Tag Archives | Akkas

Akkas Pipeline Cancelled

By Robert Tollast. Korean firm STX Heavy Industries has cancelled a proposed 500km pipeline to the Akkas gas field in Western Iraq, which is operated by state Korean gas firm KOGAS. STX Heavy were working on the project with KOGAS Akkas B.V and work was due to be finished in 2017, however the project ran […]

$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 […]

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: [email protected] twitter: […]

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 […]

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 […]

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 […]

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, […]

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 […]

Iraq Signs Final Akkas Gas Deal with KOGAS

Iraq’s oil ministry has signed a final deal with Korea Gas Corp. (KOGAS) to develop its Akkas gas field in the western province of Anbar, according to Reuters. Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round last October. But KazMunaiGas pulled out of the […]

Iraqi Cabinet Approves Akkas deal

Iraq’s cabinet has approved a contract with South Korea’s KOGAS to develop the Akkas [Ukaz] gas field in western Anbar province, the country’s largest, according to a report from Reuters. The cabinet approved the deal on Sept. 13 and the source said it will be signed Oct. 15. “Final signature of Akkas gas deal with Kogas […]

Siba and Mansuriyah Gas Deals Signed

Reuters reports that Iraq signed the final contracts on Sunday to develop its Siba and Mansuriyah gas fields in deals involving Turkish, Kuwaiti and South Korean companies that will help diversify the country’s fossil fuel production. The Korean Gas Corporation [KOGAS] signed the deal for the Akkas gas field earlier in the week. “This is […]