SOMO revealed on Wednesday that Iraq has the fourth-largest proven oil reserves in the world, with around 145 billion barrels ...

An important deal between Iraq's Oil Ministry and BP was signed on Wednesday under the auspices of Prime Minister Mohammed ...

"The fact is that Lukoil's project at Western Qurna-2, Iraq, has proven oil reserves of one billion metric tons, thus exceeding the remaining reserves of the legendary Surgut and Samotlor fields ...

Iraq aims to boost its oil production capacity to over 6 million barrels per day by 2029, leveraging partnerships such as its recent deal with BP. Currently producing 4 million bpd, this move aligns ...

Chinese contractor China Huanqiu Contracting & Engineering Company Limited (HQC) has signed a contract to provide project ...

Iran plans to dramatically boost oil production from shared fields with Iraq, particularly in the West Karoun cluster.

BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to ...

These were estimated to have aggregate 3P reserves of 670 million barrels. Rosneft’s involvement in the KRI not only threatened Iraq’s plans to meet its new in-house oil production targets but ...

The Shakal PSC fully conforms to the Model PSC required under new Iraqi oil and ... where independent oil companies can capture material exploration positions with large reserve potential and ...

The contract involves collaboration between BP, Iraq's North Oil Company (“NOC”), and ... opportunity to book a share of the output and reserves proportional to the fees earned from increasing ...

Despite having immense oil and gas reserves, Iraq remains dependent on imports to meet its energy needs - Copyright AFP/File Cecilia SANCHEZ Despite having immense ...