The Gulf Today reports that Iraq's State Oil Marketing Organisation (SOMO) has issued a tender to buy: 1.365 million tonnes of gasolinen (unleaded 92 RON); 773,000 tonnes of 0.1 percent gas oil; and, 292,000 tonnes of jet fuel. The fuel is for delivery into Khor Al Zubair terminal between January and June 2012. (Source: Reuters, […]
The Iraq Deputy Prime Minister for Energy, Dr. Hussain al-Shahristani, will be delivering the keynote address at the ‘Iraq: Untapped Opportunities’ conference in London on 22 November 2011, arranged by the Middle East Association and supported by the National Investment Commission of Iraq, UK Trade & Investment and Allurentis. Dr. al-Shahristani will be joined by […]
Iraq’s Land Transportation Company is in discussions with Dutch manufacturers DAF over the replacement of vehicles in its current fleet, reports Construction Weekly Online. According to the LTC’s media department, General Manager Abbas Omran Musa met with a delegation from DAF to discuss the supply of DAF trucks to expand the State Company’s fleet and […]
Turkey's low-cost airliner Pegasus is expected to start operating flights to Erbil, Kurdistan Region's capital city, as it looks to open new routes. Erbil International Airport manager Talar Fayaq told AKnews that the airport board is currently in talks with a number of airliners to seek possibilities of opening routes to the capital of the […]
DNO International announced that is has has completed the process begun earlier this fall, and previously disclosed in September in connection with its planned merger, to end all related party relationships with its former chairman Berge Gerdt Larsen as these were deemed by the board and management to have no continuing business purpose for DNO. […]
Iran and Iraq will be major target markets for Dubai’s newest engineering consultancy, Whitby & Mohajer, says the company’s MEP director. While the usual target markets of Saudi Arabia, Qatar and the UAE will still be areas of interest, Louise Collins told MEP Middle East said that the intense competition for MEP contracts in those […]
The American petrochemical producer Chevron Phillips Chemical is to invest $6 billion [7.2 trillion Iraqi dinars] to create a new facility in Basra. AKnews reports that the Company has obtained a licence to operate in the city, and that Basra Investment Commission has also voiced its support for the project and is now seeking to allocate […]
DNO International ASA has redirected nearly one third of its crude oil production in the Kurdistan Region of Iraq to sales to the domestic market in a move that will improve predictability and stability of its revenue stream. The Company recently signed contracts with three buyers for delivery of around 675,000 barrels of oil from […]
Iraq's oil ministry has signed a final deal with Korea Gas Corp. (KOGAS) to develop its Akkas gas field in the western province of Anbar, according to Reuters. Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round last October. But KazMunaiGas pulled out of the […]
Iraqi Deputy Prime Minister with responsibility for energy issues, Hussein al-Shahristani, called on a visiting Indian delegation on Sunday to make much-needed investments in Iraq's energy, industry and housing sectors, according to AFP. "Shahristani discussed the means for Indian investment and developing the industrial and oil sectors in Iraq with an Indian delegation," according to […]
Erbil, capital of the Kurdistan Region, will this month host Iraq’s largest international trade fair for the seventh consecutive year. More than 850 exhibitors from over 20 countries are participating in the exhibition. Decision-makers from not only the Kurdistan Region but also other parts of Iraq are expected to visit the exhibition to meet the […]
Bloomberg reports that Iraq will ask companies to build an oil refinery when it invites bids to develop the Nasiriyah field south of Baghdad. Abdul- Mahdi al-Ameedi, the head of the ministry’s licensing department, said, “we will not develop the Nasiriyah oil field on its own but in tandem with the establishment of a refinery”. […]
