- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Iraq is about to sign a MoU with Chevron for oil exploration in Dhi Qar Governorate
24.8.2020
Two years ago, Chevron had begun talks with Iraq to explore oil in Dhi Qar province. These talks have recently resumed with officials of the Iraqi Oil Ministry.
In case of an agreement, the deal is expected to be announced days later during a scheduled visit to Washington by the new Iraqi Prime Minister Mustafa Al-Kazemi to meet with US President Trump.
The major American oil company seeks to exploit the collapse of oil prices this year to secure access in Iraq to “important and high-quality reserves” at a lower cost.
Iraq is the second largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.
According to updated estimates issued by BP, Iraq’s average production rate for the year 2019 is about 4.8 million barrels per day, while its proven reserves of oil on 1/1/2020 were about 145 billion barrels.
