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In 2007, Lukoil established a joint-venture with Gazprom and in 2008, established a joint-venture as well with Italian oil company Erg S.p.A. [13] In 2009, Lukoil and Norwegian oil company Statoil won a tender offer for the development of the West Qurna Field in Iraq. However, in early 2012, Statoil withdrew from the project, resulting in ...
In November 2009, an ExxonMobil - Shell joint venture won a $50 billion contract to develop the 9-billion-barrels (1.4 × 10 ^ 9 m 3) West Qurna Phase I. [1] As per Iraqi Oil Ministry estimates, the project required a $25 billion investment and another $25 billion in operating fees creating approximately 100,000 jobs in the underdeveloped southern region.
The economy of Iraq is dominated by the oil sector, ... The results of the tender, ... Lukoil: Russia Public 75.00% 1.3500 1.15
The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization founded in 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. It has since expanded to 12 ...
Iraq was the world's 5th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves. Just a fraction of Iraq's known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited.
In 2009, Russian energy companies Lukoil and Gazprom signed major oil contracts with Iraq. [14] [15] In 2018, Iraq received T-90 tanks from Russia. In 2020, Iraq reportedly considered the purchase of S-400 missile system from Russia but was discouraged from doing so by the prospect of incurring sanctions under CAATSA. [16]
This is a list of oil refineries.The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery.
Soyuzneftegaz received 25.5 million barrels (4.05 million cubic metres) in the Oil-for-Food Programme, [15] which allowed Iraq to export oil to some companies and then to resell it in the United States, Europe, and Asia. Most of the funds were reserved for humanitarian needs or infrastructure work in Iraq. [16]