Occidental Petroleum is planning to build a water desalination plant in Umm Qasr, Basra, an oil expert said on Monday. “The oil company seeks to implement the project as the South Oil Company refused to provide it with the water it requires to inject into wells to develop oilfields,” Dr. Jabar al-Halfi told Aswat al-Iraq […]
The Baghdad Mayoralty has allocated 7 billion Iraqi dinars [$6m] to cleaning up the Iraqi capital. “This is an additional amount to the previously allocated funds,” the mayoralty said in a press release on Monday, as received by Aswat al-Iraq news agency. It noted that there is a special services plan in Baghdad for the […]
The Iraqi Construction and Housing Ministry has announced plans to build 504 houses in the province of Diyala by the end of 2011, said the minister on Monday. Minister Bayan Dezayi [Bayan Dezei] said the project was worth 53 billion Iraqi Dinars (ID), over $45 million. Dezayi said they aim to complete the road between […]
An Iraqi economist blamed the high unemployment rate in the country on the government’s failure to develop the industries and reduce food imports, according to a report from AKnews. “The Iraqi government has failed significantly to rescue Iraq from being the main country in the region in terms of consumption of imported foods. There is […]
Gulf Keystone has announced the results of further testing of the Mus (1,627m to 1,667m) section of the Jurassic on its Shaikan-1 discovery well. Final, stable, production rates during this week's re-test, using a much improved test setup versus the original 2009 test, were measured at 1,250 bopd with an API gravity of 19.7 degrees […]
Based on a proposal from RAK Petroleum PCL and after consultation with other shareholders, the Board of DNO International recommended to the General Meeting (AGM) on 17 June 2010 that Dr. Zalmay Khalilzad and Ms. Shelley Watson be elected as new members of the Board of Directors. DNO has received the following statement from Dr. […]
South Korea's state-run petroleum company said on Tuesday that it has discovered crude oil reserves in two blocks in northern Iraq. AFP reports that the Maeil Business Newspaper said the reserves in the Bazian and Sangaw North blocks in the Kurdistan autonomous region are estimated to total two billion barrels. But the Korea National Oil […]
Iraq will produce natural gas in two years, and will become one of the most important gas exporters to Europe, according to a report from Aswat al-Iraq. As we recently reported, the fate of the three gas fields of Akkas, Mansouriya and Siba will be decided in October. A source from the Iraqi Oil Ministry […]
A former member of the Iraqi parliament has announced that Iraq lost oil wells in the border demarcation with Iran and Kuwait. Some other oil wells are located in the common Iraqi-Iranian borders in Faw and Khanaqin, but they are not divided between both parties. The Iraqi government has lost a great amount of its […]
Iraq and Kuwait are expected to reach an agreement soon setting guidelines for investing in oilfields which cross their desert border, The Kuwaiti Al Jarida daily reported on Monday, according to Reuters When Iraq invaded its Gulf Arab neighbour 20 years ago, Iraq accused Kuwait of stealing billions of dollars worth of oil from these […]
The director of Iraqi Ports announced on Monday that 120 companies would participate in the development of Iraq's ports, indicating that most of the berths will be offered on the basis of joint operation contracts between Ministry of Transport and global companies. It's expected that 120 companies, including Mazda, Siemens, Volkswagen and Audi, will invest […]
Following last week's announcement that Iraq will import gas from Iran, the country's senior deputy oil minister confirmed on Monday that it has tol Iran that it is ready to allow the transit of Iranian natural gas destined for Syria and Mediterranean countries. Kareem Al Luaby gave the confirmation to Dow Jones Newswires by telephone […]
