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updated Thu. April 19, 2018

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Anglo-Dutch supermajor Shell has completed the sale of its 20% stake in Iraq's West Qurna 1 oilfield to a subsidiary of Japan's Itochu. The deal, confirmed by Shell last week, was valued at $406 million. The transaction will have an effective date of 31 December 2015 and will see Itochu assume ...
Shell EP Middle East Holdings B.V. has completed the sale of the entire share capital of Shell Iraq B.V (SIBV), which held its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of ITOCHU Corporation. The purchaser has also assumed debt of $144 million as part of the transaction.
Per the latest divestment deal, the Anglo-Dutch supermajor will vend 19.6% interest in the West Qurna 1 oil field to Japan's Itochu Corporation. According to the agreement, Itochu will assume a debt of $144 million. The deal has already received necessary regulatory approvals and is scheduled ...
Shell EP Middle East Holdings has signed an agreement to sell Shell Iraq's (SIBV) entire stake in the West Qurna 1 oil field for $406m to a subsidiary of Japanese firm Itochu. The divestment comprises a 19.6% interest in the field and will be made through the sale of the entire share capital of SIBV.

Itochu has stepped into Iraq's upstream business by winning approval to buy out Shell's stake in the giant West Qurna 1 oil field, a deal that could not only boost flows of Basrah crude oil to Japan, but could also help the Japanese company to push sales of the grades to other markets in the Asia ...
The company said the stake sale has received the necessary regulator consent and is expected to be completed in a few days. Other partners in Iraq's West Qurna 1 oilfield include ExxonMobil with 32.7 per cent, PetroChina with 32.7 per cent, Pertamina with 10 per cent and Oil Exploration Company with ...
Shell has been involved in the West Qurna 1 Oil Field since 2009, and after the sale the venture will continue to be operated by ExxonMobil (ticker: XOM). The oilfield produces approximately 405,000 barrels of oil per day, with expected recoverable reserves of over 20 billion barrels of oil. By exiting ... Iraq
March 23 (Reuters) - Oil major Royal Dutch Shell on Friday agreed to sell its entire stake in Iraq's West Qurna 1 oilfield to Japan's Itochu Corp for $406 million. The deal comes shortly after the Anglo-Dutch company agreed to exit the Majnoon oilfield, one of the largest fields in OPEC member Iraq, and ...
An official with the Kurdish fighters in Afrin identified the woman killed and mutilated as Barin Kobani, a highly-trained soldier who fought with the US in driving Daesh from the northern Syrian village of Qurna, according to The Guardian. US-backed Kurdish fighters in Syria have blamed "terrorist allies of the ...
Moving forward with its $30-billion divestment goal, Royal Dutch Shell plc is set to offload West Qurna 1 oil field in Iraq to Japan's Itochu Corporation. However, the value of the transaction has been kept under wraps. The Zacks Rank #1 (Strong Buy) company also intends to close the divestment of its ...
A - Free Report) is set to offload West Qurna 1 oil field in Iraq to Japan's Itochu Corporation. However, the value of the transaction has been kept under wraps. The company also intends to close the divestment of its interest in the Majnoon oil field in Iraq to the state-run Basra Oil Company by June 2018.
Royal Dutch Shell announced on January 15 a final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea. Meanwhile,. Reuters has reported that Iraq has approved the sale by Shell of the company's 20% stake in Iraq's West Qurna 1 oilfield to Japan's Itochu Corp.
Reuters reported that Iraq has approved the sale by Royal Dutch Shell of the company's 20 percent stake in Iraq's West Qurna 1 oilfield to Japan's Itochu Corp, a senior Iraqi oil official said. The deal comes as the Anglo-Dutch company agreed to exit the Majnoon oil venture, one of the largest fields in OPEC ...
(RTTNews.com) - Royal Dutch Shell Plc. (RDS-B, RDSB.L, RDSA.L, RDS-A) said that it agreed to sell a stake in the West Qurna 1 oil field in Iraq to Japan'sItochu Corp. for an undisclosed amount . The company is also expected to give up its holding in Iraq's Majnoon oil field later this year, though it will ...
Iraq has approved the sale by Royal Dutch Shell of the company's 20 percent stake in Iraq's West Qurna 1 oilfield to Japan's Itochu Corp, a senior Iraqi oil official said. The deal comes as the Anglo-Dutch company agreed to exit the Majnoon oil venture, one of the largest fields in OPEC member Iraq, and ...

