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10.10.25 - 17:45
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Iraq Inks Major Oil Development Deal With ExxonMobil (ZeroHedge)
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Iraq Inks Major Oil Development Deal With ExxonMobil
Via The Cradle
Iraq will sign an agreement with Texas oil major, ExxonMobil, to manage, develop, and operate the Majnoon oil field in the country's south, three Iraqi officials familiar with the matter told Reuters on Thursday.
The deal will also cover upgrades to Iraq's oil export infrastructure in the south and include a profit-sharing arrangement for crude and refined products. Iraq's State Organization for Marketing of Oil (SOMO) is expected to formalize the agreement alongside ExxonMobil and the state-owned Basra Oil Company.
Via Reuters
According to Bloomberg, the US-based energy giant has reached a non-binding heads of agreement with Baghdad to re-enter Iraq two years after its withdrawal.
Iraqi Prime Minister Mohammed Shia al-Sudani confirmed the preliminary deal but did not disclose details. An Exxon spokesperson told Reuters, “We are pleased to have signed an HoA with the Iraqi Oil Ministry to evaluate exploration, develo...
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30.09.25 - 11:09
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Wiederaufnahme der Öllieferungen aus dem irakischen Kurdistan steht offenbar kurz bevor (SG)
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Die Sorge, dass die USA ihre Gangart gegen Russland verschärfen könnten, hat die Ölpreise wieder an den oberen Rand der seit zwei Monaten geltenden Handelsspanne getrieben. Dabei gab es auch Nachrichten von höherem Angebot(-spotenzial): Die im irakischen Kurdistan tätigen Ölunternehmen haben mit der irakischen Zentralregierung und der kurdischen Regionalregierung eine Einigung erzielt, so dass der Export aus der nördlichen Region in Kürze wiederaufgenommen werden kann..
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27.09.25 - 05:00
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Iraq To Restart Kurdistan Oil Exports On September 27 (ZeroHedge)
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Iraq To Restart Kurdistan Oil Exports On September 27
By Tsvetana Paraskova of OilPrice.com
Exports from the semi-autonomous region of Kurdistan will resume on Saturday, September 27, following agreements reached between Iraq's federal government, the Kurdistan Regional Government, and a group of international oil companies, Norway-based oil producer DNO ASA said on Friday.
However, DNO, one of the major foreign producers in Kurdistan, will not ship its crude directly to the Iraq-Turkey pipeline to the Turkish Mediterranean port of Ceyhan.
Instead, DNO will deliver the Kurdistan Regional Government's share of sales from the company's operated Tawke license, currently averaging 38,000 barrels per day (bpd), for export. The balance of the oil, representing the share of sales the foreign contractor group consisting of DNO and Genel Energy International Limited, currently averaging 30,000 bpd, will continue to be sold to local buyers under existing contracts.
DNO ASA and British Genel Energ...
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