Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Following the announcement of 16 May 2019, in which it was stated that Steve Whyte (pictured), Chairman of Genel Energy, would not be standing for re-election at the 2020 Annual General Meeting, the Company announces that Steve has now resigned with immediate effect. George Rose, Senior Independent Non-Executive Director, will act as interim Chairman until […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for November of 105,014,772 barrels, giving an average for the month of 3.500 million barrels per day (bpd), up from the 3.447 million bpd exported in October. These exports from the oilfields in central and southern Iraq amounted to 102,005,095 barrels, while exports […]
By John Lee. China Petroleum Engineering & Construction Corp (CPECC) has reportedly won a $121-million contract to upgrade gas capture facilities at West Qurna-1 oilfield. According to Reuters, the project is due to be completed within 27 months. (Source: Reuters)
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Constitutional Amendments Relating to Petroleum Issues The “October Uprising” is sustained, vertically and horizontally, causing on one side regrettable loss of human lives, inflicting serious damage and destruction to public, business and […]
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 […]
