WorldOil Halliburton may take over from Exxon in Iraq’s West Qurna-1 field Exxon Mobil Corp.’s multiyear effort to extricate itself from a groundbreaking Iraqi oil deal may hinge on the involvement of one of the world’s biggest frackers. Iraq projects OPEC will rise to the global oil demand challenge A daily increase of 400,000 barrels in oil output would be enough to meet demand, according to Iraqi Minister Ihsan Abdul Jabbar. OPEC ministers see a path to more oil output increases OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike. Iraq cuts U.S. oil prices sharply, bucking Saudi’s pricing trend Iraq cut the price of its banner crude for U.S. customers sharply, a bold deviation from what Saudi Arabia chose to do with its own barrels just a few days ago. Iraq takes proactive steps to ensure stability, with help of OPEC partners Iraq’s regional allies stressed the need to provide support to an OPEC member struggling to rebuild after decades of ruinous wars, in a conference that also afforded a platform for meetings between longtime rivals. BP, PetroChina form JV to manage Iraq’s Rumaila oil field BP and PetroChina formed a joint venture to manage the giant Rumaila field in Iraq, an operating structure the British oil major has adopted in other parts of the world as it focuses on the energy transition. Russians decide against selling Iraqi oilfield to China Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Proserv lands key manufacturing order from BOC in Iraq Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels to the Basra Oil Company for use on the Majnoon Oil Field in southern Iraq. Iraq greenlights TotalEnergies’ Ratawi natural gas project Iraq is spending billions of dollars to ramp up gas production and reduce its reliance on imports from Iran, which it uses primarily to power its electricity plants. BP, Lukoil seek to sell Iraqi oil asset stakes BP Plc and Russia’s Lukoil PJSC want to sell down their assets in Iraq, according to the country’s oil minister.