Orion Energy and the Iraq Ministry of Oil have reached an agreement in which Orion will invest in the Nahr Bin Omar souther oilfield in Iraq. Orion, a U.S. Energy company, will invest entirely in the field which currently produces 40,000 barrels of oil per day (bpd) and 25 million cubic feet per day of natural gas.
Orion Oil LTD is an oil subsidiary at the heart of Orion Group. Oil has underpinned Orion's business since it was founded. It underlies the company's entire current and future operations. We deliver some 12 million tons of finished products per year throughout the world and our various networks and operations deliver 12 million barrels of crude per year to the Group's partner refineries. Source: Orion Group