Tag Archives | Korea Gas Corporation

Daewoo Wins $589m Gas Separation Contract

By John Lee. Iraq’s cabinet has approved an $589 million oilfield service contract with South Korea’s Daewoo Engineering & Construction. The contract, approved on Tuesday, is for the engineering, procurement and construction of a gas separation facility at the Zubair oilfield. Production at the field is planned to increase from the current 320,000 barrels per […]

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 […]

Eni’s Scaroni Meeting with al-Maliki

By John Lee. Iraqi Prime Minister Nouri Al-Maliki and Eni’s CEO Paolo Scaroni (pictured) met on Monday in Baghdad to discuss Eni’s activities in the country. During the meeting, Mr Scaroni along with Claudio Descalzi, COO of Eni E&P, updated the Prime Minister on the development activities at the Zubair oil field and discussed the […]

KOGAS wins $127m Iraqi Pipeline Project

By John Lee. Korea’s state-run Korea Gas Corporation (KOGAS) has won a $127m contract to build a 110-kilometer pipeline linking the Iraqi cities of Kirkuk and Baiji. The company said it will sign the contract with Iraq’s state-run Oil Pipelines Company (OPC) this month. KOGAS was selected as the preferred builder in a process that had eight […]

KOGAS, Occidental, get Oil from Zubair

Korea Gas Corp (Kogas) said on Tuesday that it will receive 500,000 barrels of crude oil on 15th December as “remuneration fees” and as a return on investment for helping develop Iraq’s Zubair oil field. Kogas plans to sell the crude in the international market, according to a report from MarketWatch. Its project partner, Occidental […]

KazMunaiGas Drops Out of Akkas Gas Deal

KazMunaiGas has informed Iraq’s Ministry of Oil that is is withdrawing from negotiations on the Akkas gas field in Anbar province. “Unfortunately, the talks have failed to resolve all issues which emerged at a late stage”, the company said in a statement, “and it has not been possible to develop a consensus document that would […]