Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Fitch Ratings has said that Iraq's government debt is set to fall steeply as a share of GDP in 2022, bringing it to pre-Covid-19 pandemic levels. It adds that while this is positive for the sovereign's creditworthiness, the decline may not be sustainable, as it partly reflects political tensions that have constrained […]
By John Lee. The Governor of Anbar, Ali Farhan (pictured), has reportedly announced new oil discoveries in the province. According to the state-controlled Iraqi News Agency (INA), the finds are in the Nukhaib and Tharthar areas. Farhan is quoted as saying that, "the local government in Anbar worked to prepare the atmosphere for oil exploration […]
By Douglas A. Ollivant for War on the Rocks. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Barzani Goes to Baghdad: Trouble in the Kurdish Oil and Gas Sector A recent Federal Supreme Court decision in Iraq has put a legal stake in the […]
By Robert Tollast for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A power grid for the Middle East: what is the GCCIA and can it benefit Iraq? Since 2012, all GCC members have been connected by cross-border power lines - […]
DNO ASA, the Norwegian oil and gas operator, will publish its Q2 2022 operating and interim financial results on Thursday, 11 August 2022 at 07:00 (CET). A videoconference call with executive management will follow at 11:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as other key […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq diversifies, expands sources of energy and electricity Iraq is looking to Arab partners to help expand energy production and imports to meet summer demand. Click here to read the full […]
By John Lee. France's TotalEnergies has re-affirmed its commitment to energy projects in Iraq. Following a meeting in Paris with Iraq's Minister of Oil, Ihsan Abdul-Jabbar Ismail, the Chairman and CEO of TotalEnergies, Patrick Pouyanne, said that Iraq is one of the most promising countries in attracting global investment for energy projects. He added that […]
By John Lee. US-based contractor KBR is to carry out the design work for Iraq's Ratawi (aka Artawi) Central Complex development. The work is part of the Ratawi gas-field project in Basra, which is being carried out by the South Gas Company (SGC) in cooperation with France's TotalEnergies. KBR's involvement was confirmed in a statement […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A confused and confusing decision by the Council of Ministers-CoM followed by an imprecise statement from the Ministry of Oil-MoO regarding Iraq-Jordan/ Basra-Aqaba Oil Pipeline-BAOP project had ignited a new wave of […]
By John Lee. The Iraqi Ministry of Oil has confirmed reports that three major US-based oilfield services companies have informed the Ministry that they will refrain from entering into new projects Iraqi Kurdistan. It says that Schlumberger, Baker Hughes and Halliburton have made the commitment to comply with the Federal Supreme Court ruling that oil […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for June of 101,191,236 barrels, giving an average for the month of 3.373 million barrels per day (bpd), up from the 3.300 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately 97,980,589 barrels, while […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for May of 102,303,020 barrels, giving an average for the month of 3.300 million barrels per day (bpd), slightly down from the 3.380 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 98,946,914 barrels, […]
