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Najaf Refinery Increases Production

The Najaf refinery increased production of oil derivatives by 32% in the first half of 2010, compared to the same period last year, according to the refinery’s director. “The refinery produced in the first half of 2010 33.4 million liters of Kerosene compared to 26 million liters in the same period last year, an increase […]

Arabtec Considers New Baghdad Stadium

Arabtec Construction is considering a contract to build a 100,000-seat stadium on the outskirts of Baghdad, The National has reported. "We considered it a couple of times in the past but decided against it because of the ongoing security situation," chief executive, Tom Barry said. "We were recently asked to look at the stadium project […]

Baghdad Mayoralty Allocates $6m to City

The Baghdad Mayoralty has allocated ID7 billion [$6m] to the Iraqi capital, the mayoralty said in a statement on Monday, received by Aswat al-Iraq news agency. “ID5 billion will be to develop infrastructure in Baghdad, and ID2 billion will be to purchase specialized equipment and laboratory devices,” the release said. It noted that the funds […]

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Water Resources, Land Reclamation Project in Karbala

The Ministry of Water Resources celebrated the opening of a major land reclamation project in Husseiniya, which is located on the East of the Euphrates River. Karbala's governor, Prof Amal Al-din Mejid Al-Herr, was also in attendance. A press statement issued by the ministry said that the project included a network of irrigation channels and […]

Oil Export Facilities to Cost $50 Billion

Iraq’s plans to expand its oil pipelines and other export facilities will cost $50 billion, the Middle East Economic Survey reported today, without saying where it got the information. As part of this program, the country intends to build a pipeline that would carry heavy oil from the Majnoon, East Baghdad, Qayara and Najma fields […]

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Occidental, Pertamina Consider Sonangol's Iraq Deals

US oil major Occidental Petroleum Corp and Indonesian state oil firm Pertamina have shown an interest in taking a stake in Sonangol's two Iraqi oilfield development projects, a company official said on Sunday. "Our proposal will be for Sonangol to have 45 per cent in Najmah and Qayara [Qaiyarah]," Sonangol executive J. da Graca Luis […]

BP to Raise Iraq Output by 100,000 bpd

British oil major BP, along with its partner China National Petroleum Corp, plans to increase production from Iraq's Rumaila oil field by more than 100,000 barrels a day at the beginning of next year, a BP executive said Sunday, according to a report in the Wall Street Journal. "Initial production will go up by 10% […]

Saudi Firm Eyes Oil Investments in Iraq

Saudi industrial and energy services company Taqa (TAQA.AD) is considering investing $1.6 billion in pipelines and $133 million in offshore platforms in Qatar and Iraq, an Arabic newspaper said on Friday. Officials from Taqa told the Saudi-owned daily Asharq al-Awsat they were considering investing in the gas industry in Qatar and the oil industry in […]

Iraq Expects 60,000 bpd Output from al-Ahdab in 2011

Iraq expects the CNPC-operated al-Ahdab oilfield to have an initial production rate of 60,000 barrels per day from July 2011, Deputy Oil Minister Abdul Kareem Luaibi said on Sunday. Al-Ahdab was the first major oilfield development contract awarded by the Iraqi government after the 2003 US-led invasion when it agreed to revive a Saddam Hussein-era […]

U.N. Presses Iraq on Energy Reforms

Iraq lacks appropriate measures in its energy sector that prevents it from managing its export revenues effectively, officials told the U.N. Security Council. Jun Yamazaki, the assistant secretary-general at the United Nations' office of planning and budgets, told the Security Council that Iraq needs to implement an oil-metering system to funnel export revenue toward development […]