Tag Archives | CWC

Iraq could surpass Saudi Arabia in Oil Production

By Padraig O’Hannelly. A senior oil executive has predicted that Iraq could surpass Saudi Arabia as an oil producer. Addressing delegates at CWC‘s Iraq Petroleum conference in London, Majid Jafar (pictured), CEO of Sharjah-based Crescent Petroleum, said: “Iraq is hugely underexplored. We at Crescent know of 300 structures just in the Western Desert that have […]

Iraq “has a Role to Play” in Reducing Middle-East Tensions

By Padraig O’Hannelly. Following the increase in tensions in the Gulf region in recent weeks, two British diplomats have expressed the view that Iraq could have a positive role to play. Addressing delegates at CWC‘s Iraq Petroleum conference in London, the British Ambassador to Iraq, Jonathan Wilks CMG, said: “Iraq is strong enough now to […]

Security in Iraq: Location, Location, Location

By Padraig O’Hannelly. Delegates attending CWC‘s Kirkuk & Mosul Megaprojects conference in London have been told that while Iraq “has never experienced as small a number of security incidents in the post 2003-era as it is now … there are some parts of Iraq that are experiencing as many incidents as they did in, say, […]

UK Ambassador: “An Extremely Good Time to be Working in Iraq”

By Padraig O’Hannelly. A major petroleum conference in London has been told that more than 200 British companies now operating in Iraq, and those numbers are increasing. Addressing more than 300 delegates at CWC‘s Iraq Petroleum conference, British Ambassador Jonathan Wilks CMG said: “The UK and Iraq are becoming increasingly strong business partners and education […]

Details of Reconstruction Projects in Liberated Areas

By Padraig O’Hannelly. Iraq’s Deputy Minister at the Ministry of Construction, Housing, Municipalities and General Works has presented details of reconstruction projects underway in areas affected by terrorism. Dr Dara Reshid, who is also Vice President of the Reconstruction Fund for Areas Affected by Terroristic Operations (REFAATO), told CWC‘s Kirkuk & Mosul Megaprojects conference in […]

Shaping Iraq’s Role in the Global Energy Scene

There can be no doubting Iraq’s oil credentials. It is Opec’s number two oil producer, second only to Saudi Arabia, and holds the world’s fifth-largest proved oil reserves. Production is on the rise, having nearly doubled over the past decade, averaging around 4.5 million barrels per day in 2018. Almost 90 per cent of the […]

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 […]

Luiebi named Head of new National Oil Company

Iraq’s Cabinet has named Jabbar al-Luiebi, the current oil minister, to head the new Iraqi National Oil Company (INOC) – giving new momentum to a fundamental restructuring of the country’s oil sector. “Yes, he is the president of the Iraqi National Oil Company,” said Oil Ministry Spokesperson Assem Jihad, in an interview with Iraq Oil […]

Video: Iraq lures Investors to Boost Oil, Gas Output

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is hoping to lure international investors to help develop its oil and gas industry. With victory declared over fighters from Islamic State of Iraq and the Levant (ISIL, also known as ISIS), […]

Natural Gas Must Be an Asset for Iraq

By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On February 27-28, 2018, the C.W.C. Group, an energy and infrastructure conference, exhibition and training company, will organize in Berlin, Germany, the twelfth edition of Iraq Petroleum, which is one of the major […]

Iraqi Govt Ministries to Attend Oil Conference in Berlin

Iraqi Government Ministries heading to Berlin for International Meeting in February Iraq’s oil and gas industry has started 2018 with invigorating news including new blocks to be offered at a bidding round in May, several high profile deals finalised with international companies as well as the continued upstream reforms led by Minister of Oil Jabbar […]