Iraq outdoor energy storage program bidding

Will a new oil project boost Iraq's oil and gas reserves?

Separately, the country’s Oil Minister Mr Abdel Ghani said the offered projects will boost the country’s oil and gas reserves. Iraq will soon announce an increase in its proven oil reserves to more than 160 billion barrels from 145.02 billion barrels now, he added.

Who won a bid to develop Iraq's dhufriya oilfield?

China's Anton Oilfield Services won a bid to develop Iraq's Dhufriya oilfield in the central Wasit province, and Sinopec won a bid to develop Summer block, which has oil potential, in the southern Muthana province. They will get 29.16 per cent and 17.85 per cent of the net profit, respectively.

Who won rights to develop northern extension of East Baghdad oil?

Zhongman Petroleum and Natural Gas Group (ZPEC) won rights to develop the Northern Extension of East Baghdad oil filed. It will be entitled to 6.67 per cent share of the profit. The bid was less than the one submitted by Iraq KAR company of 12.22 per cent. The field is shared by Baghdad and Salahuddin provinces in central Iraq.

Who won a bid to develop Abu Khema oilfield in Iraq?

The filed is shared by the provinces of Najaf and Anbar in southern Iraq. It also won a bid to develop Abu Khema oilfield in the southern Muthanna province and will get 9.1 per cent of the net profit. China's Geo-Jade won a bid to develop Zurbatiya block in Wasit province in central Iraq.

Which Chinese companies won the northern extension of East Baghdad oil project?

Out of the 21 projects auctioned on Saturday and Sunday, 10 were awarded to Chinese's companies. Zhongman Petroleum and Natural Gas Group (ZPEC) won rights to develop the Northern Extension of East Baghdad oil filed. It will be entitled to 6.67 per cent share of the profit.

How much energy does Iraq need?

Iraq buys 1,200 megawatts of electricity and enough natural gas to generate 2,800MW from Iran, making up nearly one third of its needs. TotalEnergies chief executive Patrick Pouyanne and Iraqi Oil Minister Hayan Abdel Ghan sign the mega $27-billion energy project.