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Iraq Agrees with Orion to Invest in Gas Production from Nahr Bin Omar Field

Source: Reuters 1/8/2018, Location: Middle East

Iraq has reached an initial agreement with U.S. energy company Orion to invest in the production of gas from the Nahr Bin Omar southern oilfield, an oil ministry statement said.

Nahr Bin Omar, which is operated by state-run Basra Oil Co., is now producing over 40,000 barrels per day of oil (bpd) and 25 million cubic feet a day of natural gas, said the statement.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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