Search results for "basra"

Christian Brown, CEO of Kentz

Kentz Awarded Contract at West Qurna 1

Canada’s SNC-Lavalin has announced the award of a contract to Kentz, a member of the SNC-Lavalin Group, by ExxonMobil, for a new oil processing facility to increase production at its West Qurna 1 oil field in Iraq. Kentz, with its regional partner, is providing the front-end engineering design (FEED), detailed design engineering, procurement, fabrication, construction, […]

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Two Turkish Hostages Released

By Simon Kent. The Turkish government has confirmed that two hostages have been released by the group calling themselves the “Death Division,” who kidnapped the workers in Baghdad early this month, along with 16 other hostages. The two men were said to be in good condition, confirmed by both Turkish and Iraqi authorities, who also […]

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Ceyhan_Pipeline Marine_Terminal

Oil Exports Down in August

By John Lee. Iraq’s State Oil Marketing Organization (SOMO) has said that oil exports amounted to 95.447 million barrels in August, which equates to 3.079 million barrels per day. According to a report from Shafaaq, this generated revenue of approximately $3.874 billion, at an average price of $40.59 per barrel. Exported from the southern port of […]

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RSK lab, Basra

RSK Hiring Iraqi Staff

Just a year after it opened, the RSK combined geotechnical–environmental laboratory outside Basra, Iraq, is aiming to expand its services and recruit more young scientists to augment its staff of nearly 20. The RSK Iraq laboratory, which has been operational since May 2014, is the first combined geoenvironmental laboratory in Iraq to achieve this International […]

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Atlasglobal

AtlasGlobal Expands Iraq Service

Turkish carrier AtlasGlobal, formerly known as Atlasjet, will be expanding service to Iraq starting in September 2015. New routes will be launched from Erbil, Sulaymaniyah, Baghdad and Basra. This is in addition to Najaf. eff 03SEP15 Istanbul Ataturk – Erbil 2 daily KK6200 IST0635 – 0900EBL 320 246 KK6200 IST0635 – 0900EBL 321 x246 KK6202 IST1500 […]

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Iraq’s Child Soldiers

By an Al-Monitor correspondent in Tehran. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The world has borne witness to countless crimes committed by Islamic State militants in Iraq and Syria over the past year. Iraqi and Syrian children have not been spared from these atrocities. […]

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meosat logo

MEOSAT Iraq Service is Live

MEOSAT has announced that its O3b system is live and operational, delivering uninterrupted network service to Southern Iraq. Oilfields enabled by digital technologies provide the highest ROI and have the greatest potential to reduce risk, optimize production and contribute to higher operational efficiency for Oil & Gas operators. This is made ever more relevant and […]

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Iraqi Prime Minister, Haider al-Abadi

Will Abadi’s Reforms work?

By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi parliament voted Aug. 11 to approve Prime Minister Haider al-Abadi and parliament Speaker Salim al-Jabouri’s economic, political and administrative reform measures in response to the demands of the Iraqi street. These measures […]

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Haider Al-Abadi at West Qurna 2, 180815

PM Reassures Lukoil amid Protests

By John Lee. During a visit to the West Qurna II oilfield in Basra, Prime Minister Haider al-Abadi reiterated his government’s commitment to ensuring the security of the southern oilfields and their workers. He met with senior management of the Russian operator Lukoil, following protests by locals demanding jobs. A Lukoil official told Reuters that […]

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dates (shutterstock_130273343)

Iraqi Dates Shrivel Awaiting Processing

By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Arabian Peninsula, which includes part of southern Iraq, was once known for having the most palm trees in the world. The documented panoply of dates comes from 600 types of palm trees, out […]

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SOMO HQ

Iraq Increases Oil Prices

By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra and Kirkuk crude oil for September. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); […]

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Erbil-Baghdad Agreement: Deal or No Deal?

By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Erbil-Baghdad Oil Relations Swing between Deal, no Deal Encouraged by more international interest in purchasing its oil, coupled with the apparent failure of the federal Iraqi government to provide agreed-upon […]

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