By John Lee. The Iraqi Ministry of Planning, in collaboration with the Ministries of Oil and Industry and Minerals, has launched a feasibility study for the strategic Al-Nibras [Nebras] Petrochemicals Project in Basra. Consultancy firm KBR has been appointed to conduct a comprehensive technical and economic review to map an optimal implementation path, building on […]
By John Lee. Singapore-based Pacific International Lines (PIL) is launching a new weekly feeder service between Jebel Ali in UAE and Umm Qasr in Iraq, with the aim of strengthening its coverage and connectivity in the Middle East. Known as the Iraq Feeder Service (IQF), the company says the new route will complement PIL's flagship […]
By John Lee. Iraq's Ministry of Planning has held an election conference to select members of the Permanent Council for Private Sector Development. Minister of Planning, Dr. Muhammad Ali Tamim, highlighted the years of collaborative efforts that led to the council's formation, emphasizing its role in decision-making and as a fundamental partner in economic development. […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully drilled and rehabilitated four new oil wells in the Zubair oil field in Basra. The Deputy Director General of the company, Kazim Habash Khalif, said technical teams completed the drilling of a 3,598-meter well for the Zubair Field Operating Authority, boosting field production capacity. Three […]
By John Lee. Iraq's Council of Ministers has approved a recommendation from the Ministry of Foreign Affairs to establish ambassador-level diplomatic relations with Turkmenistan. The move comes after recent cabinet approval of a plan to import gas from Turkmenistan, via a swap arrangement with Iran. (Source: PMO)
By John Lee. Shares in Genel Energy closed up over 6 percent on Tuesday, after the company said it, "continued optimising cash flows, evolving our capital structure and originating and maturing opportunities to acquire new assets that add reserves and diversify our cash generation geographically." In its trading and operations update for the third quarter […]
By John Lee. The Deputy Minister of Oil for Gas Affairs, Mr. Ezzat Saber Ismail, announced that North Gas Company's investment in associated gas has reached 410 million standard cubic feet (MMSCF). During his field supervision of scheduled maintenance at the NGC facilities in Kirkuk, Mr. Ismail said the company is producing around 410 MMSCF […]
By John Lee. Basra Oil Company (BOC) has opened the first phase of a new fuel depot at the West Qurna 1 field. The depot, with a storage capacity of 800,000 liters, was opened by Mr. Asaad Aboud, Director of the West Qurna 1 Field Operations. Mr. Aboud explained that the current storage capacity of […]
On 10 November 2024, the Kurdistan Regional Government's (KRG) Ministry of Labour and Social Affairs, in partnership with the International Labour Organisation (ILO), and with funding from the European Union, launched the Digital Employment Platform. This initiative aims to boost employment opportunities and increase job market participation in the Kurdistan Region by streamlining job applications […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting of the Higher Committee for Restructuring State-Owned Public Companies on Sunday, to assess the restructuring of state-owned public companies. The meeting was attended by key ministers from departments such as Oil, Electricity, Transportation, Trade, Construction Housing Municipalities and Public Works, Agriculture, Water Resources, and […]
By John Lee. UAE-based Dana Gas has announced its financial results covering nine months to 30th September 2024. Regarding the company's operations in the Kurdistan Region of Iraq, it said: "Dana Gas and Pearl Petroleum (Pearl) are fully committed to safely and efficiently resuming the KM250 project. Following the termination of the previous EPC contract, […]
By John Lee. The Deputy Minister of Oil for Extraction, Mr. Bassem Mohammed Khudair, met with Mr. Fan Jianbang, CEO of the Chinese company Geo-Jade Petroleum, along with his accompanying delegation, on Sunday. Discussions focused on the development of the Naft Khana oil field in Diyala Province, operated by Geo-Jade on behalf of the Midland […]
