Heritage Oil Plc (LSE: HOIL), the independent upstream exploration and production company, has announced that it is hosting an investor day on Saturday in Erbil, Kurdistan Region of Iraq ("Kurdistan"). The purpose of the day is to provide attendees with more detail on the Company's operations and strategy in Kurdistan and a presentation will be […]
Companies investing in the al-Halfaya oilfield finalized the construction of residence camps and the setting up of drilling equipment to embark on the project on Dec. 15, according to the Missan Oil Company director on Friday. “The consortium of Chinese, Malaysian and French companies investing in al-Halfaya oilfield, 25 km [15 miles] east of al-Amara […]
By Ahmed Mousa Jiyad. This article was first published by Middle East Economic Survey (MEES), and is reproduced here with permission. It is a summary of Mr Jiyad's presentation to the Politics and Economics of European Energy Security conference organized by the Institute for Energy, Joint Research Centre of the European Commission, in Amsterdam on […]
The Ministry of Oil has just issued a new tender for the supply of pumps, motor-sets, fire-fighting equipment, drinking water and intake water, at the Samawa Depot project. Bids are to be received by 12 noon on 9th January 2011. Please click below to download the tender document: SCOP-QR-05-5369-9-1
Overview After a quiet ‘Eid ul-Adha levels of violence rose again last week, with at least 46 people killed and over 110 injured in attacks around Iraq. The majority of violence was concentrated in Baghdad and Mosul, with a scattering of activity around Kirkuk, Ba’qubah and the northern fringes of Salah ad-Din province. Basrah airport […]
It seems that the newly-appointed Prime Minister, Nouri al-Maliki, and his team are having to be increasingly inventive in their efforts to piece together a new cabinet. Creating, in effect, two energy ministries – if indeed these rumours are true – will help increase the size of the cabinet pie that he can then dole […]
A confidante of Prime Minister Nouri al-Maliki claims there will be a shake-up in the oil and energy portfolio when the new cabinet positions are announced. According to Iraq Oil Report, Hussain al-Shahristani will move from his current position as Minister for Oil and Acting Minister for Electricity, into a newly-created Deputy Prime Minister role […]
The Japanese International Cooperation Agency (JICA) has allocated US$600 million [700 billion Iraqi dinars] for service projects in northern Iraq’s Kurdistan Region, according to Aswat al-Iraq. The media director of the Region’s Planning Ministry, Adnan Haji Kaka, told the agency on Wednesday that, "Kurdistan’s Planning Minister, Ali Sindi, has discussed with JICA’s Chairman, Aquari Satochi […]
Local government in Basra province announced that a new gas-powered electricity station with a capacity of 500 MW will soon be built in Najibia region in the north of the province. Technical deputy Munthir Niema told NMC that the cost of the station will depend on petro-dollar balance, and its output will be used for […]
The Iraqi Oil Ministry announced on Tuesday plans to establish a natural gas extraction company in Basra in collaboration with Shell, according to reports from AKnews. Ministry spokesman Assem Jihad told the agency that the joint venture would extract the gas from the fields in Basra to power electrical generators. "The company will seek to […]
Iraq will soon achieve self-sustainability in oil products with the completion of the four new oil refineries now under construction, the Director General of the General Company for Southern Oil Refineries said on Wednesday. “Our production of oil products is presently increasing, as we have boosted the production of petrol about two-fold, and the coming […]
The following article was written by Ali Al-Mawlawi, an Iraqi research fellow at Baghdad-based independent think tank, the Iraqi Institute for Economic Reform. It was published by openDemocracy, and is reproduced here under their Creative Commons licence. The World Bank has described corruption as ‘the single greatest obstacle to economic and social development.” The prospects […]
