Q&A: Ramesh Valluri, Sonangol’s General Manager for Iraq
Despite security constraints and bureaucratic frustrations, the Angolan firm is bullish on production gains at the Qayarah oil field and is pursuing a nearby refinery project.
A wellhead at the Qayarah oil field. (Photo credit: Sonangol)
DUBAI - Just over a year ago, Angola's state oil company, Sonangol, returned to the Qayarah oil field, in Ninewa province, which had been ravaged by the self-proclaimed Islamic State (IS) militant group.
Within months, production capacity had recovered to over 30,000 barrels per day (bpd) - and Sonangol sees room for rapid growth.
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