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BASRA, Iraq : Iraq has signed a settlement agreement with U.S. energy giant Exxon Mobil Corp to finalise its exit from the West Qurna 1 oilfield and allow PetroChina to become the field's lead contractor, a senior Iraqi oil executive said on Saturday."We studied the settlement agreement and the oil minist
EBRD launches climate governance platform for business leaders in Egypt
By John Lee. Khalid Hamza, the General Manager of the Iraqi Drilling Company (IDC), has said the company has completed the drilling or development of 86 oil wells in the first half of 2023. This included the successful completion of the 24th well in the Majnoon oil field, reaching a depth of 3,079 meters, in
EBRD, EU and GCF support Egypt’s transition to a greener and more inclusive economy
MENA Aerospace expands Bahrain hangar