Their consortium plans to drill 56 wells and upgrade equipment to boost output by 10 percent by the end of 2010, Dhia Jaafar, the director-general of the state-run South Oil Co., told The Associated Press.
In the eleven-month period ending February 19 over 1.5 million tons of goods worth some $421 were exported to Iraq from Khuzestan Province, southwest of Iran. The director of Khuzestan Province Customs Administration, Abbas Alidadi, told ISNA news agency that the goods are 216 percent heavier and 127 percent more in value compared to the […]
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil supply rose in February to the highest in 14 months led by Angola and Saudi Arabia, a Reuters survey showed, further reducing compliance with output targets. Supply from the 11 members of OPEC with output targets, all except Iraq, is averaging 26.80 million barrels per […]
“Iraq continues to grapple with some very serious problems. I will be surprised if they are able to achieve a supply level of 10 to 12 million barrels a day in a foreseeable future,” Herman T Franssen, President of International Energy Associates, a Washington-based company.
China National Petroleum Company (CNPC) will start work on the Iraqi Halfaya project in the second half of this year, Jiang Jiemin, the chairman of CNPC’s subsidiary PetroChina (0857.HK), said on Friday.
Azzaman reports that Baghdad’s governor, Salah Abdulrazzaq, has earmarked nearly $1 billion this year to redevelop the city. 40 percent of this budget will go to cover projects started in the past two years that were not completed. The governor said many projects were not finished because the Iraqi contractors working on them failed to […]
A consortium led by Cnooc Ltd is the frontrunner to win the right to develop Iraq’s 2.5 billion-barrel Missan oil-field complex after agreeing to Iraqi government proposals, officials said Thursday.
For a long time, the northern Kurdistan region was seen as the most attractive oil market in the country but the latest bid rounds in December and subsequent contract signings in the south have made it suddenly “less clear that Baghdad actually needs an oil law with Kurdistan, because they’re actually doing pretty well on […]
Minister Amir Abdul-Jabbar during his speech on the occasion of laying the foundations ceremony at the airport of the Middle Euphrates south of Karbala that the department “of the Middle Euphrates Airport is a vital project and important feature in Iraq and will be the pride of Iraqis,” adding that the cost of the airport, […]
During the Korean delegation’s visit, they discussed investment opportunities in the areas of industrial energy and military infrastructure as well as in the field of knowledge … particularly that Iraq needs large-scale projects in the field of electric power and industrial sectors. As well as in the housing sector should also be cooperation in the […]