The move follows US oil giant’s pull-out from Chad in December Chad’s energy ministry has announced the nationalization of all the assets and rights that belonged to a subsidiary of US oil major ExxonMobil, including hydrocarbon permits as well as exploration and production permits, according to a Reuters report on …
Read More »Oil Minister: Iraq seeks to provide new investment opportunities in gas and clean energy sectors
Oil Minister Ihsan Abdul-Jabbar Ismail confirmed Iraq’s efforts to provide new investment opportunities in the gas and clean energy sectors. The media office of the Ministry of Oil said in a statement received by the Alghadeer News, that the Minister of Oil received the first vice manager of Exxon Mobil, …
Read More »Iraq formally asks to buy $350 million Exxon oilfield share
Iraq has formally asked to buy U.S. 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. Iraq said last month that Exxon was seeking to sell its 32.7% stake in West Qurna 1 and that …
Read More »Iraq close to pipeline deal with BP and Eni, rather than Exxon.
Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with U.S. energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations. Under the proposed $400 million agreement, British …
Read More »