city of Basra on February 28, 2021 [HUSSEIN FALEH/AFP via Getty Images] May 4, 2021 at 9:07 am Iraq s Oil Minister Ihsan Abdul Jabbar Ismail yesterday said he does not expect oil prices to drop below $65 a barrel and that lower oil prices should not be a concern after OPEC+ eases production cuts from May. Iraq has been severely affected by the drop in crude oil prices over the past two years due to the coronavirus pandemic.

Saudi arabiaIhsan abdul jabbar ismailIraq oilTerms of serviceMidland oil companyOil minister ihsan abdul jabbar ismailMidland oilMiddle east monitorGoogle privacy policyசவுதி அரேபியாஇசன் அப்துல் ஜபார் இஸ்மாயில்இராக் எண்ணெய்விதிமுறை ஆஃப் சேவைமிட்லாண்ட் எண்ணெய் நிறுவனம்எண்ணெய் அமைச்சர் இசன் அப்துல் ஜபார் இஸ்மாயில்மிட்லாண்ட் எண்ணெய்

Iraq considering buying Exxon stake in West Qurna 1 oilfield - oil minister

Source: Reuters The oil ministry is discussing BOC “taking ownership of the Exxon stake in West Qurna 1 and leading the project, as happened with Majnoon,” Ihsan Abdul Jabbar told a news conference, referring to the huge Majnoon oilfield in Iraq’s south. Iraq said last month that ExxonMobil was seeking to sell its 32.7% stake in the West Qurna 1 field, and that the oil ministry had started discussions with U.S. oil companies over a possible purchase. ExxonMobil did not respond to a request for comment. Abdul Jabbar also said at the news conference that the development of Iraq’s Mansuriya gas field on the coast near the Iranian border is expected to cost $2.1 billion

Ihsan abdul jabbarAbdul jabbarMidland oil companyBasra oil companyBasra gas companyGas companyWest qurnaMidland oilSouth gas companyஇசன் அப்துல் ஜபார்அப்துல் ஜபார்மிட்லாண்ட் எண்ணெய் நிறுவனம்பாஸ்ரா எண்ணெய் நிறுவனம்பாஸ்ரா வாயு நிறுவனம்வாயு நிறுவனம்மிட்லாண்ட் எண்ணெய்