Middle East Economic Survey
Zubair And Rumaila Lead Iraqi Capacity Charge
The Eni-led 1.2mn b/d Zubair project and the BP-led 2.85mn b/d Rumaila field development are spearheading Iraq’s upstream capacity charge. On 5 December, Eni announced it was now in the cost recovery and remuneration phase, triggered when output at Zubair reaches 10% over its initial production rate of 183,000 b/d. BP is expected to make a similar announcement very soon.