Shell sells Iraq field stake to Itochu
Iraq Iraq West Qurna-1
The Iraqi Ministry of Oil has approved the sale, Ihsan Abdul Jabbar, the head of NOC Basra Oil, told Reuters. “We met with Itochu and discussed the required financial investments and operations at the field,” he added.
The field is operated by ExxonMobil with a 33% stake, with partners PetroChina (25%), Oil Exploration Company (12%) and Pertamina (10%).
Recent Posts
SkyPower Global in 1-GW deal with Zambia electric utility
SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More
Afentra acquisition of Azule assets approved in Angola
The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More
TotalEnergies, Vanguard Renewables to develop renewable natural gas
TotalEnergies has agreed with US player Vanguard Renewables to jointly develop renewable natural gas (RNG) in the USA, the French… Read More
Namibia: Sintana takes 67% in Giraffe, eyeing Orange Basin growth
Canadian exploration player Sintana Energy has expanded in Namibia’s Orange Basin with a deal to acquire up to 67% in… Read More
AD Ports Group secures 20-year concession in Luanda
The UAE’s AD Ports Group has signed a concession agreement to operate and upgrade Angola’s multipurpose Luanda Port, the Emirati… Read More
Trident Energy strikes triple deal for Congolese assets
UK-based Trident Energy has signed agreements with Chevron Corporation and TotalEnergies to obtain working interests in the Moho-Bilondo, Nkossa, Nsoko… Read More