Eni Consortium to Invest $18 Bln in Iraq's Zubair Field

Source: Reuters 10/31/2012, Location: Middle East

Italian oil and gas company Eni expects the consortium it leads to invest $18 billion in the Zubair oilfield in Iraq, the group's chief executive said.

"We have already invested 4-5 billion euros," Paolo Scaroni said on the sidelines of a conference.

Eni, U.S.-based Occidental Petroleum Corp and South Korea's KOGAS signed a 20-year deal with Iraq in 2010 to develop Zubair, whose production is currently at 270,000 barrels per day.

Scaroni also confirmed Eni did not intend to invest in Kurdistan.


United Kingdom >>  6/30/2022 - - First concrete project under the strategic partnership that ENGIE and the CMA CGM Group signed in November 2021.
- CMA CGM will acquire a stake...

Bangladesh >>  6/29/2022 - - Bridgin Power is a power generation business which will invest across Southeast Asia in gas-fired power projects, widely recognised as a key catalys...

United Kingdom >>  6/28/2022 - Specialist well decommissioning services provider Well-Safe Solutions has announced the completion of its third investment round, raising 50 million ...
United States >>  6/28/2022 - Intersect Power, LLC, ("Intersect Power" or the "Company") announced today a $750 million growth equity investment led by TPG Rise Climate, the dedica...

Netherlands/Holland >>  6/27/2022 - Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based...
Suriname >>  6/24/2022 - Global integrated logistics and materials management company, ASCO has signed an agreement with Kuldipsingh Port to provide technical expertise for it...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.