All articles tagged with #hydrocarbons law
Originally Published 1 year ago — by Aramco
Aramco has been directed by the Ministry of Energy to maintain its Maximum Sustainable Capacity at 12 million barrels per day, as per the Hydrocarbons Law, and not to increase it to 13 million barrels per day. The company will update its capital spending guidance when its full-year 2023 results are announced in March.
Originally Published 2 years ago — by The White House
Iraq has made significant progress in its energy sector with two major deals, including a historic agreement between the government and the Kurdistan Regional Government on the export of oil and management of revenues, paving the way for a multi-year budget and a hydrocarbons law. The government also reached a $27 billion deal with France's TotalEnergies to recapture and use flared gas in southern Iraq, increasing electricity supply, reducing harmful climate effects, and allowing for the export of gas products to new markets. Companies from Qatar, Saudi Arabia, and the United States will play important roles in this infrastructure project.