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 June of 105,640,161 barrels, giving an average for the month of 3.521 million barrels per day (bpd), an increase from the 3.490 bpd exported in May. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues for […]
By John Lee. Baghdad has reportely postponed plans to create a new national oil company until a new government is formed. In March, Iraq’s parliament voted to establish a new Iraqi National Oil Company (INOC) to manage its upstream energy sector, and serve as an umbrella body for its state-owned oil firms. More here from […]
By John Lee. Russian oil company Lukoil has published tenders for two projects at its West Qurna-2 oilfield: Decentralised Water Injection Facilities - click here for more information; Gas Turbine Power Plant Expansion - click here for more information. Interested companies have until 23rd July to apply for documents, and bids will be accepted until […]
By John Lee. The Ministry of Oil has extended the closing dates for tenders for two new oil refineries: Muthanna refinery, 70,000 bpd: More information here. Diwaniya refinery: 70,000 bpd: More information here. Companies interested in investing must submit their documents by the end of working hours on Sunday, 30th October 2018. For further information […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. People are still protesting across southern Iraq, despite a promise by the prime minister to create jobs and improve public services. The unrest began in the oil-rich province of Basra last week and […]
DNO ASA, the Norwegian oil and gas operator, today announced a two-thirds increase in production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 25,000 barrels of oil per day (bopd) following completion of the Peshkabir-4 well testing program. The well has been placed on production at a rate […]
By John Lee. ADES International Holding Ltd., a London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa, is to expand into Southern Iraq. The company will acquire two idle land rigs in Iraq from Weatherford, as part of a $287.5-million deal to buy 31 rigs […]
By John Lee. The Ministry of Oil has extended the closing date for tenders for the new 100,000-bpd refinery in Kut. Companies interested in investing must submit their documents by the end of working hours on Tuesday, 4th October 2018. More information here. For further information please contact [email protected] or [email protected]. (Source: Iraqi Ministry of […]
Following the earlier announcement that Philip Dimmock will retire and thus not seek re-election at today's Annual General Meeting, Gulf Keystone Petroleum (GKP) has announced the appointment of Martin Angle as Senior Independent Non-Executive Director with effect from Monday 16th July 2018. Mr Angle has had a distinguished executive career across investment banking, private equity and […]
By John Lee. Protestors took to the streets of Basra for the fourth day on Wednesday, protesting the killing of a demonstrator by security forces, and demanding jobs and public services. According to AFP, protesters also blocked the road leading to the oilfields of West Qurna, while international oil companies (IOCs) have reportedly moved senior […]
IBBC holds annual Cumberland Lodge Conference with Political, Academic, Education and Business Experts, 6-8 July The Iraq Britain Business Council hosted its annual Cumberland Lodge Retreat on 6-8 July, inviting a host of political, business, academic and education experts to discuss the most pertinent issues relating to Iraq and its future. The title of the […]
By John Lee. Dana Gas has said it has received $43.8 million in dividends from Pearl Petroleum Company Limited for condensate and LPG sales in the Kurdistan Region of Iraq (KRI) in the first half of 2018, including a $7 million payment for the month of June. The company added that the capacity to process […]
