An Oil and Petroleum Company
Beijing-based China Petroleum & Chemical Corporation (Sinopec) has won a contract to develop the Iraq Mansuriya gas field near the Iranian border, according to a statement from the country’s Oil Ministry. Beijing-based China Petroleum & Chemical Corporation (Sinopec) has won a contract to develop the Iraq Mansuriya gas field near the Iranian border, according to […]
Chinese firm to develop Iraq gas field Read More »
There are three key reasons why the development of a world-class petrochemicals (petchems) sector is vital to Iraq’s future. First, its heavy reliance on crude oil exports makes it extremely financially vulnerable both to downturns in the oil price and to the political whims of its fellow OPEC members, especially Saudi Arabia. Second, plain crude
Will Iraq Become A Petrochemicals Powerhouse? Read More »
Iraq’s Oil Minister, Ihsan Abdul-Jabbar, announced last week that the country plans to increase its oil production capacity to 8 million barrels per day (bpd) by 2029, compared to current production of around 3.8 million bpd that factors in OPEC-mandated cuts. Based on its vast oil resources there is no insurmountable reason why this output
Could Iraq Really Become OPEC’s Largest Oil Producer? Read More »