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 ...

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 ...

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 ...

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 ...