Yesterday we reported that Michael Townshend, President of BP Iraq, was planning to increase production at the supergiant Rumaila oilfield by 10% over the next six months; today we can give you details of more than 100 new wells to be drilled at the field by the end of next year. Three international service companies, […]
ExxonMobil (XOM.N) and its partner Royal Dutch Shell (RDSa.L) have not been affected by a delay in the formation of Iraq's new government, and work on their West Qurna Phase One project is moving ahead, an Exxon executive said on Monday. Exxon expects to tender later this year to drill new wells in the supergiant […]
A group led by Gazprom Neft aims to start drilling in Iraq's Badrah oilfield next year as part of its plan to reach 15,000 barrels per day by the last quarter of 2013, a company executive said yesterday. Gazprom and its partners plan to issue a tender this month to drill three to four new […]
On Monday, Gulf Keystone announced the arrival of the initial loads of production facility equipment to the Shaikan field location and the commencement of the rig move by the AOS Discover-1 drilling rig to the Sheikh Adi-1 exploration well site. The first pre-packaged production equipment units have arrived at the production facility construction site near […]
The Iraq Petroleum 2010 conference will bring together high profile speakers, senior decision makers, leading businessmen, policy makers and advisors to debate key strategic issues, share expertise and exchange views. As Iraq plans to quadruple its oil production and the second round of bidding is complete, this year we will be focusing on longer term […]
The government has given the green light to Iraqi provincial authorities to invest in power plants. The move comes amid reports that the central government has almost given up hope of revamping the national grid on its own. The move is also part of the government’s new policy to grant provincial authorities and private entrepreneurs […]
Iraq’s oil minister, Hussain al-Shahristani, has addressed some of the complaints by oil majors about bureaucracy hampering their efforts to bring staff and equipment into the country, according to a report from Reuters. Getting visas for oil industry professionals entering Iraq to work on oilfield development contracts ranks as a major hassle facing oil companies […]
Kuwait has given initial approval to open a special border crossing with neighbouring Iraq for international oil firms working there, an Iraqi oil official said on Monday, according to a report from Arab News. “There is kind of initial approval from Kuwait’s side,” Abdul-Mahdy al-Ameedi, director of the Oil Ministry’s licensing office, told Reuters. “This […]
The Najaf refinery increased production of oil derivatives by 32% in the first half of 2010, compared to the same period last year, according to the refinery’s director. “The refinery produced in the first half of 2010 33.4 million liters of Kerosene compared to 26 million liters in the same period last year, an increase […]
Iraq's Prime Minister, Nouri al-Maliki, called for the development of economic and trade relations with South Korea, according to a statement of his office on Monday. “On Monday (July 19) Al-Maliki held a meeting with a delegation of South Korean companies, Ambassador Su B. Park, and Head of the National Investment Commission Sami al-Aaraji,” said […]
Arabtec Construction is considering a contract to build a 100,000-seat stadium on the outskirts of Baghdad, The National has reported. "We considered it a couple of times in the past but decided against it because of the ongoing security situation," chief executive, Tom Barry said. "We were recently asked to look at the stadium project […]
The Baghdad Mayoralty has allocated ID7 billion [$6m] to the Iraqi capital, the mayoralty said in a statement on Monday, received by Aswat al-Iraq news agency. “ID5 billion will be to develop infrastructure in Baghdad, and ID2 billion will be to purchase specialized equipment and laboratory devices,” the release said. It noted that the funds […]
