The oil dispute between Iraq and the autonomous northern region of Kurdistan has been resolved.
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Iraq’s oil ministry has sent the final draft of a gas deal with Royal Dutch Shell to cabinet for approval, Iraq’s Oil Minister said on Thursday.
Iraq sees no need to even discuss an Opec quota until its output reaches 4 million barrels per day (bpd) so any talk of a specific limit before then is premature, the country’s oil minister said.
Iraq on Thursday invited international energy firms to submit bids for a September 1 auction of three of its gas fields
The contract, estimated at several billions of dollars, is to take place in oil fields in southern Iraq.
“The delegation of the British company announced that the production of oil from Rumaileh field will increase by about 10% at the end of the year, while the rate will increase to about 50% at the beginning of next year
The Oil Ministry now specifying (in a document on its Web site) that by late 2014 its overall production capacity should have already almost doubled from today’s 2.4 million b/d.
The fair, which will be held between Nov. 25 and Nov. 28, aims to enhance the war-torn country’s economic development, while focusing on Iraq’s contribution to the future world energy supply.
Iraq has begun implementing extra security measures to protect oil fields in and around the south-eastern city of Basra, security sources announced on Wednesday.
TNK-BP Holding and Iraq Oil Company for Oil Investments (IOCOI) have signed an agreement to establish a joint venture aimed at identifying potential projects to acquire, develop and operate oil and gas fields on the territory of Iraq.
Iran has agreed to ship 1.5 million liters of fuel to breathe life into some Iraqi power plants made idle due to fuel shortages. The agreement was struck during a visit by a high level Iraqi delegation to Tehran, a statement by the Ministry of Electricity said. The agreement comes as power outages have worsened […]
Russia’s TNK-BP, half owned by BP, has establish a joint venture to develop oil and gas fields in Iraq, TNK-BP said on Wednesday. It said, it has signed an agreement with the Iraq Oil Company for Oil Investments (IOCOI) to establish the venture. “The two companies will consider joint acquisition of fields with commercial reserves […]