Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Kuwait's Oil Minister, Essam Al-Marzouq, has said his government has agreed to receive natural gas from Iraq in part payment of it Gulf War reparations. According to a report from BasNews, Iraq will initially send 50 million cubic meters of natural gas (per day?), later increasing to 200 million cubic meters; KUNA […]
By John Lee. Genel Energy has announced that production at its Taq Taq field in Iraqi Kurdistan, in which it has a 44 percent working interest, averaged 13,475 barrels per day in September. This is considerably below the 2017 year-to-date average of 19,398 barrels per day. (Source: Genel Energy)
Iran’s Ministry of Roads and Urban Development warned companies against shipment of oil products to and from the Iraqi Kurdistan “until further notice”. The decision is in line with Tehran’s series of measures in response to a referendum held in the semi-autonomous region on possible secession from Iraq which has drawn international criticism. “Given the […]
From Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. Russian President Vladimir Putin had been banking on Iraqi Kurdistan Region President Massoud Barzani. Over the past year, Russia has invested over $4 billion in the Kurdistan Region’s energy sector, overtaking the United […]
Iraqi Prime Minister Haider al-Abadi has hinted that his government wants to take control of revenue generated from Kurdish oil exports. The measure is the latest of a set of actions taken by Baghdad against the Kurdistan Region for carrying out last week's referendum that saw a 92-percent vote for independence, the first of which […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for September of 97,204,267 barrels, giving an average for the month of 3.240 million barrels per day (bpd), slightly more than the 3.216 bpd exported in August. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdish Politicians Talk About Post-Referendum Threats And Demands While many uncertainties remain about Iraqi Kurdistan’s referendum on independence, there is one thing that seems clear to the people on […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kirkuk’s Kurdish Governor: If Baghdad Blockades Us, ‘We Will Manage’ In an interview, the controversial governor of Kirkuk, Najmuddin Karim, talks about Baghdad’s attempts to fire him, military tensions and […]
By John Lee. Kuwait Energy has said that by focusing on its Iraqi operations, it is protected against oil price fluctuations, allowing it to sustain growth and a strong balance sheet even under volatile market conditions. In its Financial Statement for 1st Half 2017, the company says: "Our finances reflect the continued growth in the […]
Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said an agreement will soon be signed with Iran to jointly invest in two oil fields shared between the two countries. Last month, Iraq’s Ambassador to Tehran, Rajih al-Mussawi, said his country was considering a plan to cooperate with Iran to develop the Azadegan oil […]
By John Lee. Turkish President Recep Tayyip Erdoğan (pictured) has threatened to invade Iraq, and said he could cut off the oil export pipeline from Iraq to the Turkish port of Ceyhan, following the vote supporting independence in Iraqi Kurdistan. "We have the tap," he said. "It is done once, we close the tap." The […]
UK-based Petrofac has been awarded a Front End Engineering Design (FEED) modification contract for the KOGAS AKKAS B.V. Nasiriya Gas Treatment Plant (GTP) in southern Iraq. Petrofac’s scope of work includes the modification and application of an existing field design to meet the needs of the Nasiriya GTP, and an estimation for the engineering, procurement […]
