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FINANCIAL NEWS
Taqa to commence oil production in Iraq
11 Nov 2013
(MENAFN) Abu Dhabi National Energy Company (Taqa) is planning to commence production at its oilfield in northern Iraq by the end of next year, Times of Oman reported.
The state-run firm estimates that production will start at 30,000 barrels per day at the Atrush oilfield, and increasing the output by the same amount in each phase of development.
The company’s president for Iraq operations said that the oil produced will be sold at international prices, at a discount to the North Sea Brent grade since the oil has high sulfur content.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
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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