The Kurdistan Regional Government has officially reopened its representative office in Stockholm, Sweden, and appointed Mr Herish Khola Aziz Farhan as the Representative. The decision to reopen the Kurdistan Regional Government (KRG) Stockholm Representation was made at the KRG overseas representatives’ conference in September. The Stockholm Representation will reopen to the public for international enquiries […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Five unspecified "directors" are suspected of corruption in electricity contracts, the parliamentary Investigative Commission said today. According to the report from AKnews, the Committee did not say if these "directors" are employed by the government, nor did it specify what exactly the "directors" are directing, but committee member Uday Awwad said that the "directors" received […]
Iraq is looking for $1.5 billion [1.8 trillion Iraqi dinars] in investment in its natural-gas industry in the country’s 4th energy licensing round, set for March, according to Bloomberg. Natik al-Bayati, a senior petroleum expert on the prime minister’s advisory commission, said that gas from the seven or eight concessions to be offered for bids […]
Weatherford International has won a deal to build early production facilities at Iraq's untapped Garraf oil field in southern Iraq, a former Iraqi oil ministry official said Wednesday, according to a report from Dow Jones. Adnan Galay, who retired as chairman of the field's joint management committee a few weeks ago, declined to give the […]
Iraq's oil exports and income in September were the lowest since February as pumping along the Ceyhan pipeline to Turkey was disrupted due to multiple stoppages, according to Bloomberg. The country exported a total of 63.1 million barrels of oil last month at an average price of $104.90, bringing in total income of $6.619 billion, […]
Sterling Energy has issued its Interim Management Statement for the period beginning 1 July 2011. Angus MacAskill, Sterling's Chief Executive, said: "We are pleased with the progress made towards introducing a partner to the Ntem block in Cameroon and expect to complete the process by the end of 2011. "Following the disappointing results of the […]
If you're reading this article on our weekly newsletter, you are now one of more than 10,000 valued subscribers who have our weekly news digest sent directly to their inbox. We're proud to have passed this milestone, and we look forward to continuing to bring you all the most relevant news in Iraqi business. In […]
ExxonMobil, BP and Eni plan to spend around $100 billion to upgrade their three oilfields in southern Iraq, Thamer Ghadhban, top energy adviser to the Iraqi Prime Minister said on Wednesday. According to the report from the Wall Street Jounal, some $50 billion would be spent to upgrade Exxon's supergiant West Qurna Phase 1 oilfield, […]
Dow Jones reports that Iraq has agreed with oil majors to build a multi-billion-dollar oil field water injection plant in the south of the country, after disagreement over costs that suspended the project for months. The water injection project aims to provide water to maintain reservoir pressure to fields such as Rumaila, West Qurna Phase […]
By Dr Thamir Uqaili Dr Uqaili is E&P Consultant and CEO of Petroconsult Canada & Associates. He has BSc in Oil Technology and PhD in Petroleum Engineering form the Imperial College in addition to MSc in Water Resources Technology from Birmingham University. Dr Uqaili worked in over ten countries including some 35 years in Iraq, […]
Iraq's South Oil Company has awarded Italy's Saipem the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal (ABOT), off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The contract encompasses the engineering, procurement, […]