Robert Hay (Scottish, 1799-1863) – A panorama view from the hills of Sheikh Abd el-Qurna, Egypt, illustrating landmarks in the surrounding area such as the Ramesseum, the Colossi of Memnon, the Temple of Seti I and the Shrine of Sheikh Abd el-Qurna. One sheet watermarked 'J WHATMAN TURKEY ...
Exxon signed an agreement in 2010 with Iraq's South Oil Company to redevelop and rehabilitate the West Qurna I Oilfield in southern Iraq. In 2013, Exxon signed agreements with PetroChina and Pertamina for participating interest in the West Qurna I project. In October 2011, Exxon signed six production ...
Among the notable projects of ExxonMobil in Iraq is the redevelopment of the West Qurna I field in southern Iraq. In 2013, the company also inked six Production Sharing Contracts covering more than 848,000 acres in the Kurdistan Region of Iraq. About ExxonMobil. TX-based ExxonMobil has a leading ...
Vagit Alekperov said earlier that Lukoil continues discussing amendments to the contract under the West Qurna - 2 project with the government of Iraq. "We intended [to sign in September] but extended now until the end of the year," Alekperov said at the time responding to a question regarding the timeline ...
Moving forward with its $30-billion divestment goal, Royal Dutch Shell plc RDS.A is set to offload West Qurna 1 oil field in Iraq to Japan's Itochu Corporation. However, the value of the transaction has been kept under wraps. The company also intends to close the divestment of its interest in the Majnoon oil ...
Royal Dutch Shell has sold its 20-percent stake in Iraq's West Qurna-1 oil field to Japan's Itochu Corporation, and Iraq has approved the transaction, a senior Iraqi oil official told Reuters in an interview on Wednesday. “Shell sold its stake in West Qurna 1 to Itochu and the oil ministry approved it. We met with ...
A man works at the West Qurna oilfield in southern Basra October 13, 2014. Image used for illustrative purposes. REUTERS/Essam Al-Sudani.
... and the Oil Ministry has plans for that to continue. Iraq oil production up as key fields change hands. The West Qurna 2 field on Aug. 3, 2017.
Russian oil major Lukoil is participating in the development of the West Qurna-2 oilfield in southern Iraq, 65 km northwest of the major port city of Basra.
Iraq, for example, has announced plans to boost its oil production capacity to 5 million bpd and the development of three fields, West Qurna-1, ...
Iraq, for example, has announced plans to boost its oil production capacity to 5 million bpd and the development of three fields, West Qurna-1, ...
The coffin of the "Qurna queen" held in the museum collection is said to be part of the only intact ancient Egyptian royal burial group outside of ...
Russia's Lukoil is looking at further development of its giant West Qurna 2 oilfield onshore Iraq and has also started a key appraisal campaign ...
Workers adjust the valves of oil pipes at West Qurna oilfield in Iraq's southern province of Basra . Picture taken November 28, 2010.
The tomb, found in the Dra' Abu el-Naga area of Qurna mountain, belonged to Amenemhat, under the number 390, and includes burial ...
Mosca, 01 set 11:50 - (Agenzia Nova) - L'Iraq e la compagnia russa Lukoil hanno concordato di ridurre la produzione nel sito di West Qurna-2 a 800 mila barili ...
Russian energy company LUKoil said on August 15 the Group's daily hydrocarbon production excluding West Qurna-2 project in Iraq for the ...
Its daily hydrocarbon production excluding West Qurna-2 project for the first six months of 2017 increased by 1.5 percent year-on-year to 2,217 ...
LUKOIL Group's daily hydrocarbon production excluding West Qurna-2 project for the first six months of 2017 increased by 1.5% year-on-year ...
LUKOIL is also striving to expand its dealings in Iraq, where it currently operates the 14bn barrel West Qurna field. In its expanding role in the ...
The find is almost 3000 years old and was discovered in a female burial from the necropolis of Sheikh ´Abd el-Qurna close to Luxor. This area ...
Iraq and Algeria support the extension of oil production cuts by OPEC and non-OPEC producers through the end of the year to try to boost ...
Al-Jebouri says that, when Lukoil started working on West Qurna 2 in 2010, there was a lot of resentment and unhappiness among the Iraqis ...
Russia's Lukoil is looking at further development of its giant West Qurna 2 oilfield onshore Iraq and has also started a key appraisal campaign ...
Iraq's oil minister said on Sunday that his country plans to increase daily crude oil production to 5 million barrels by the end of this year, up from ...
In 2017, the volume of investments in the oil field West Qurna-2, which is the project of Russian oil giant Lukoil in Iraq, is estimated at $1.5 ...
IRAQ has agreed to amend the service contract for the West Qurna 2 oilfield to incorporate a reduced contractual production plateau rate of ...
Lower volumes of compensation crude oil from West Qurna-2 project in Iraq had a negative impact on sales dynamics. In the second quarter of ...
Lukoil, Russia's second-biggest oil producer, reported on Tuesday a profit of $792 million (46.6 billion rubles) for the fourth quarter.
Our 2016 EBITDA was 730.7 bln RUB, down 10.5% year-on-year mainly because of lower volumes of compensation crude oil from West Qurna-2 due to the reimbursement of larger amount of historical costs in 2015. Net of this project our EBITDA increased ...
The Dublin-headquartered firm, which has offices in the UK, Bahrain, UAE, Qatar and Saudi Arabia is also aiming to increase its work at West Qurna, in one of the biggest oilfields in southern Iraq, close to the city of Basra, where its clients are ...
You mentioned the Americans and the Chinese. Have you seen an increase in Russian interest in Iraqi oil fields? What about the French company Total?
The Iraqi minister also said that Russian oil major Lukoil, which has West Qurna-2 project in Iraq, expressed its readiness to cup its daily oil production by 20,000 barrels.


 

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