Tag Archive | "Akkas"

$4.7bn for Electricity Sector in 2014


By John Lee.

The Iraqi government has allocated $4.7 billion to build power plants and finance existing electricity projects this year.

Electricity ministry spokesperson Masaab Al-Mudarris told Zawya:

As part of its 2014 plan, the Ministry of Electricity requested a budget of $12 billion to complete existing projects and to sign new contracts to compensate for the fluctuating shortage (of power), but the government only approved $4.7 billion.

Production capacity is currently 12,100 MW, with demand at 16,500 MW.

The Ministry of Electricity aims to produce an additional 7,500 MW by the end of 2014 and another 7,500 MW by the end of 2015.

According to Zawya, four new power plants were completed last year, but they are not yet operational due to gas shortages. The stations are:

  • Rumaila, Basra (1,460 MW);
  • Mansuriya, Diyala (730 MW);
  • Akkaz, Anbar (250 MW); and,
  • Alekiarp, Nineveh (750 MW).

(Source: Zawya)

(Picture: Power plant in Bayji)

Posted in Construction & Engineering, Oil & Gas, Public WorksComments (6)

Private Security Companies in Iraq


By Robert Tollast.

Robert Tollast is a consultant at Noorbridge, a Helsinki based consultancy with staff in London and Nasiriyah, Iraq. He has written extensively on security, politics and economic issues in Iraq for various publications, and is currently researching a modern history of Iraq with support from The Middle East Forum. email: bobtollast@gmail.com twitter: @roberttollast

Private Security Companies in Iraq: Think Again. An interview with Haider Abadi of the Al Sajer Security Company.

What comes to mind when you imagine private security firms in Iraq? At worst you might recall the leaked footage (from 2005) of Blackwater personnel firing wildly at civilian cars during the coalition occupation. We then heard of 2007’s infamous Nisoor square massacre, and Blackwater’s reputation hit rock bottom.

Sensationalist books such as License to Kill: Hired Guns in the War on Terror or Hollywood portrayals from The Green Zone and The Hurt Locker have not helped an industry widely perceived as mercenary. Perhaps you are a soldier reading this who served in Iraq and remember nothing but swagger, expensive sunglasses, caps and chinos and the knowledge that these men were making far more money than you.

These days the industry in Iraq is highly regulated, and after coming under significant pressure from the Iraqi government in 2012 it has reformed considerably. 2008 saw the advent of the Montreux document, an international agreement that now has 49 participating states, initiated by groups such as the Red Cross and the Geneva Centre for the Democratic Control of Armed Forces.

It would be hard to argue that from a tactical, strategic, ethical, reputational or business perspective, these regulations do not make sense. A community that is alienated by bad behaviour is more likely to be hostile, and incidents are often broadcast on the global stage in minutes thanks to the proliferation of smart phones.

Some private security companies have adapted to the extent that they are considerably reliant on local staff (not just Iraqi nationals, as specified by Iraqi law.) This bond with the community is often vital and is now happening in Al-Qaim: the town where the Abu Mahal tribe started the first uprising against al-Qaeda in 2005 that shattered the organization (before it was allowed to revitalize) lies close to the Akkas gas field in Anbar, currently being worked on by the Korean company KOGAS.

Haider Abadi, projects manager at Al Sajer Security explains that this could be one of the most dangerous private security jobs in the world. But with the Anbar council supporting the project and local tribal involvement, it is currently manageable. Haider Abadi’s work shows us that PSCs are not only securing their clients, but also Iraq’s economic future.

Posted in Oil & Gas, Robert Tollast, SecurityComments (0)

KOGAS may Sell Stake in Akkas


By John Lee.

The Korea Gas Corporation (KOGAS) is among the state-owned Korean energy firm that have come under heavy pressure from the country’s new government to shed assets and pay off debt by 2017, reports Reuters.

Korea’s Yonhap news agency says that the company is considering selling a 49 percent stake in its fully-owned Akkas gas field, in Anbar province, for $287 million.

Under the proposals, KOGAS would retain operating control of the project.

(Source: Reuters)

Posted in Oil & GasComments (0)

STX Wins $449m Pipeline Order


By John Lee.

Korea’s STX Heavy Industries has won a $449 million order to build a 550-kilometer gas pipeline in northwestern Iraq.

The pipeline, scheduled for completion in June 2017, will take gas from the Akkas gas field in Anbar, which is operated by Korea’s KOGAS.

