Saturday 28 November 2015

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


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

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