Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The Turkish-based private jet charter company AirSada has won a contract to supply medical evacuation (medevac) services to Japan's JGC Corporation in Iraq. JGC is the main contractor for the major upgrading project at South Refineries Company's (SRC) Basra refinery. The contract with AirSada, which runs to September 2025, includes air ambulance […]
By Samuel Ramani, for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. What does Russia's war in Ukraine mean for Iraq? Although Iraq has avoided taking sides in Russia's war with Ukraine, the conflict could exacerbate factional divisions and […]
The IBBC Iraq conference at the Mansion House - meeting at a most important time for Iraq - Tuesday 24 May After a two-year absence, IBBC is back at the Mansion House hosting its Iraq conference on Tuesday May 24th focusing on finance, energy and sustaining economic growth in Iraq. The country stands at another pivotal moment with […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 100,563,999 barrels, giving an average for the month of 3.244 million barrels per day (bpd), down slightly from the 3.314 million bpd exported in February. The exports from the oilfields in central and southern Iraq amounted to approximately 99,115,064 barrels, […]
As part of the KRG's drive to promote transparency, Deloitte have been commissioned to produce an audited report detailing oil and gas exports, production costs, and revenues for the second half of 2021. The report, which analyzes the oil and gas industry on a quarterly basis, is now available as a PDF in English, Kurdish […]
(Source: ICF)
By John Lee. New Delhi-based Bharat Heavy Electricals Limited (BHEL) has won an order to supply a news compressor to Baiji Refinery in Iraq. The order, placed by the North Refineries Company (NRC), envisages design, engineering, manufacturing and supply of electric motor driven Recycle Gas Centrifugal compressor and will be executed by BHEL's International Operations […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Russian invasion of Ukraine has sharp impact on Iraq's economy Russia's invasion of Ukraine has caused shortages of food in Iraq and forced the government to pay more in […]
By John Lee. Genel Energy has just published details of its payments to governments for the year 2021: Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings ('Genel') for the year ended 31 December 2021 as required under the Disclosure […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up nearly 13 percent on Wednesday after the company announced that revenue for 2021 had almost tripled. In its results for the full year ended 31 December 2021, Jon Harris, Gulf Keystone's Chief Executive Officer, said: "I am pleased to report a year of strong […]
By John Lee. The Iraqi Drilling Company (IDC) has signed a partnership contract with SOCAR, the the state-owned oil and gas company of Azerbaijan, for drilling and oil-field services. The Director General of the company, Bassim Abdul Karim, said that the contract involves collaboration in the field of drilling and reclamation of oil wells, noting […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has assured the region's partners in the oil and gas sector that the KRG "remains committed" to the contracts that have been signed with energy companies. Masrour Barzani told the Global Energy Forum 2022 that the contracts are "in line with our oil […]
