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West Qurna (Arabic: غرب قرنة) is one of Iraq's largest oil fields, located north of Rumaila field, 65 km northwest of Basra. West Qurna is believed to hold 43 billion barrels (6.8 × 10 ^ 9 m 3) of recoverable reserves – making it one of the biggest oil fields in the world. [1] Until 2009, the field was closed to Western firms. [2]
Al-Qurna District (Arabic: قضاء القرنة) is a district of Basra Governorate, Iraq. Its seat is the town of Al-Qurna. The West Qurna Field is located in the district. The Iraqi marsh lands, which are known as the Garden of Eden, surround this area in the lower part of the Mesopotamian basin.
Al-Qurnah (Kurnah or Qurna, meaning connection/joint in Arabic) is a town in southern Iraq about 74 km northwest of Basra, that lies within the conglomeration of Nahairat. Qurna is located at the confluence point of the Tigris and Euphrates rivers to form the Shatt al-Arab waterway. [ 2 ]
Russia's Lukoil now produces some 480,000 barrels per day of oil at Iraq's southern West Qurna 2 oilfield, while Russia's Gazprom Neft , the oil arm of the gas giant Gazprom, is involved in the ...
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On June 30 and December 11, 2009, the Iraqi Ministry of Oil awarded contracts to international oil companies for some of Iraq's many oil fields. The winning oil companies entered joint ventures with the Iraqi Ministry of Oil, and the terms of the awarded contracts include extraction of oil for a fixed gain of $1.40 per barrel for the oil companies with the remainder going to Iraq.
The Rumaila oil field is a super-giant oil field [1] located in southern Iraq, approximately 50km to the south west of Basra City. [2] Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), [3] [4] [5] the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves, estimated at 143 billion barrels.