Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
The Prime Minister of Iraq, Mustafa Al-Kadhimi, and Iraqi Oil Minister Ihsan Abdul Jabbar Ismail, received a delegation from LUKOIL on Monday, headed by its President Vagit Alekperov (pictured). The meeting was also attended by the Russian Ambassador Maxim Maximov. The parties discussed the progress of the West Qurna-2 project and Eridu field (Block-10), as […]
By John Lee. Iraq's Ministry of Oil has announced initial oil exports for October of 89,153,899 barrels, giving an average for the month of 2.876 million barrels per day (bpd), up from the 2.613 million bpd exported in September. These exports from the oilfields in central and southern Iraq amounted to approximately 86,000,000 barrels, while […]
DNO ASA, the Norwegian oil and gas operator, today reported boosting Kurdistan output to 113,700 barrels of oil per day (bopd) in the third quarter, reversing declines triggered by oil market convulsions in the wake of Covid-19. Production from the DNO-operated Tawke and Peshkabir fields was up 12 percent from the prior quarter following a […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Recent Data Draws Bleak Prospect for Iraq Next Year The Iraqi economy has been in a bad shape and, in the short term, it is going to get worse; nothing new about […]
By Padraig O'Hannelly. A major petroleum conference has heard expert advice on the steps Iraq should take to increase its prosperity and wellbeing. Addressing delegates at CWC/GFEn's Iraq Petroleum conference, held online this week for the first time, Anne-Laure Kiechel, Founding Partner at Global Sovereign Advisory, stressed the importance of fighting illegality in Iraq. She […]
From the Iraq Energy Institute (IEI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. For Q3 2020, our first non-oil economy part examines Iraq's current challenges and economic potential at the macro and micro level. With the oil economy review, there two reports […]
By Luay al-Khatteeb, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Future Isn't Oil, It's Sustainable Electricity As the country continues to grapple with the aftermath of the Islamic State insurgency, revolutionizing the country's energy sector could be the […]
By Muhammed Magdy 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, Jordan, Egypt economic partnership gains momentum The tripartite meeting between the foreign ministers of Egypt, Jordan and Iraq, and the ensuing agreements to boost cooperation raises questions about […]
By Joe Snell 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 invites international bidders to Mansuriya gas field Iraq has invited international bidders to develop its Mansuriya gas field near the Iranian border, Iraqi Oil Minister Ihsan Abdul Jabbar told […]
Breaking Out of Fragility: A Country Economic Memorandum for Diversification and Growth in Iraq Iraq is at a crossroads. Almost two decades after the 2003 war, the country remains caught in a fragility trap, facing increasing political instability, growing social unrest, and a deepening state-citizen divide. Amid a multitude of crises (including an oil price […]
By John Lee. Iraq's Minister of Oil, Ihsan Abdul Jabbar Ismael [Ihsan Abduljabbar] (pictured) has reportedly proposed setting up a joint oil company to manage the production and export of oil from Iraqi Kurdistan. According to Shafaq News, the new company would be "linked technically and administratively to the presidency of the region and the […]
Former Unaoil executive sentenced for paying bribes to win $1.7-billion worth of contracts Basil Al Jarah has today been sentenced to three years and four months' imprisonment for paying in excess of $17m in bribes to dishonestly secure approximately $1.7bn worth of contracts in post-occupation Iraq. Al Jarah, Unaoil's former Iraq partner, conspired with others […]
