Tag Archives | United Arab Emirates (UAE)

Production to Increase at Al Faihaa Oilfield

By John Lee. Oil production in the Al Faihaa area (Block 9) in Basra is reportedly expected to increase in the coming year with increasing investment. Dragon Oil CEO Ali Al Jarwan told Oil & Gas Middle East that the company plans to increase production in Iraq to 100,000 barrels per day (bpd) by 2025. […]

Iraq Britain Business Council welcomes 4 New Members

By John Lee. The Iraq Britain Business Council (IBBC) has welcomed four new members, bringing its membership to 71 companies: Crescent Petroleum: Sharjah-based Crescent Petroleum is the only foreign oil and gas company to maintain a continuous presence in Iraq for three decades, and is the largest private oil and gas investor in the Kurdistan […]

Finnish Firm wins Repeat Order in Iraq

Finnish technology group Wärtsilä has said it will supply the equipment to enable an efficient, reliable, and independent power source for an Iraqi cement producing plant. The 20 MW engine power plant is being built by Al Shumookh Lucky Investments Ltd, a JV company of Lucky Cement Limited and a limited liability company registered in […]

Iraq Container Terminal (ICT) has handled 2m TEUs

By John Lee. The Iraq Container Terminal (ICT) at Umm Qasr Port has reportedly handled container traffic of two million twenty-foot equivalent units (TEUs) since operations started less than nine years ago. According to Hellenic Shipping News, the joint venture between UAE-based Gulftainer and the General Company for Ports of Iraq (GCPI) started operations at […]

Dana Gas Doubles Sales in Iraqi Kurdistan

By John Lee. Sharjah-based Dana Gas has announces that during Q1 2019, Pearl Petroleum has received $112 million (AED 411mm) from the sale of condensate, LPG and gas in the Kurdistan Region of Iraq (KRI). Dana Gas is a 35% shareholder in Pearl Petroleum and accordingly, its share of such receipts by Pearl Petroleum is […]

Dana Gas Boosts Production in Kurdistan

By John Lee. Sharjah-based Dana Gas has announced that its average production for Q1 2019 has increased by 6% year-on-year to 68,700 boepd from 65,000 boepd in Q1 2018. The first quarter production increase was led by the Kurdistan Region of Iraq (KRI), which leapt to 32,750 boepd in Q1 2019 from 26,300 boepd in […]

$700m Investment in Kurdistan Gas Project

Pearl Petroleum Company Limited, the consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a new 20-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG) to enable production and sales of an additional 250 MMscf/day that the consortium aims to produce by 2021 as part of their expansion plans […]

New Iraqi TV Channel to be Launched

By John Lee. Dubai-based MBC Group is reportedly about to start a new family-oriented entertainment channel for Iraqi viewers. According to BroadcastPro Middle East, MBC Iraq is scheduled to be launched on the evening of Sunday, 17th February. CEO Sam Barnett is quoted as saying: “MBC Iraq is a premium television network that caters to […]

Iraq starts Rebuilding iconic Mosul Mosque

Iraqi religious leaders have laid the cornerstone to rebuild Mosul’s landmark Al-Nouri Grand Mosque, which was blown up in the battle with Daesh terrorists in 2017. The mosque and its iconic leaning minaret were built in the 12th century. Iraqi forces defeated the terror group in the last of its urban strongholds last year, recapturing […]