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Iraq Aims to Clinch Exxon Oil Sale by June Even as Chevron Balks Apr 22 2021, 12:33 PM April 21 2021, 10:24 PM April 22 2021, 12:33 PM (Bloomberg) -- Iraq aims to finalize the sale of Exxon’s stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. (Bloomberg) -- Iraq aims to finalize the sale of Exxon’s stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. Basra Oil Co., the state-run company overseeing crude pr...

by Bloomberg |Thursday, April 22, 2021 Iraq aims to finalize the sale of Exxon's stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. (Bloomberg) -- Iraq aims to finalize the sale of Exxon’s stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. Basra Oil Co., the state-run company overseeing crude production in the region, may open talks with more companies after Exxon submitted a request to sell its 32.7% stake in ...

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Upward revision by the oil producers’ alliance marks a change of tone from previous months Updated 13 April 2021 April 13, 2021 23:24 LONDON: OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market. Demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6 percent, the Organization of the Petroleum Exporting Countries forecast in its monthly report. That is up 70,000 bpd from last month. “As the spread and intensity of the COVID-...

By Reuters Staff 1 Min Read BAGHDAD, Feb 24 (Reuters) - Iraq’s oil exports from its southern ports are stable at 2.7 million barrels per day (bpd) so far in February, Basra Oil Company chief Khalid Hamza said in a statement. Iraq affirms its full commitment to the OPEC+ oil cut deal, a statement cited Hamza as saying on Wednesday. (Reporting by Ahmed Rasheed Editing by Shri Navaratnam)