Tag Archives | MERJAN

Petrel Resources eyes Opportunities in Iraq

By John Lee. Irish-based Petrel Resources has said that one of its main priorities has been re-building its presence in Iraq. In its financial results for the six months ended 30th June 2019, the company said: “While challenges remain, the Iraqi government encourages international investors with Iraqi operating experience.  The security situation has dramatically improved […]

Petrel: “Interest is Reviving in Iraq”

By John Lee. In its preliminary results for 2018, Petrel Resources gave the following update on its activities in Iraq: We had high hopes of commercial success in Iraq. It has the best oil geology on the planet with drilling success over 90% and a $2 to 4 a barrel production cost. But the political […]

Iraq Offers India Three Oilfields

By John Lee. Iraq has offered three discovered oilfields to India “on a nomination basis” and agreed to renegotiate a contract pending since 2000, reports Telegraph India. Oil Minister M Veerappa Moily told reporters that Iraq offered to give state-owned Indian firms the Kifil, West Kifil and Merjan oilfields in the Middle Furat region in […]

Petrel Resources Remains Committed to Iraq

John Teeling, Chairman of Petrel Resources, made the following comments on the company’s Iraqi operations in its preliminary results for the Year Ended 31 December 2011: “First formed in the 1980’s to explore offshore Ireland, Petrel entered into Iraq in 1999. We worked diligently with the Iraqi Oil Ministry and in 2002 agreed an exploration […]

Cyprus Airways to Fly to Erbil

Cyprus Airways has added two new Middle Eastern destinations to its schedule, with flights to Erbil in Northern Iraq starting on 4th July, and flights to the Iranian capital Tehran starting on 7th July. At Erbil the first four flights will be chartered and will operate with a frequency of one per week, but the […]