Oil Ministry Denounces Police Raid in CNPC Oilfield

Further to our report yesterday on the police raid on CNPC’s al-ahdab oilfield, Iraq’s Oil Ministry said on Tuesday that security forces had violated the law, and expressed concern for the affect it could have on foreign investment in the oil sector. “Oil sites and facilities are under the control of the Central Government and […]

UK Conference on Oil and Gas Opportunities in Iraq

Mott MacDonald, the leading global management, engineering and development consultancy, is a sponsor of the UKTI (UK Trade and Investment) and EIC (Energy Industries Council) conference on oil and gas opportunities in Iraq. The conference programme started in London at the EIC on 28 September and moves to Middlesbrough Football Club on 29 September and […]

Pentagon Plans $4.2bn Arms Sales to Iraq

The Pentagon issued a proposal on Monday to sell weapons worth $4.2bn to Iraq, including 18 F-16 fighter aircraft, Sidewinder air-to-air missiles, laser-guided bombs and reconnaissance equipment, according to a report from the Financial Times. The Pentagon said the proposed arms sales would make Baghdad “a more valuable partner in an important area of the […]

More Than 1,000 New Wells at West Qurna 1

ExxonMobil (XOM.N) and its partner Royal Dutch Shell (RDSa.L) plan to more than double the number of new wells in Iraq’s West Qurna Phase One in order to reach its projected production target, an Exxon executive said on Monday. According to Reuters, quoting ExxonMobil’s Iraq Vice President, James Adams, Exxon aims to drill two to […]

“Corruption” at Al-Ahdab, Execs Dismissed

A media department official in Wassit Council said on Sunday that they had expelled executives from the Al-Ahdab oil field accusing them of embezzling public funds. Taha Hassan Abdul told AKnews that the decision came after a delegation from Wasit council including its deputy chairman visited the field, 30 km west of Kut, with a […]

Russian/Swiss Firm to Build 2 Power Stations in Amara

The local administration in the province of Maysan [Missan] has reportedly agreed a deal with a Swiss-Russian firm to set up two power stations  in the city of al-Amara, according to Aswat al-Iraq. “The Missan local government agreed today (Sept. 25) with Russia’s Wintercroft Capital to build two steam-operated power stations with capacities of 650 […]

‘Expert’ Challenges Iraq’s Oil Targets

The Iraqi Oil Ministry is “optimistic” if it expects that Iraq is going to produce 12 million barrels per day in 2016, an Iraqi expert said on Monday. “It is a sort of optimism to think that Iraq could reach an oil production level of 12m barrels a day in six years,” Nazar Ahmed told […]

British Trade Delegation Visits Erbil

The President of the Kurdistan Chamber of Commerce announced the arrival of the British trade delegation headed by the President of the British Business Council in Iraq, to strengthen ties between Kurdistan and Britain. Dara Jalil Khayat told AKnews that the purpose of the visit is to develop business relations between Britain and Kurdistan “in […]