iPhone | iPad
Android
Huawei
The goal-scoring striker is suffering from a muscle injury sustained during the Champions League quarter-final loss to Real Madrid
KT APPDOWNLOAD
Iraq, Gazprom Group Signs Deal
BAGHDAD - Iraq signed a final deal with a group led by Russia’s Gazprom on Thursday to develop its eastern Badrah oilfield with estimated reserves of 100 million barrels of oil.
Gazprom is teaming up with Turkey’s TPAO, Korea’s Kogas and Malaysia’s Petronas for the field, which is near Iraq’s border with neighbouring Iran. The consortium will invest a total of $3.52 billion to pump 170,000 barrels of oil per day (bpd) from Badrah, KOGAS said in a statement. Kogas said it would invest 1.05 billion into the project.
The group agreed to a $5.50 per barrel fee at Iraq’s second oilfield auction in December. Gazprom owns 40 per cent of the venture. Kogas holds 30 per cent, Petronas 20 per cent and TPAO has a 10 per cent stake. Badrah oil has an API gravity of 31.5 degrees.
Deals coming from two oilfield auctions this year may raise Iraqi oil output capacity in seven years to 12 million bpd from the current 2.5 million bpd.
More news from
Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, made the announcement on Wednesday
6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
The Nobel laureate has been condemned for partnering with Hillary Clinton, an outspoken supporter of Israel's war against Hamas
Net profit (after tax) up 32% per cent y-o-y to Dh1.45 billion
Goalkeeper Eisa delivered a fantastic performance against Al Hilal to help Al Ain reach the final
Volunteers of the Samantha Kerala Sunni Student Federation used the machine to navigate challenging terrain
The two sides called for calm in the Middle East in efforts to avoid military escalation while prioritising diplomatic solutions
