ITOCHU Corporation, Nippon Steel Corporation, Taiheiyo Cement Corporation, Mitsubishi Heavy Industries (MHI), ITOCHU Oil Exploration Co., INPEX Corporation, and Taisei Corporation have joined forces to conduct a feasibility study on Japanese Advanced CCS Project.
A new government and oil minister in Baghdad have foreign investors optimistic that potentially transformative energy projects can now move ahead in Iraq.
Iraq s West Qurna-1: Pertamina To Join BOC In Taking Exxo mees.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mees.com Daily Mail and Mail on Sunday newspapers.
Dubai Iraq is in talks with ExxonMobil to take over its 32.7% stake in West Qurna 1, the country s oil minister said May 3, as the US major seeks to exit one of the world s largest oil fields with its expected recoverable reserves of over 20 billion barrels.
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Ihsan Ismaael disclosed the talks in a press conference in Baghdad broadcast by Qatari news channel Al Jazeera on May 3.
As a matter of practice, ExxonMobil does not comment on commercial discussions, a spokeswoman said.
The minister had previously said Iraq was in talks with potential unnamed US energy companies to take over ExxonMobil s stake. Other partners in West Qurna 1, where ExxonMobil is the main operator, are PetroChina (32.7%), Japan s Itochu (19.6%), Indonesia s Pertamina (10%) and Iraq s Oil Exploration Co. (5%).