The KM250 project adds 250 million standard cubic feet per day (MMscf/d) of new processing capacity, boosting Khor Mor’s total output to 750 MMscf/d—a 50% increase. The expansion will significantly strengthen power generation across the KRI and contribute to Iraq’s broader electrification goals by delivering cleaner-burning natural gas to regional power plants.
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop the country’s first floating LNG import terminal at the Port of Khor Al Zubair, the company said on Tuesday.
ExxonMobil signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the company’s near two-year hiatus in the country.
Exxon is considering a return to Iraq after leaving the country two years ago, Bloomberg reported, citing an unnamed source who said Exxon was interested in developing the massive Majnoon field.
Iraq could ramp up its crude oil exports by some 250,000 barrels daily as it saves this amount from local consumption with the help of several solar power projects.
Iraq expects oil exports from its Kurdistan region to resume as soon as this week following a two-year halt, after a landmark deal was reached with producers, its foreign minister said.
TotalEnergies SE and its partners have begun construction for the Ratawi field redevelopment project and a seawater supply project in Iraq, the final components of the country’s over $13 billion Gas Growth Integrated Project (GGIP).
Iraq’s state oil marketing firm is in discussions with Exxon for potential crude storage sites close to demand markets in Asia, the United States, and Europe, Bloomberg reports, citing a senior Iraqi executive.
The Common Seawater Supply Project (CSSP) is the key to unlock massive gains in oil output from Iraq. Consequently, control over the project is pivotal to gaining control over the country’s enormous oil and gas resources.
The Chinese companies are replacing Western oil and gas majors who left Iraq in search of greener pastures. CNPC took over the West Qurna 1 field last year and plans to boost its capacity to 1.2 million barrels daily by 2035. West Qurna 1 is one of the largest oil fields in the world, with reserves estimated at more than 20 billion barrels of recoverable hydrocarbons. Currently, it produces around 550,000 barrels daily.