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The Iraqi government has given its approval for the Iraqi National Oil Company to acquire Exxon Mobil Corp’s stake in the giant West Qurna 1 oilfield, Oil Minister Ihsan Abdul Jabbar announced Wednesday, Zawya reports. Located in Southern Iraq, West Read more
The UAE have extradited Abdelmoumen Ould Kaddour, former boss the state-run energy giant Sonatrach, wanted in Algeria for corruption in two cases. The protégé of ex-leader Abdelaziz Bouteflika arrived Wednesday at Algiers international airport handcuffed, from Dubai. He was arrested Read more
PetroChina can become the biggest investor in Iraq’s oil ventures if the negotiations it is engaged in turn out to be successful. It wants to be engaged in the development of the West Qurna oilfield, 50 km northwest of the Read more