Tag Archives | Wassit

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Badra Oilfield to Increase Production

By John Lee. The senior deputy minister for oil has said that production at the Badra oilfield in Wasit province will reach 65,000 bpd by the end of this year. Fayadh H. Niema made the announcement during his inspection visit to two oil and gas treatment units at the field. Assim Jihad, spokesman for the […]

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The Iraqi Shanty Town Between Two Oil Fields

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Between Black Gold, Bleak Prospects: Visiting The Iraqi Shanty Town Between Two Oil Fields NIQASH visits Wasit’s Oil Town. But this is no wealthy area for oil billionaires. This shanty […]

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Petrel Resources “Incurs no Costs” in Iraq

By John Lee. In its Interim Statement for period ended 30 June 2015, Irish-based Petrel Resources issued the following update on its operations in Iraq: “Our third theatre of activities is Iraq, where we have had a presence for 18 years. The original Petrel interest was in Block 6 in the Western Desert between Baghdad […]

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Petrel says “Virtually no Activity” in Iraq

By John Lee. In a statement to the company’s Annual General Meeting in Dublin on Wednesday, the Chairman of Petrel Resources, John Teeling, said that there is “virtually no activity” at the company’s interests in Iraq. “The Block 6 acreage in Anbar province is a no-go area. There remains a belief that the authorities in […]

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Is Oil Industry Killing the Poor in Wasit?

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Chinese Company Pollutes, Causes Disease: Is The Oil Industry Killing The Poor in Wasit? As soon as the Chinese oil company began extracting oil from the Ahdab oil field in […]

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Arson Being Used to De-Stabilize Farms?

By Mohammed al-Zaidi. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Mysterious Fires of Wasit: Arson Being Used to De-Stabilize Iraqi Farms? A recent rash of farmland fires in Wasit province has seen accusations go flying. Is […]

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Farmers Compensated for Oil Works in Wassit

By John Lee. The Iraqi Oil Ministry has announced that it has paid compensation of more than 3 million Iraqi dinars ($2.6 million) to farmers whose lands were damaged their lands because of oil projects in Wassit province. The amounts relate to the years from 2012 to early 2015, and were paid to 618 farmers. […]

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France Considers Projects in Wassit

By John Lee. The French Consul General has reportedly said the French companies are interested in investing in Wassit Wasit] on a deferred payment basis. The Governor of Wassit province, Malik Khalaf, told AIN that during a visit to the province the Consul General discussed infrastructure projects including the building of roads and bridges, the […]

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Development Work to Begin in Kut

By John Lee. A Malaysian firm has won a 71-billion Iraqi dinar ($61-million) contract to develop the southern area of Kut in Wasit [Wassit] province, according to a report from Al-Shorfa. Wasit governor Mahmoud Talal said: “The contract includes developing and rehabilitating the southern neighbourhoods of town by developing and paving streets and implementing water, […]

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Petrel Jumps on Iraq Acquisition

By John Lee. Shares in Irish-based explorer Petrel Resources were up as much as 20 percent in early trading on Wednesday following the announcement that the company has agreed to acquire a 20 percent shareholding in Amira Hydrocarbons Wasit B.V. (“Amira”), which is the holder of a 25 per cent carried interest in certain oil […]

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Serbia Eyes Investments in Wassit

By John Lee. The Serbian ambassador to Baghdad, Radisav Petrovich, has expressed his country’s desire to invest in Iraq in general, and in Wassit province in particular. At a press conference in the city of Kut, the Ambassador Petrovich said a cooperation agreement will be signed shortly between the two countries. He added that an […]

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