Drawn by more lucrative contract arrangements, smaller Chinese producers are on track to double their output in Iraq to ...

Chinese independent oil companies are intensifying their activities in Iraq, aiming to double their production to 500,000 ...

Rumaila, with 17 billion barrels in estimated crude reserves, is the workhorse of Iraq's oil industry, producing almost half its total output of 2.5 million barrels per day.

Chinese private oil companies are rapidly expanding in Iraq, stepping in where Western majors exited—just as ExxonMobil and ...

In the first formal entry to Iraq by Western oil majors in nearly 40 years, a BP consortium beats out Exxon Mobil for the Rumaila oil field, the country’s ...

Iraq is seizing the opportunity presented by reduced Russian crude exports, utilising its strong infrastructure and desirable ...

A general view shows the central station gas processing plant at Rumaila oilfield in Basra, Iraq, November 5, 2020. REUTERS/Essam Al-Sudani/File Photo (Corrects name in sign-off, no change to text) ...

BP has also temporarily evacuated some of its foreign personnel in the Rumaila field, said the company, which manages the Iraq's southern fields. Chinese companies and the Russian Lukoil did not ...

Iraq quickly extinguished the blaze that erupted at a storage tank at the Rumaila oil field on Jan. 24, but said the incident knocked out about 300,000 barrels a day — or 25 percent of the field ...

The only contract signed was a 20-year deal for a consortium led by BP and China’s National Petroleum Corporation to develop the giant Rumaila field in southern Iraq.

BP and Iraq agree on technical terms to redevelop the Kirkuk oilfields, aiming for a deal by early 2025. The project holds the potential for enhanced oil output and renewable energy integration.