Search results for "nabucco"

KRG Confirms ExxonMobil Contract

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 […]

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Hydrocarbon Reserves in Iraq

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, […]

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Iraq, Iran, Syria Sign $10 billion Gas Deal

The Iranian Shana news agency reports that senior oil officials from Iran, Iraq and Syria have signed a trilateral deal on gas trade in Iran on Monday. The deal, reportedly worth 10 billion dollars [12 trillion Iraqi dinars] involves the construction of a 5,000-kilometer (3,100-mile) pipeline to transfer Iran’s gas from the South Pars gas […]

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Iraq Safe to Visit, says German Minister

German Foreign Minister Guido Westerwelle said on Wednesday that Iraq had been deemed safe enough for potential investors to visit, after meeting his Iraqi counterpart Hoshyar Zebari (pictured) in Berlin. While discouraging tourism to Iraq, the German Foreign Ministry updated its travel warning to say that non-touristic visits 'could be considered' if sufficient precautions were […]

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Relations Improving Between Kurdistan and Turkey

According to a report from Niqash, Massoud Barzani, the Kurdistan Region Government President, was invited recently to Turkey for talks on increasing economic integration between the two states. With trade between the Iraqi Kurdistan Region and Turkey reaching $9 billion, relations between Turkey and the Region have improved significantly. Turkey is working hard in the […]

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Heritage Oil Jumps on Bid Rumours

Shares in oil explorer Heritage Oil (LSE: HOIL) rose more than 6% to 304.9p on Wednesday following rumours of a bid for the company or its assets. The increase came despite British gas firm BG Group (LSE: BG) denying that it was interested in the company. "We do not comment on market rumours or speculation […]

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Iraqi Gas to Europe 'May Take 10 Years'

Iraqi gas is unlikely to be exported to Europe via the planned Nabucco pipeline before 2020, London-based consultant Jennifer Coolidge said on Tuesday. According to the Calgary Herald, Coolidge told a roundtable at the European Autumn Gas Conference: "It might not be . . . until sometime after 2020 when large exports could be coming […]

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Kurds Want To Manage Oil Independently

Kurdistan's Prime Minister, Barham Salih, asserted that Kurdistan has had a successful oil policy and that any prospective government must allow the region to manage its own oil autonomously, according to a report from Rudaw. Due to the policy under which the Kurdistan Regional Government (KRG) has signed dozens of contracts with foreign companies independently […]

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