NEW YORK: US energy giant ExxonMobil Corp has formally exited the West Qurna 1 oilfield in southern Iraq and handed ... PetroChina and Basra Oil Co on Monday at the West Qurna 1 field near Basra ...

West Qurna 1 is located around 65 kilometres from southern ... Qurna field. Originally West Qurna 1 was thought to have around 9 billion barrels of these reserves, but in 2021 Iraq’s Oil ...

Situated 50km northwest of Basra in southern Iraq, West Qurna ... eventually 1.2 million barrels,” he said. The developers of WQ-1 are paid a maximum of just $1.9 per barrel of oil produced ...

Chinese contractor China Huanqiu Contracting & Engineering Company Limited (HQC) has signed a contract to provide project management services for Iraq's West Qurna 1 oilfield. Located in Iraq’s ...

Lukoil confirms its plans to increase oil production in ... The recoverable reserves at the field are estimated at 13 billion barrels. West Qurna-2 is a field in southern Iraq, 65 km north-west ...

Russia’s oil major Lukoil hopes to agree on ... and half of the sum will be covered in May," he explained. The West Qurna 2 field in Southern Iraq is one of the largest across the globe, with ...