(Source: Iraqi Children Foundation- ICF)
Want to be Good News to an Iraqi Child?
Archive | Iraq Oil & Gas News
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Terrorist Attack on Bai Hassan Oil Field
By John Lee. A terrorist attack on the Bai Hassan oilfield in Kirkuk early on Wednesday has caused casualties and damage. A statement from the Ministry of Oil said that wells 177 and 183 were bombed, and "a number of security forces and energy police were killed and wounded". The safety and firefighting teams from […]
Iraq to Invest $3bn in Basra Gas Company
By John Lee. Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail (pictured), has said that Iraq will invest $3 billion in the Basra Gas Company (BGC) over the next five years, as it pushes ahead with plans to increase gas production. The money will fund projects intended to increase BGC's gas production capacity from 1,000 to 1,400 […]
Iraq may Buy Exxon stake in West Qurna 1
By John Lee. Press reports quote Iraq's oil minister as saying that Iraq could buy ExxonMobil's 32.7-percent stake in the West Qurna 1 oil field. Ihssan Abdul-Jabbar Ismail told a news conference on Monday that the government might purchase the stake via the state-owned Basra Oil Company (BOC). BOC previously took over the Majnoon field […]
Tags: Basra Oil Company (BOC), China, DNO, Exxon, Exxon Mobil, ExxonMobil, featured, mn, West Qurna Oilfield News
Iraq Oil Export Volumes Flat for April
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for April of 88,398,319 barrels, giving an average for the month of 2.947 million barrels per day (bpd), effectively the same as the 2.946 million bpd exported in March. The exports from the oilfields in central and southern Iraq amounted to approximately 85,534,916 […]
Iraqi, Syrian Oil Ministers discuss Gas Imports
By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi, Syrian oil ministers discuss gas imports The Iraqi and Syrian oil ministers talked about the possibility of transporting Egyptian gas to Iraq through Syria during a meeting in Baghdad. Click here to […]
Iraq Finalises Oil Exports for March
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for March of 91,311,929 barrels, giving an average for the month of 2.946 million barrels per day (bpd), down slightly from the 2.960 million bpd exported in February. The exports from the oilfields in central and southern Iraq amounted to approximately 88,240,184 barrels, […]
Iraq Pays another $380m Reparations to Kuwait
By John Lee. The United Nations Compensation Commission (UNCC) made available $380 million to the Government of the State of Kuwait towards the Commission's remaining claim with an outstanding award balance. The United Nations Compensation Commission is a subsidiary organ of the United Nations Security Council. It was established in 1991 in accordance with Security […]
The Demise of ExxonMobil in the Iraqi Petroleum Sector
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Demise of ExxonMobil in the Iraqi Petroleum Sector A recent announcement by the Ministry of Oil (MoO) confirms months of speculation regarding ExxonMobil exiting one of the world's super-giant oilfields, i.e. […]
Tags: Ahmed Mousa Jiyad, Balad, Block 12, Exxon, Exxon Mobil, ExxonMobil, featured, mn, Rumaila, West Qurna Oilfield News, Zubair
Dana Gas Resumes $600m Expansion in Iraq
Dana Gas and its partner Crescent Petroleum have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600 million to add 250 million cubic feet […]
Tags: Crescent Petroleum, Dana Gas, Exterran, featured, force majeure, gas production, Khor Mor, Kurdistan News, mn, Pearl Petroleum
Could Iraq Really Become OPEC's Largest Oil Producer?
Writing in Oil Price, Simon Watkins says that there is "no insurmountable reason" why Iraq could not more than double its oil output to 8 million barrel per day (bpd) by 2029. Click here to read the full story.
Tags: featured, Iraq Oil Production News
Iraq-Lebanon Fuel Oil talks "Shrouded in Mystery"
By Noam Raydan, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-Lebanon fuel oil talks remain shrouded in mystery Despite Lebanon's deepening financial crisis, its politicians remain committed to the same stop-gap measures that have crippled the country's dilapidated electricity sector. […]