Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. KRG Prime Minister Masrour Barzani has inaugurated the Lanaz Refinery in Erbil. According to a statement from the KRG, the inauguration paved "the path to hundreds of new employment opportunities for Kurdistani youth at the facility, which boasts of a production capacity of 75,000 barrels of crude oil per day." The statement […]
By John Lee. More than 100 representatives of leading Iraqi and Russian businesses took part in the Russian-Iraqi Business Forum in Moscow last week. According to a press release from The Chamber of Commerce and Industry of the Russian Federation, the Ambassador of Iraq in Moscow, Mr. Abdurakhman Al-Husseini, told delegates that Iraq is open […]
From the Iraq Britain Business Council (IBBC): IBBC focused on 'Iraq - Identifying Business Opportunities' in Dubai conference 10 & 11 November 2022 After a year it now appears, the Iraqi government is forming led by PM designate Mr Mohammed Al Sudani under President Abdul Latif Rashid. There are significant implications for this development […]
By John Lee. China Petroleum Engineering & Construction Corp (CPECC) has reportedly signed a contract for the design, procurement, construction and testing of new crude oil processing facilities at Iraq's giant Rumaila oilfield. According to a report from the China International Contractors Association, the facility in Mishrif Qurainat (MQ) is the first new crude oil […]
By John Lee. The Iraqi Oil Exploration Company has signed a contract with China National Offshore Oil Corporation (CNOOC) to study Iraq's offshore oil block in the Gulf. The Undersecretary for Extraction Affairs represented the Oil Minister, Mr. Ihsan Abdul-Jabbar Ismail, at the signing ceremony. The General Manager of CNOOC Middle East and Iraq said […]
DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2022 operating and interim financial results on 3 November 2022 at 07:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as other key financial information that will be further discussed in the earnings call. […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Pushes Key Gas Developments To Reduce Import Dependence On Iran Iraq is advancing some key associated gas projects at the Gharraf and Nassiriya oil fields. Click here to read […]
By Hassan Al-Saeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's commitment to OPEC oil reduction won't affect exports Iraq's oil reduction per the recent OPEC+ agreement will not affect the country's revenues, according to Iraq's oil minister. Click […]
By John Lee. Iran has said it will increase supplies of gas to Iraq. At a meeting in Isfahan with senior officials of the Iraqi Ministry of Electricity, the Director of the National Iranian Gas Company (NIGC), Mohammad Reza Joulaei, confirmed the increase, adding, "our relationship with Iraq is a strategic relationship." He said that […]
For years gas flaring has been out of control in Iraq, as oil majors have made millions of pounds in the country, according to a new report from Greenpeace. It says that some locals fear that pollution from the flaring is contributing to high rates of leukaemia and other cancers among those living in nearby […]
Writing in Oil Price, Simon Watkins argues that the decision by Iraq's Federal Supreme Court to invalidate the establishment of the Iraqi National Oil Company (INOC) opens the way for new investment from international oil companies (IOCs) into Iraq. Click here to read the full article.
By John Lee. US-based Baker Hughes has reportedly signed a contract with state-owned Dhi Qar Oil Company (DQOC) to increase production of associated gas at the Nassiriya and Gharraf [Garraf] (pictured) oilfields. Anwar Hadi Shiaa, a director of the DQOC, told the state-controlled Iraqi News Agency that the company aims to increase the gas production […]
