Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Kurdistan's Deputy Prime Minister HE Qubad Talabani to Speak at the Virtual Kurdistan Iraq Economic Forum Inaugural Conference set to navigate the economic future Kurdistan and Iraq Conference will include online sessions available live and on demand for all attendees Delegates will gain insights into the latest policy and project announcements, crucial for successful investment […]
Why you should come to the IBBC Conference in Dubai, entitled 'Opportunity in Adversity' On 19th November the Iraq Britain Business Council (IBBC) is holding its Autumn conference in person at the Address hotel Dubai Marina. Some would say it's a brave decision, considering COVID, but others are keen to take up the challenge and […]
By John Lee. A investigation by Bellingcat documents the pollution of Iraq's Shatt Al-Arab river. Analysis of open source materials suggests evidence of continuing pollution of Iraq's main waterways. Click here to read the full report. (Source: Bellingcat)
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has reportedly notified clients that it plans to launch a third crude oil export grade in January. Sources told Reuters that the 'Basra Medium' grade will be created by splitting the existing Basra Light production into two grades. Click here to read the full article. (Source: […]
Genel Energy has issued the following trading and operations update in respect of the third quarter and first nine months of 2020. Bill Higgs (pictured), Chief Executive of Genel, said: "Genel continues to demonstrate its resilience and ability to be move quickly to navigate changing external conditions. Production has remained robust, increasing quarter on quarter, […]
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 […]
