DNO International ASA, the Norwegian oil and gas company, today released its Annual Statement of Reserves setting total remaining proved and probable (2P/P50) reserves at 371.9 million barrels of oil equivalent on a working interest basis as of year-end 2011. The figure represents the Company's commercial reserves, class 1-3, under the Norwegian Petroleum Directorate classification […]
Heritage Oil has announced the appointment of Colonel Mark Erwin (Retd.) as an independent Non-Executive Director of the Company with immediate effect. Mr. Erwin, aged 49, served in the United States Army for over 25 years culminating his career as the Chief of Staff of the United States Army Special Operations Command, which oversees all […]
The Middle East Association, in partnership with Eversheds LLP, is holding a seminar in London entitled “Doing Business In Iraq: Establishing A Presence And Staying Within The Law”. This seminar will take place on Tuesday 26th June, from 16:30 until 18:30. Iraq’s recent history has been dominated by conflicts and economic sanctions. But the country […]
Lukoil, Russia's second-largest crude oil producer, has confirmed that it will be able to develop Iraq's West Qurna-2 oilfield without partners. "Today we are able to implement this project by ourselves," president Vagit Alekperov told reporters in the Spanish city of Barcelona on Friday. Reuters reports that production from the field will reach 150,000 barrels […]
Starwood Hotels and Resorts Worldwide has signed an agreement with BCD Co. to manage a new-build Sheraton hotel in Erbil, Iraq. Scheduled to open in 2015, the Sheraton Erbil Hotel will mark the re-entry of Starwood in the country after 20 years. Located in the new part of the city, approximately 10 minutes from Erbil […]
Reuters reports that Iraq has bought 300,000 metric tons of wheat and 150,000 tons of rice According to Hassan Ibrahim, Director General of the Iraqi Grain Board, the rice was all from Thailand, while the wheat was: 150,000 tons from Australia; 100,000 tons from Canada; and, 50,000 tons from Kazakhstan. (Source: Reuters)
Britain’s Ambassador to Iraq on Friday concluded a one-week visit to the Kurdistan Region by meetingwith President Masoud Barzani and Prime Minister Nechirvan Barzani. He visited all three of the Region's governorates, meeting students, officials and civil society representatives. Ambassador Michael Aron met with Kurdistan Regional Government (KRG) officials and visited all three provinces of […]
Japan's Toyo Engineering Corp said it has signed a General Engineering Service Agreement (GESA) to provide technical services to upstream projects to be undertaken by Iraq's state-run South Oil Company (SOC). "This agreement covers all oil fields and related facilities that SOC is responsible for in the south of Iraq. TOYO will, on a long […]
Gulf Keystone today provides an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of 10.5 […]
Iraq's the deputy head of the parliamentary security and defence committee, Iskander Witwit, has told Reuters that Iraq will take delivery of the first 24 of 36 F-16 fighter jets it has ordered from the United States at the beginning of 2014. He said the first 24 planes would make up two air force squadron, […]
Iraq's electricity ministry signed the $363 million, 1,014 megawatt, power plant deal with Egypt's Orascom Construction, which was announced in February. The contract involves building the plant and installing six 169 MW generators, which Iraq bought from Siemens in 2008, at the facility in Baiji [Beiji, Bayji]. The project is expected to be completed within 21 […]
SGS has been awarded a three-year contract by India's Lanco Group [Lanco Infratech, LANCI] to manage on-site quality control for the construction of its new gas power plant in Anbar Province, Iraq. The AKAZ [Akkaz, Akkas] power plant at al-Qaim will have a capacity of 250MW (2x 125MW) and is estimated to require three years […]
