Submitted by Mark Venables on Thu, 2018-04-05 08:48
05th April 2018
Shell EP Middle East Holdings has completed the sale of the entire share capital of Shell Iraq (SIBV), which held its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of ITOCHU Corporation.
Located in Southern Iraq near the Kuwaiti border, the oilfield spreads over a 1,800km2 area. In 2009, a $15bn service contract was signed for its development.
Restrata, through its wholly owned Iraq entity, has been awarded a National Communications and Media Commission ‘CMC’ Licence to sell and maintain GPS tracking systems in Iraq.
Stirling Group has partnered with the EU Iraq Energy Centre (EUIEC) to provide risk management training to the Iraqi oil and gas industry to help build a highly skilled and competent workforce.
Technip, in partnership with Unico, a Japanese engineering consultant, has been awarded a project management consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery
Genel Energy has priced an issue of USD 230m in senior unsecured bonds due 14 May 2019 on the same commercial terms as the existing GENEL01 PRO USD 500m bond
