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FINANCIAL NEWS
Iraq opens 4.945b barrel Halfaya oil field
19 Jul 2012
(MENAFN) Iraqi Oil Minister, Abdul-Karim Elaibi, announced that the country has opened the 4.945 billion barrel Halfaya oil field, reported Saudi Press Agency.
Elaibi said that in late 2009, China’s National Petroleum Corporation, Malaysia’s PETRONAS and Total SA won rights to the oilfield, located in Maysan province in the south of the country.
The Iraqi government will pay the consortium USD1.40 per barrel of extracted oil.
It is worth noting that oil production at the site will reach 100,000 barrels per day (bpd), scheduled to grow to 535,000 bpd in 2016.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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