Category: Sonangol

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Sonangol meets with INOC to discuss Production at Qayara

By John Lee.

The President of the Iraqi National Oil Company (INOC), Oil Minister Ihsan Abdul-Jabbar Ismail, has chaired a meeting with the CEO and management of Angola’s Sonangol, the main operator of the Qayara [Qayyarah] oil field in Nineveh Governorate.

Also joining the meeting was the management of the North Oil Company (NOC) and the Department of Oil Contracts and Licensing.

The meeting included discussion on increasing production and improving quality at Qayara.

(Source: Ministry of Oil)

The post Sonangol meets with INOC to discuss Production at Qayara first appeared on Iraq Business News.

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Sonangol Ramping Up Oil Production in Iraq

By John Lee.

Sonangol has said it plans to increase production at its Najmah and Qayara oilfields to about 230,000 barrels per day (bpd).

The Angolan state oil company owns 75 percent of the oilfields, south of the city of Mosul, with estimated oil reserves of more than 1 billion barrels.

Output at Qayara is currently 40,000 bpd.

(Source: Reuters)

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Sonangol to Transfer Iraqi Oil Fields?

By John Lee.

A recent report suggests that, in the uncertainty following the recent Angolan election, the Iraqi assets of the state-owned oil company Sonangol are in play.

Writing in Seeking Alpha, Jay Currie says the the Najmah and Qaiyarah [Qayara] oil fields may be transferred to Russian service company Eurasia Drilling, and questions the involvement of two Jordanian consultants and a Hong Kong-based company called United Energy Group.

The full article can be read here.

(Source: Seeking Alpha)

(Picture: Oil Minister Luaibi with Sonangol’s Edson Dos Santos, Baghdad, 30th August 2017)