Tag Archives | Maysan

The latest news on Mysan / Missan, Iraq – petroleum, gas, oil & oilfields, and more -brought to you by Iraq Business News

NIC Invites Bids for Renewable Energy Plants

By John Lee. Iraq’s Ministry of Electricity, in coordination with the National Investment Commission (NIC), have announced an investment opportunity to construct three solar power stations and one wind power station. The plants will capacity of between 5 and 10 MW, and be situated in Diwaniya, Najaf and Missan (Maysan) provinces: Diwaniya: A solar power […]

Lebanese firm Launches $80m Amarah Project

By John Lee. A Lebanese company has launched a major construction project in Maysan governorate. Hariri Construction and Contracting Company (HARCO) was awarded the $80-milllion ‘Luluat Al Amarah’ (Pearl of Amarah) contract in late 2014, and has just started excavation at the site. It involves the construction of a five-star 16-storey hotel with 192 rooms, […]

Halfaya Oil Targets Reduced

By John Lee. The Missan Oil Company has announced an agreement with the China National Petroleum Corporation (CNPC) to reduce the final production target for the Halfaya oilfield from 535.000 barrels per day (bpd) to 400.000 bpd. As a result, production will be extended from 20 years to 30 years. CNPC has a 37.5 percent […]

CNPC: New Maysan Pipeline Complete

By John Lee. China’s CNPC have announced the completion of a 272 kilometre crude oil pipeline which connects Halfaya and Burzugan [Bazargan] oilfields in southern Iraq to the Al-Faw port. Incredibly, CNPC have remarked that the pipeline is passing through 30km of areas that were once minefields during the Iran-Iraq war. Today, southern Iraq is […]

$6b Refinery Deal to be Investigated

By John Lee. An Iraqi parliamentary committee has asked the Commission of Integrity to investigate the contract awarded to Satarem to build a $6-billion refinery in Maysan. Iraq Business News‘ Expert Blogger Ahmed Mousa Jiyad recently questioned the legitimacy of the contract signed with the Swiss company, prompting the Ministry of Oil to issue a statement […]

Chinese Firm Suspected of Fraud

By John Lee. China’s Caixin has reported that the Missan Oil Company (MOC) has suspended all activities of a company called Hermic, an oilfield service company controlled by former executives of the China National Petroleum Corp. (CNPC). Hermic is said to have won at least 12 engineering outsourcing contracts worth US$75 million from CNPC at the […]

Doubt Surrounds Satarem-Missan Refinery Deal

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Recent information on Satarem sheds serious doubt about its prospects and ability for executing the Missan Refinery project. Iraq’s Ministry of Oil signed, in the presence of the Prime Minister Mr. Nuri […]

Swiss Firm to Build $6bn Refinery

By John Lee. Prime Minister Nouri al-Maliki says Iraq has signed a $6 billion deal with Swiss company Satarem to build and run southern Iraq’s first new, large-scale refinery in 30 years. The oompany will set up the 150,000 barrel-per-day refinery near Amara, in Missan [Maysan] province, on a 50-year build-own-operate (BOO) contract. Satarem was created […]