Baghdad and a group led by Italy's Eni have agreed to cut the planned output target at Iraq's Zubair oilfield to allow this southern giant to pump more for a longer period.
Iraqi Oil Minister Abdul Kareem Luaibi said on Th
Italian oil and gas group Eni is considering opening its business in Iraq to investment by Chinese oil company CNPC after offering it a stake in its bumper Mozambique gas field earlier this month, two sources said.
US-based Occidental Petroleum Corp and South Korea's Kogas have received their first cargo of crude oil as payment for helping to develop Iraq's Zubair oilfield, shipping sources told Reuters on Monday.
The vessel Hellespont Trooper left B