WesternZagros Resources has made a major oil discovery in the Oligocene reservoir at the Kurdamir-2 exploration well in the Kurdistan Region of Iraq. The Kurdamir-2 well has reached the intermediate casing depth of 2,812 metres, and has drilled through the Oligocene interval. Wireline logs indicate a porous zone of 140 metres thickness within the Oligocene […]
The Turkish company Çalık Enerji will open its 250 mega watt Khairat power station at the beginning of July, the first of 20 stations Iraq hopes to build around the country, reports AKnews. The Deputy Prime Minister for Energy, Hussein al-Shahristani, made the announcement today and told AKnews that the Ministry of Oil will provide fuel […]
Iraq's oil ministry says oil exports in February have declined by nearly 4.5 percent compared to the previous month, as a result of bad weather and sabotage of pipelines. "Iraq exported 58.4 million barrels of crude in February, down from 65.3 million barrels a month earlier and the lowest such figure since November 2010, figures […]
The head of the Basra Investment Commission (BIC) and a number of local officials inspected the Modern Basra City project, implemented by the US-based Wadi Sawa International in al-Sabkh region, near the Sports City. "Basra's governor, accompanied by the head of the BIC, hailed the project's design and the ongoing work which includes the establishment […]
The Kipp Report, citing sources at Iraq's state-owned South Oil Company, reports that Iraq's new offshore oil export terminal had resumed operations at 7.30 p.m. (1630 GMT) on Thursday, and was loading at a rate of 576,000 bpd. Iraq’s Oil Minister Abdul Kareem Luaibi had said earlier on Thursday that bad weather rather than technical […]
AKnews reports that Iraq will stop importing electricity from neighboring countries by the summer of 2013. Instead of depending on foreign countries for electricity, new capacity will be introduced over the next two years to the national grid, and energy production will reach 20,000 MW. Ministry spokesman Musab al-Mudarres told AKnews the ministry currently has […]
Iraq’s Minister of Transport Hadi al-Amiri (pictured) talks to NIQASH about Iraq’s role in alleged Iranian weapons smuggling into Syria as well US spy drones over Iraq monitoring Iranian activities. “It’s a lie,” al-Amiri says. Al-Amiri also talks about how a recent visit to Iraq’s neighbour, Kuwait, could see Iraqi Airways flying again. And he […]
Libya has restored full diplomatic relations with Iraq and plans to send an ambassador to Baghdad, according to a report from AFP. Libya announced in June 2003 that it was breaking off diplomatic ties with Iraq and closing its embassy shortly after the US-led invasion of the country earlier that year, following which foreign diplomats […]
AKnews reports on Saturday that Iraq's state-owned North Oil Company has signed a preliminary agreement with BP to increase production at the Kirkuk oilfield from about 280,000 barrels per day (bpd) to 580,000 bpd. Hussein Allam, the undersecretary of North Oil Company said: "The initial agreement is part of a high-level plan carried out by […]
The number of tourists visiting Kurdistan on the third day of Nawroz, the Kurdish New Year, reached 112,000 on Friday, about double the number who visite last year's celebrations, according to a report from AKnews. Friday’s figures mean an increase of about 36% from the first day of Nawroz when 82,000 tourists visited the region. […]
Todd Kozel (pictured), CEO of Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) will receive a $20 million pay package, making him one of the UK's highest paid executives. According to Reuters, his earnings doubled in 2011 to at least 12.8 million pounds ($20 million), 11 million of which is in share awards plus a cash […]
Gulftainer, the largest privately owned port operator in the world based in Sharjah, has recently appointed Jay New as its new Commercial Director. Jay will be based in the Sharjah headquarters, overseeing and progressing the company's commercial operations in the region and worldwide. Jay has worked in the ports, shipping and logistics field for over […]
