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Basra Light Crude may Split into 2 Grades

Basra Light Crude may Split into 2 Grades

By John Lee.

The Iraqi State Oil Marketing Organization (SOMO) has proposed splitting its Basra Light crude supply into two grades.

Reuters cites trade sources as saying that SOMO and has requested feedback on the proposal by the end of the week from buyers in Asia.

Iraq now plans to offer two grades of crude for exports from its southern terminals: “light” with an API gravity of 29 degrees, and “heavy” with an API gravity of 24-25 degrees.

SOMO would set monthly official selling prices (OSPs) for each grade.

(Source: Reuters)

Posted in Oil & Gas0 Comments

Basra Oil Wealth to Build Iraq

Basra Oil Wealth to Build Iraq

By John Lee.

Iraqi Oil Minister Adel Abdul-Mahdi [Adil Abd al-Mahdi] has reportedly promised to make Basra the economic capital of Iraq, but added that there are many obstacles to be solved in achieving this.

During a visit to oil and gas installations in southern Iraq, the Minister pointed out the importance of the South Oil Company (SOC) to Iraqi revenues, and said that there would be an increase in oil production levels that would benefit all the people of Iraq.

These are not just promises,” he said, “our aim is to build Iraq.

(Source: UPI, Aswat al Iraq, Ministry of Oil)

Posted in Oil & Gas0 Comments

METKA Wins Shatt Al Basra Contract

METKA Wins Shatt Al Basra Contract

By Patrick M Schmidt.

METKA, a Greek engineering and contracting firm, has won a $165 million (192 billion Iraqi dinars) contract to work on the Shatt Al Basra Power Plant.

The contract allows for the company to oversee the process of making the plant fit to burn heavy fuel oil for electrical generation.

The project will be executed over the next year for the Ministry of Electricity.

METKA is already installing a 1,250MW gas-powered turbine in Basra on a separate contract.

(Source: Metka)

Posted in Oil & Gas, Public WorksComments Off

UNDP Inaugurates Basra Sub-Office

UNDP Inaugurates Basra Sub-Office

The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Nickolay Mladenov (pictured), officially inaugurated UNDP’s sub-office for southern Iraq in Basra.

Held at the premises of the sub-office, the inauguration ceremony was attended by local officials and civil society leaders, including the Chief Justice of the Basra Appellate Court, the Head of the Police Force in Basra, the Head of the Development Committee of the Basra Provincial Council, and members of the Provincial Council.

In his opening remarks, Mr. Mladenov stressed that

the inauguration of this sub-office demonstrates the UN’s commitment to bring its services closer to the beneficiaries and build stronger partnerships with local authorities and civil society.

“UNDP and the rest of the UN family will strive to foster greater social cohesion, inclusive growth, clean and sustainable environment and resilient and transparent governance structures and processes”.

Mr. Adam Abdelmoula, the UNDP Iraq Country Director, stated that:

“UNDP has been a Development Partner to Iraq for the past 35 years. This sub-office is meant to serve the four southern provinces of Basra, Muthanna, Thi Qar and Missan and will be followed very soon with another one for the mid-Euphrates region. UNDP will also double its presence in Erbil”.

Mr. Abdelmoula thanked the Government of Sweden for its generous contribution that enabled UNDP to establish the Basra sub-office.

(Source: UN)

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US Warns re Travel in Basra

US Warns re Travel in Basra

The U.S. Embassy reminds U.S. citizens that Iraq remains at high risk for kidnapping and terrorist violence. Recent reports indicate that militant groups may be surveilling U.S. citizens for possible kidnapping operations, particularly oil company employees working in Basrah Province, Iraq.

The groups may be focused on U.S. citizens at hotels in the Basrah area. We encourage all U.S. citizens to review the existing travel warning for Iraq and take appropriate measures to ensure their safety if travel to Iraq is necessary.

U.S. citizens traveling and residing abroad should enroll in the Smart Traveler Enrollment Program (STEP). U.S. citizens without internet access may enroll directly at the U.S. Embassy or U.S. Consulate General Erbil. By enrolling, U.S. citizens make it easier for the Embassy to contact them in case of emergency.

