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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 ]
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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 Majnoon oil field, in southern Iraq, is 60 kilometres (37 mi) long and 15 kilometres (9.3 mi) wide and holds about 13 billion barrels of oil. [30] In 2009, Shell contracted to operate 45 percent of the Majnoon field. [30] Shell was scheduled to cease operations in Majnoon in June 2018 in a handover to the state-owned Basra Oil Company. [31 ...
West Qurna Field, an oil field near Qurna, Iraq This page was last edited on 16 February 2020, at 11:31 (UTC). Text is available under the Creative Commons ...
Iraq is a country in Western Asia, bordered by Turkey to the north, Iran to the east, Kuwait to the southeast, Saudi Arabia to the south, Jordan to the southwest, and Syria to the west. Iraq's economy is dominated by the oil sector, which as 2021, provides about 92% of foreign exchange earnings. [ 1 ]