Iraq is in the "final stages of talks" with BP, Eni, ExxonMobil and LUKoil about a project to inject seawater into oil fields, an Oil Ministry official said.
The four companies will take part in the project to sustain production at fields they are upgrading in southern Iraq, Oil Ministry director of licenses and contracts Abdul Mahdi al-Amidi said in an interview Wednesday in Basra.
"For each barrel of oil, they will need to inject a barrel and a quarter of water," he said, declining to give an estimate for the contract's value.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
