Tag Archives | Turkiye Petrolleri

Gazprom Neft Halves Badra Production Target

By John Lee. Russia’s Gazprom Neft has reportedly revised down its output plateau for the Badra oil field. Denis Sugaipov, head of Gazprom Neft’s department of large projects, told Reuters that the consortium running the project has proposed setting the output plateau for the next few years at its current level of around 85,000 bpd, […]

Iraq Expels Turkey’s TPAO, asks Kuwait Energy to Replace

By John Lee. The Iraqi cabinet has expelled Turkey’s state-owned Turkiye Petrolleri AO (TPAO) from the consortium that was granted the rights to explore energy block 9, and has asked Kuwait Energy to take over the shareholding. Abdul Mahdi Al Ameedi, director of the oil ministry’s Petroleum Contracts and Licensing Directorate (PCLD), said: “For reasons […]

Iraq Signs Energy Exploration Contracts

By John Lee. Iraq signed the gas exploration contract with Pakistan Petroleum Ltd. (PPL) on Sunday for gas Block 8, which lies in the Diyala and Wassit provinces in the East of the country. Meanwhile on Monday, a consortium led by Kuwait Energy signed the contract for oil Block 9, having bid fee of $6.24 […]

Iraq Signs $365m Iranian Gas Pipeline Agreement

Iraq signed a $365 million agreement to install a pipeline network to import natural gas from Iran for power stations in the country, according to reports from Bloomberg and Iran Independent News Service. The pipelines will eventually supply 25 million cubic meters of Iranian natural gas a day to the Sadr, al-Quds and South Baghdad […]

Siba and Mansuriyah Gas Deals Signed

Reuters reports that Iraq signed the final contracts on Sunday to develop its Siba and Mansuriyah gas fields in deals involving Turkish, Kuwaiti and South Korean companies that will help diversify the country’s fossil fuel production. The Korean Gas Corporation [KOGAS] signed the deal for the Akkas gas field earlier in the week. “This is […]

Iraq to Import Iranian Gas

Bloomberg reports that Iraq has signed an initial agreement to import 25 million cubic meters of natural gas a day from Iran in order to supply its power stations. The agreement provides for the installation of pipelines within 18 months to transport gas from Iran to the Sadr and al-Quds power stations in Baghdad, Mosaab […]