Tag Archives | North Oil Company

Third NOC Official Assassinated

By Simon Kent. An official with the Iraqi North Oil Company has been shot dead in Kirkuk, northern Iraq, Reuters reports. The murder of Hassan Salim is the third assassination of an oil official from the NOC in just four months, in an area which has been disputed by Arabs, Kurds and Turkmen since the fall of the […]

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Technical Problems Halt Kirkuk Oil Exports

By John Lee. A source at Iraq’s North Oil Company has said that technical problems have stopped the export of Kirkuk crude oil to Turkey via the Kurdistan pipeline. He told BasNews that the problem happened in Turkey, not in the Kurdistan Region. It remains unclear when the problem will be resolved. (Source: BasNews)

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KRG Statement on Kirkuk Oil Fields

KRG statement on recent events at oil facilities and infrastructure in Makhmour district This morning, members of the Kurdistan Regional Government (KRG) and Kirkuk Oil Protection Forces moved to secure the oil fields of Bai Hassan and the Makhmour area, after learning of orders by officials in the federal Ministry of Oil in Baghdad to […]

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Kurdish Plan to up Exports, Share Kirkuk Revenue

By John Lee. The KRG’s Minister for Natural Resources, Ashti Hawrami (pictured), has told Reuters that the Kurds have plans to increase their oil exports eight-fold by the end of 2015. He said Kurdish oil exports could double “within a month or so” to around 250,000 bpd and hit 400,000 bpd by the end of […]

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Gharraf Oil Starts Field Production

By John Lee. The Gharraf [Garraf] oil field in Thi Qar [Dhi Qar] province, 85km north of the City of Nasiriyah, produced its first commercial output of oil on 31st August. Iraq’s Ministry of Oil said the flow rate was 35,000 barrels a day, and peak production of 230,000 bpd was expected in 2017. Japan […]

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Bombs Again Shut Ceyhan Pipeline

Iraq’s oil exports to Turkey were halted again on Wednesday, this time by bomb attacks targeting the oil pipeline north of Baghdad. Reuters‘ sources say one attack took place at around 0100 local time near Hadhar in Nineveh Province, 80 km south of Mosul, with another section of the line also attacked near Fatha, between […]

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Production to Start at Gharraf this Month

By John Lee. Iraq’s Ministry of Oil has announced that the long-awaited start of production at the Gharraf [Garraf] oilfield is now scheduled for the end of August. Initial output is expected to be 35,000 barrels per day (bpd). The company previously had a plan to start operations by September of last year, and were […]

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Start of Production at Gharraf Delayed

By John Lee. Japan Petroleum Exploration (Japex) and its partners have delayed the start of production in the Gharraf [Garraf] oil field by six months, according to Bloomberg. Production was scheduled for the end of 2012, but will now be postponed until the end of June; a company official blamed the delay on problems with […]

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New Boss at North Oil Company

By John Lee. Sameer Salman Al Taei has been named as the new head of the state-run North Oil Company (NOC), which oversees oil fields in northern Iraq. Formerly head of the oil fields department in the NOC, Al Taei replaces Hamid Al Saedi, who has been director general since 2010. (Source: The National)

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Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

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KRG Demands Say Over Kirkuk Oil Contracts

The Kurdistan Regional Government (KRG) has issued the follow statement on the reported granting of a contract to BP for the development of oilfields in Kirkuk: Neither Iraq’s federal oil ministry nor state-owned oil companies have the right to unilaterally award contracts to develop currently producing fields in Kirkuk province or in other adjacent areas, […]

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