(Source: STX)

Posted in Construction & Engineering, Oil & GasComments (2)

Big Oil to spend $25bn in Iraq Next Year


By John Lee.

Iraq’s deputy prime minister for energy, Hussain al-Shahristani (pictured), has said that ‘Big Oil’ is about to spend over $25 billion next year to boost oil output towards record levels.

He predicted that the southern fields are expected to pump an extra 500,000 bpd in 2014, compared to just over 3 million bpd this year.

Additionally, Baghdad is increasing security at the smaller fields such as Najmah and Qayara — operated by the Angolan company Sonangol in the al-Qaeda heartland of Nineveh — and at the Akkas gasfield in Anbar, operated by South Korea’s Kogas.

He told Reuters:

We are definitely concerned about the upsurge in violence, but our concern is for the Iraqi people throughout the country. Iraq is trying its best to combat terrorism …

“The security situation has not affected the oilfields in the south and central Iraq and we haven’t noticed any hesitation or slow down in investment by the companies.

But Shahristani said he did not expect militants to inflict any lasting damage on Iraq’s strategic oil network, which has helped generate revenues of nearly $60 billion this year.

The security situation is not affecting our investment decisions,” said an oil company source. “Iraq has such huge and easy to access resources: one way or another, the foreign oil companies will find a way to make money.

(Source: Reuters)

Posted in Oil & Gas, SecurityComments (4)

Daewoo Wins $709m Gas Contract


By John Lee.

Daewoo Engineering and Construction has won a $709-million contract to upgrade the Akkas gas field in Anbar province, near the Syrian border, the Iraqi cabinet secretary announced.

The South Korean company will provide engineering, procurement, construction and commissioning of a central processing facility in the field.

Construction of the new facility is planned to take 46-and-half months from start to completion.

Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round in October 2010, but KazMunaiGas pulled out of the deal months later, forcing KOGAS to double its share in the project.

The contract stipulates a production plateau of 400,000 Mcf/day for a remuneration fee of $5.50/barrel of oil equivalent, with the plateau output to be maintained for 13 years.

(Sources: Dow Jones, Reuters)

Posted in Construction & Engineering, Oil & GasComments (3)

Akkas Attack – KOGAS Sticks to Schedule


By John Lee.

The Korean Gas Corporation (KOGAS) said on Wednesday that an attack on its operations at the Akkas gas field in Anbar will not delay its plans to start commercial production in September 2015.

A spokesman for the state-run company told Platts:

There was no major damage to the facilities at the field, and there will be no delay to the original plans … We will take measures to protect gas fields in Iraq from attacks.

“There were no South Korean casualties. Kogas has dispatched no staff because the Akkas project has not started yet.

On Monday, two local contractors were killed and another was kidnapped during the attack by a group of 20 gunmen in the al-Ibrahimi area, 460 kilometers west of Baghdad, where subcontractor Baider al-Arab has been building a power plant.

The Akkas field, which holds an estimated 5.6 trillion cubic feet of gas, and is the first non-associated gas field to be developed in Iraq, is due to start commercial production in September 2015. “Kogas plans to produce up to 400,000 Mcf/day,” the company official said.

Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round in October 2010, but KazMunaiGas pulled out of the deal months later, forcing KOGAS to double its share in the project.

The contract stipulates a production plateau of 400,000 Mcf/day for a remuneration fee of $5.50/barrel of oil equivalent, with the plateau output to be maintained for 13 years.

(Sources: Platts, Reuters, Iraq Oil Report)

Posted in Oil & Gas, SecurityComments (0)

Lanco picks SGS for Inspection Contract at Power Plant


SGS has been awarded a three-year contract by India’s Lanco Group [Lanco Infratech, LANCI] to manage on-site quality control for the construction of its new gas power plant in Anbar Province, Iraq. The AKAZ [Akkaz, Akkas] power plant at al-Qaim will have a capacity of 250MW (2x 125MW) and is estimated to require three years to complete.

Under the deal, SGS will inspect material and equipment on-site, as well as at manufacturer locations in Europe, the US, Asia and the Middle East region.

Lanco signed the agreement to build the plant in June 2011.

(Sources: SGS, Utilities-ME)

Posted in Construction & Engineering, Industry & Trade, Public WorksComments (0)

IBN Newsletter 'FREE Weekly Subscription'