NNA – Iraqi Oil Minister Ihsan Abdul Jabbar said on Monday that the development of the Mansuriya gas field on the coast near the Iranian border is expected to cost �2.1 billion.
Abdul Jabbar said in a news conference that he does not expect oil prices to go below �65 per barrel and that lower oil prices should not be a concern after OPEC+ eases production cuts from May.
Iraq is in discussions over purchasing of ExxonMobil shares in the southern West Qurna 1 oilfield, he added. — Reuters
Follow the latest National News Agency (NNA) news on Radio Lebanon 98.5, 98.1, and 96.2 FM