Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for October of 106,859,982 barrels, giving an average for the month of 3.447 million barrels per day (bpd), down from the 3.576 million bpd exported in September. These exports from the oilfields in central and southern Iraq amounted to 103,540,855 barrels, while exports […]
By John Lee. The Iraqi Ministry of Oil has reportedly announced that it will select a number of international investment companies to build five new refineries around the country: Kirkuk with a capacity of 70,000 barrels per day (bpd); Wasit capacity of 140,000 bpd; Nasiriyah capacity of 140,000 bpd; Basra card 140,000 bpd; and al-Faw […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced the appointment of Ian Weatherdon as Chief Financial Officer ("CFO"). Mr Weatherdon has over 25 years' experience in the international oil and gas industry and joins GKP from Sino Gas & Energy Holdings Limited where he was CFO. Sino Gas is an energy company focused on […]
By John Lee. Turkish mills' pipe exports to Iraq have reportedly risen by 10.3 percent year-on-year for the first three quarters of this year. According to S&P Global Platts, Iraq bought 139,000 mt of steel pipe during the period. (Source: S&P Global Platts)
By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. With ongoing protests making other investors nervous, Moscow is charging ahead. Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for […]
DNO ASA, the Norwegian oil and gas operator, today announced issuance of a notice of discovery to the Kurdistan Regional Government of Iraq on the Baeshiqa-2 exploration well, in accordance with the requirements of the Production Sharing Contract, after flowing hydrocarbons to surface from the upper part of Triassic Kurra Chine B reservoir. Following acid […]
By John Lee. Anti-government protesters reportedly blocked the entrance to the Nassiriya oil refinery on Wednesday. Sources told Reuters that protesters blocked tankers from entering the refinery, causing fuel shortages across Dhi Qar province. The refinery has capacity of 30,000 barrels per day (bpd), but has recently been producing only 15,000-20,000 bpd. Anadolu Agency also […]
From Peace to prosperity: The Conference to find out what’s happening for Iraq business. The Iraq Britain Business Council (IBBC) Autumn Conference in Dubai on December 8th is set against a backdrop of relative peace and security in Iraq, and the prospect of oil revenues surging through the economy is driving a wider range of […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for October of 106,859,470 barrels, giving an average for the month of 3.447 million barrels per day (bpd), down from the 3.576 million bpd exported in September. These exports from the oilfields in central and southern Iraq amounted to 103,540,855 barrels, while exports […]
ShaMaran Petroleum has reported that the Atrush oil field total production has exceeded 20,000,000 barrels. ShaMaran President and Chief Executive Officer Dr. Adel Chaouch said: "This cumulative production milestone demonstrates Atrush's upward path to higher production and has been attained ahead of target. We look forward to further future production achievements and operational improvements in […]
Shares in Genel Energy closed up nearly 7 percent on Friday after the company reported increased production in its operations update for the third quarter and first nine months of 2019. The information contained herein has not been audited and may be subject to further review. Bill Higgs (pictured), Chief Executive of Genel, said: "We […]
Two brothers have pleaded guilty in the US to facilitating the payment of millions of dollars in bribes to officials in nine countries, including Iraq. Cyrus Ahsani, 51, and Saman Ahsani, 46, both of United Kingdom (UK), ran the Monaco-based oil and gas consultancy Unaoil. They are due to be sentenced on 20th April, 2020. […]
