Tag Archives | Basra Oil Company (BOC)

Amarinth secures order for Pumps at Rumaila

UK-based Amarinth has secured its first order from Iraq Gates Contracting Company (IGCC) for $410K of API 610 OH1 pumps on 22-weeks FCA delivery for the Rumaila oil field, Iraq. This first order for Amarinth from Iraq Gates Contracting Company (IGCC) of $410K is for ten API 610 OH1 condensate transfer pumps with Plan 11 […]

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INOC takes over 9 State Oil Companies

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has transferred ownership of nine state-owned oil companies from the Ministry of Oil to the newly-created Iraqi National Oil Company (INOC). The Minister is also the President of INOC. The companies transferred to INOC ownership are: Iraqi Oil Exploration Company Iraqi Drilling Company (IDC) State […]

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Iraq Plans Big Increase in Oil Production

By John Lee. The Basra Oil Company (BOC) reportedly plans to increase production¬† from 3.2 to 5 million barrels per day over the next seven years. According to Platts, BOC directror Ihsan Ismaael told the CWC Basra conference in Istanbul that the increased production would be sustained for at least 20 years after that. Among […]

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Eni CEO meets Iraqi Oil Minister

The oil minister of Iraq, Jabbar Ali Hussein Luaibi, and the Chief Executive Officer of Eni, Claudio Descalzi (pictured) met in Baghdad on Saturday. During the meeting Eni’s CEO had the opportunity to outline the Company’s current activities in the country in light of the recent achievements of the Zubair field development, where the production […]

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Protests at Nahr Bin Omar Oilfield

By John Lee. Police on Sunday have reportedly used tear gas to disperse around 150 protesters at the main entrance to the Nahr Bin Omar oilfield in Basra. According to Reuters, officials said operations were running normally, with production at about 44,000 bpd. The field is operated by the state-run Basra Oil Company (BOC). (Source: […]

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Chevron to Develop Oil Fields in Basra

By John Lee. The state-run Basra Oil Company (BOC) has signed a memorandum of understanding with US oil company Chevron to develop oil fields BOC announced the start of the first phase of work and cooperation with Chevron US to develop some oil fields and the establishment of a company. The Director-General pointed out that […]

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Petrofac awarded Basra Oil Company EPC Contract

Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two oil processing trains, able to […]

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Floating Oil Island for Iraq’s Expected Spurt in Exports

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Floating Oil Island will handle Iraq’s expected Spurt in Exports The South Oil Co. (SOC) [possibly should be Basrah Oil Company (BOC), as per comment below, – Editor] […]

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Shell hands over Majnoon Oilfield

By John Lee. Shell has reportedly exited the Majnoon oilfield and handed over its operations to the Basra Oil Company (BOC). Sources told Reuters that the handover was formalised on Wednesday, and that the process was “smooth“. According to the news agency, Anton Oilfield Services (AntonOil) and Petrofac will now operate the giant oilfield on […]

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Exxon Out of Desalination Project

By John Lee. Talks between ExxonMobil and Iraq on the multi-billion-dollar Common Seawater Supply Project (CSSP) have reportedly broken down. According to Reuters, the director general of the Basra Oil Company (BOC) told reporters that the BOC will award the contract through a tender process, which it expects to complete at the end of July. […]

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Chevron signs Contracts with Iraqi Oil Companies

By John Lee. The US oil company Chevron has signed an agreement with Iraq’s Basra Oil Company (BOC) and Dhi Qar Oil Company (DQOC) to provide expertise and services, including seismic surveys, to the Iraqi companies. Assim Jihad, Spokesman for the Ministry of Oil, said the Ministry aims to sign more memorandums of understanding with […]

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KBR Confirms Contract to Develop Majnoon

KBR, Inc. announced today that it has been awarded a contract by the Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq. Under the terms of the contract, KBR says it will provide overall project management, multi-discipline engineering support, procurement and construction management services to BOC under a two […]

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