Reuters reports that Iraq's cabinet approved a $17 billion deal with Royal Dutch Shell and Mitsubishi on Tuesday to capture gas that is now being flared off in the oilfields around the southern oil hub of Basra. The 25-year venture is expected to help Iraq make use of more than 700 million cubic feet per […]
Speech by British Ambassador, Michael Aron at the Kurdistan-Iraq: Oil & Gas Conference Mr Chairman, Prime Minister, Ladies and Gentlemen. Thank you for inviting me to speak at Kurdistan-Iraq Oil & Gas 2011. The timing could hardly be better.. as the country with greatest potential for increasing conventional oil production in the medium term, the […]
The Kurdistan-Iraq Oil and Gas Conference in Erbil heard confirmation that the Kurdistan Regional Government has signed an oil exploration contract with ExxonMobil, the world's largest oil company. Ashti Hawrami, the minister for natural resources, told the conference that the KRG had signed a contract with ExxonMobil and that the federal government was kept informed […]
Following the confirmation that ExxonMobil will be exploring six blocks in Iraqi Kurdistan, oil major Chevron is said to be in talks with the Kurdish government to begin exploration activity in the region. KRG’s natural resources minister Ashti Awrami revealed that his government was in talks with 3 major oil companies to begin exploration in […]
Since 2007, the Rabee Securities RSISX index has ended on a down note every year except 2010. (See chart.) In 2007, 2008, and 2009, the index peaked in July, August, and November, respectively, subsequently falling 27%, 7%, and 9% from those peaks to the respective year-end closes. 2010 was exceptional because the new government was […]
North Gas Company announces a new Di Ethanol Amine (D.E.A) tender. Offers must be in sealed envelopes (technical offer) with indent number and closing date mentioned on the envelopes, addressed to the attention of B.B.C. (Broadly Bids Box) at North Gas Company , PO box: 16, Kirkuk , Iraq. Please note the following: -Delivery date […]
The Financial Times reports that Genel Energy plans to build a pipeline that will connect its fields in the Kurdish regions in northern Iraq to a port in Turkey on the Mediterranean. Reuters reports that the pipeline will run from DNO's Tak Tak field to Faysh Khabour, which is the upstation in the northern part […]
The number of Iraqi students enrolled in U.S. institutions of higher education in the 2010-11 academic year increased from 423 to 616 students, a 45.6 percent increase compared to the previous year. This represents the largest annual increase and the most Iraqi students studying at U.S. universities since the late 1980s. Iraq and the United […]
Basra province and the Italian oil company ENI have agreed to hold courses for agricultural personnel in both governmental and private sectors, according to Aswat al-Iraq. A meeting was held with the Italian company to grant support to agricultural projects in the province, with the attendance of representatives from Florence University in Italy, which will […]
AKnews reports that Iraqi Prime Minister Nouri al-Maliki has accepted an official invitation from the Kuwaiti Prime Minister Naser al-Mouhammed to visit the country in the coming days to discuss the outstanding issues between the two countries. Among the issues causing tensions between the two neighbours are shared oil fields, land and water border demarcations, […]
The Iraqi Ports Administration announced today that a power generation vessel arrived at Khor al-Zubair port last week. Aswat al-Iraq reports that the Turkish vessel will supply the national electrical grid with 110 megawatts of power. This is the third electricity generation vessel to arrive in Basra province. Two vessels are already working in Umm […]
Another leader of Genel Energy has stated his opinion that Norway's DNO is a possible takeover target. "DNO is our natural partner so it makes a lot of sense if we can take them into Genel," Mehmet Sepil, CEO of Genel Enerji, told Reuters. Genel Energy, formed by the combination of Vallares Plc and Turkey's […]
