ExxonMobil in talks to acquire Lukoil’s stake in Iraqi oilfield
The West Qurna 2 oilfield is said to represent around 0.5% of global oil supply and 9% of total output in Iraq.
03 December 2025
03 December 2025
The West Qurna 2 oilfield is said to represent around 0.5% of global oil supply and 9% of total output in Iraq.
This announcement comes after Britain’s UKEF and Atradius from the Netherlands withdrew their support for the project.
The start-up follows the arrival of the Nguya FLNG unit and the introduction of gas into the new offshore infrastructure system.
Well clean-up activities at Dubhe-1 are continuing, with production currently dominated by previously injected stimulation fluids.
Train 2 is expected to increase the refinery’s total processing capacity to 260,000bpd by 2029.
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