Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Shares in DNO ASA, the Norwegian oil and gas operator, were trading down 7.5 percent on Thursday morning, after the company reported a net loss for the third quarter. The company reported what it described as strong third quarter revenues of USD 227 million, up 33 percent from a year earlier, on […]
By John Lee. Iraq’s Ministry of Oil has announced oil exports for September of 107,276,327 barrels, giving an average for the month of 3.576 million barrels per day (bpd), down from the 3.603 million bpd exported in August. These exports from the oilfields in central and southern Iraq amounted to 103,010,306 barrels, while exports from […]
By John Lee. The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. It authorised the Ministries of Education, Higher Education and Scientific Research, other ministries, public bodies and local councils to recruit holders of post- graduate degrees, and to exempt this round of recruitment […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. EITI Restores Iraq’s Compliance Status, with Conditions Attached The board of the Extractive Industries Transparency Initiative (EITI) decided on 16 October 2019 to reinstated Iraq status as a “compliant” country in conformity […]
Genel Energy has announced the signing of a contract with Parker Drilling for the drilling of the QD-2 well on the Qara Dagh field (Genel 40% working interest, operator), in the Kurdistan Region of Iraq. The QD-2 well will test the structural crest 10 km to the north-west of the QD-1 well, which tested sweet, […]
By John Lee. Iraq and Norway have reportedly signed a three-year 'oil-for-development' agreement on Monday. According to MENAFN, the deal was signed during a visit by Norwegian Prime Minister, Erna Solberg to Iraq. (Sources: MENAFN, KUNA)
The EITI Board has decided that Iraq has made meaningful progress in implementing the EITI Standard. Validation, the EITI’s quality assurance process, found that Iraq’s performance in implementing EITI Requirements has improved markedly since the country’s first Validation in 2017. Iraq’s suspension as a result of poor results in its first Validation has now been lifted, […]
By John Lee. The US has granted Iraq another 120-day waiver from its sanctions on Iran. According to S&P Global, a State Department spokesman said the waiver ensures that Iraq is able to meet its short-term energy needs while it takes steps to reduce its dependence on Iranian energy imports. (Source: S&P Global)
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an "oil for reconstruction" and investment program. Under the arrangement, Chinese firms work in Iraq in […]
Weatherford International plc (OTC-PINK:WFTIQ) has announced it has been awarded two fully integrated rig contracts and one well services (through-tubing intervention) contract with a multinational operator in one of the world’s largest proven oil fields located in Iraq. Frederico Justus, President of the Eastern Hemisphere for Weatherford, said: “Weatherford has operated in Iraq since 2006, […]
By John Lee. Iraq’s Ministry of Oil has announced oil exports for September of 107,276,327 barrels, giving an average for the month of 3.576 million barrels per day (bpd), down from the 3.603 million bpd exported in August. These exports from the oilfields in central and southern Iraq amounted to 103,010,306 barrels, while exports from […]
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi President Barham Salih met separately Sept. 18 with four Kurdistan Regional Government (KRG) leaders — President Nechirvan Barzani, Prime Minister Masrour Barzani, parliament Speaker Rewaz Fayaq and Deputy Prime Minister Qubad Talabani in Erbil, the KRG […]