U.S. citizens may contact the U.S. Embassy, located in the IZ, via e-mail to [email protected] In the event of a U.S. citizen emergency please contact: 0770-443-1286 (from Iraq) or 011-964-770-443-1286 (from the United States).

U.S. citizens traveling abroad should regularly monitor the U.S. Department of State’s, Bureau of Consular Affairs website, where the current Worldwide Caution, Travel Warnings, Travel Alerts, and Country Specific Information can be found. The U.S. Embassy also encourages U.S. citizens to review “A Safe Trip Abroad,” which includes valuable security information for those living and traveling abroad.

Follow us on Twitter and the Bureau of Consular Affairs page on Facebook as well. In addition to information on the Internet, travelers may obtain the latest information on security conditions by calling 1-888-407-4747 toll-free in the United States and Canada, or outside the United States and Canada on a regular toll line at 1-202-501-4444. These numbers are available from 8:00 a.m. to 8:00 p.m. Eastern Time, Monday through Friday (except U.S. federal holidays).

(Source: US Embassy)

Posted in 'Your Country' - United States, SecurityComments Off

Iraq parliament Supports Basra-Aqaba Pipeline

Iraq parliament Supports Basra-Aqaba Pipeline

By John Lee.

Iraq’s parliament fully supports a project to build an $18 billion pipeline to export crude oil from Basra to Jordan’s port city of Aqaba.

Speaking to The Jordan Times, Adnan Al Janabi, chairman of the Iraqi parliament’s energy committee said:

“We are very supportive of this strategic project with Jordan, which will greatly help Iraq increase its oil exports across the world.”

The 1,680-kilometre double pipeline will pump one million barrels of oil a day from Basra on the Arabian Gulf to Aqaba Port, and around 258 million cubic feet of gas.

The oil pipeline, which is expected to be operational late in 2017, will provide Jordan with 150,000 barrels of- oil per day, while the rest will be exported through Aqaba, generating an estimated $3 billion a year in revenues for the Kingdom.

Approximately 100 million cubic feet of natural gas will fulfil Jordan’s gas requirements and the rest will be used in pumping stations along the double pipeline.

Baghdad has recently shortlisted 12 international companies to build the pipeline, according to Iraqi officials and the State Company for Oil Projects (SCOP) is expected to invite these firms to submit their offers by November or December.

(Source: The Jordan Times)

Posted in Oil & GasComments Off

Fugro wins Contract from Basra Gas Company

Fugro wins Contract from Basra Gas Company

Fugro has been awarded a contract for one year, plus a year extension option, by Basra Gas Company (BGC) for the provision of Geotechnical Investigations and Topographic Services in the Basrah province of Southern Iraq.

Fugro will provide geotechnical and topographical survey investigation services at various locations throughout the project area to support a number of planned engineering projects for an onshore LNG plant, new pipelines, and anticipated expansion of gas compression facilities.

From the planning through to the decommissioning stages of the project, engineering survey support will be provided in the form of route, profile, setting out and as-built surveys for pipelines, cables, utility services, roads, and overhead power lines.

Geotechnical investigations will be carried out for engineering and foundation design of new structures and review of existing structures in the project area, with all geotechnical laboratory testing performed at Fugro’s accredited laboratory in Basrah.

The award builds on the work previously undertaken by Fugro Iraq in support of Basrah Gas Company’s gas development activities in the Basrah province of Southern Iraq.

The contract award supports Fugro Iraq’s commitment to the continued development of Iraq’s rebuilding process.

(Source: Fugro)

Posted in Construction & Engineering, Oil & Gas1 Comment

Iranian Gas to Supply Basra

Iranian Gas to Supply Basra

By John Lee.

Gas from the South Pars field in Iran could be supplying power stations in the province of Basra within a year, reports UPI.

A pipeline currently under construction will run from Asaluyeh to Iraq’s southern city of 2 million people, and may later extend to Syria, depending on conditions “after the war” according to Iranian deputy oil minister Ali Majedi.

The 56 inch pipeline is part of a wider deal to supply power stations across Iraq which was finalized last year and will be 270km in length when fully constructed.

(Source: UPI)

 

Posted in Oil & GasComments Off

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