Saturday 2 August 2014

Sonangol to quit Iraq fields over security snag

Angolan state oil firm Sonangol has decided to exit Iraq due to security problems in a conflict region where it has operated two fields, a senior executive at the company said on Tuesday. Sonangol in 2009 won the right to operate


Consortium to oversee new Dubai refinery

A new project consortium will be created to oversee the front-end engineering design, green-field project financing and process flow management of the recently signed deal between Dubai and China’s Sonangol for a state-of-the-art refinery.


Iraq, Sonangol finalise oilfield deals

Iraq signed final contracts with Angolan state oil company Sonangol on Tuesday to develop the Qayara and Najmah oilfields. Qayara has reserves of some 800 million barrels and Najmah 900 million. Both are in the violent Nineveh province in


Sonangol says several firms eyeing Iraq tieup

Angola's national oil firm Sonangol, which won deals to develop oilfields in Iraq last week, said several companies have shown an interest in forging joint-exploration partnerships with it in the war-torn nation. Sonangol won the right


Angola's Sonangol wins Iraq oil deal

Sonangol, Angola's state-run oil company, on Saturday accepted a remuneration fee of $5 per barrel to develop Iraq's Qayara field, a company official said. The company had bid for the field on Friday but proposed a fee of $12.50 pe

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