Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Genel Energy has announced that the Taq Taq field partners have received a gross payment of $10.22 million from the Kurdistan Regional Government for oil sales during June 2017. Genel's net share of the payment is $5.62 million. Gross oil sales from the Taq Taq field (pictured) in June 2017 averaged 15,863 […]
By John Lee. ADES International Holding, a London-listed company providing oil and gas drilling and production services, has said that it is "scaling existing operations and penetrating new markets through participation in a substantial pipeline of active tenders across the Middle East, in existing geographies as well as the UAE and onshore Iraq." In its […]
By Ashley Goodall. Is the UK overlooking a key USP for British International businesses? Education and training footprint of British companies around the world has a significant and excellent impact on communities and economies and is often taken for granted. As the UK ramps up its trade rhetoric and a ‘Global Britain’ emerges, one of […]
By John Lee. Iraq has replaced the head of its State Oil Marketing Organization (SOMO). Falah al-Amri [Falah Jasim Alamri, Falah al-Amiri], who has been in the top job at SOMO since March 2006, is to become an advisor on marketing and strategy at the Oil Ministry. He is to be replaced at SOMO by […]
Ahead of the international Basra Oil, Gas & Infrastructure 2017 Conference which CWC Group hosts annually with the Basra Governorate, the Basra Council and the Basra Oil Company, Nawar Abdulhadi, MENA Director for CWC Group interviewed Mr Ali Shadad Al Fares, Chairman of the Oil & Gas Committee at the Basra Council. Mr Ali Fares […]
By John Lee. Genel Energy announces that Tim Bushell and Martin Gudgeon have been appointed as independent Non-Executive Directors of the Company with immediate effect. Mr Bushell is a qualified geologist with over 35 years' experience working in the oil and gas sector. He is currently on the Boards of Petro Matad, Rockhopper Exploration, and Point […]
By John Lee. A recent report suggests that, in the uncertainty following the recent Angolan election, the Iraqi assets of the state-owned oil company Sonangol are in play. Writing in Seeking Alpha, Jay Currie says the the Najmah and Qaiyarah [Qayara] oil fields may be transferred to Russian service company Eurasia Drilling, and questions the […]
DNO ASA, the Norwegian oil and gas operator, today announced an agreement with ExxonMobil to join the Baeshiqa [Bashiqa, Bashika] license in the Kurdistan region of Iraq. DNO will assume operatorship of the license with a 40 percent paying (32 percent net) interest, acquiring one-half of ExxonMobil's position. ExxonMobil retains a 40 percent paying (32 […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Debating SOMO Transformation New important developments pertaining to or initiated by Iraq's State Oil Marketing Organization (SOMO) surfaced during the last few months; they seemed to be integrated components of what was […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for August of 99,700,761 barrels, giving an average for the month of 3.216 million barrels per day (bpd), slightly less than the 3.226 bpd exported in July. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]
The Iraq Britain Business Council (IBBC) has announced that John M. Scott (pictured) will join as an oil and gas advisor to the industry sector membership. John has over 40 year’s international experience in upstream project management and construction throughout Africa, Latin America, UK, USA and Middle East. As an engineer, John initially worked for Taylor […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Suicide bombers killed seven people and wounded 12 in an attack on a power plant north of Baghdad on Saturday, an Iraqi security official said.
