The state-owned Iraqi Oil Tankers Company (IOTC) has announced a tender for the purchase of two tankers; a" handy size" 20,000-25,000 DWT and VLCC tanker of 180,000-240,000 DWT: (Source: Ministry of Oil)
Iraq Tender for New Tankers
Archive | Iraq Oil & Gas News
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Jordan, Iraq seal Economic Protocols
Jordan and Iraq have signed minutes of a Jordanian-Iraqi joint committee meetings which entails boosting trade exchange and speeding up construction of the oil pipeline between the two countries. The protocols also encompassed encouraging Iraqi investors in Jordan and opening the border post of Turabil, the main crossing point between Jordan and Iraq, and identifying […]
Ministry of Oil working to Reestablish National Oil Company
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has confirmed that the Ministry of Oil is working to reestablish the Iraqi National Oil Company (INOC), following ratification by the cabinet of the draft resolution to reestablish the company. The original INOC was founded in the 1960s, but was incorporated into the Ministry of […]
New Internet Service for Iraqi Oil & Gas Companies
Global satcom specialist Marlink, based in France, UK-based service integrator Defaultroute and Iraqi Internet service provider Abr Al Manara have announed that they have joined forces to deliver a groundbreaking hybrid digital connectivity service resulting in a multi-million US dollar contract for a major Iraqi oil and gas company. Overcoming the challenges of poor terrestrial […]
Tags: Abr Al Manara, Defaultroute, DJ, featured, France, Internet, Marlink, Satellite, United Kingdom
Towards Sound Oil Plans, Policy and Governance
By Tariq Shafiq and Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A Position Statement: Towards Sound Oil Plans, Policy and Governance Through our constant follow-up of the development in the petroleum sector and particularly the activities, statements and information from/ […]
Conflict over Kirkuk Oil Returns
By Omar Sattarfor Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On March 2, a military force affiliated with the Patriotic Union of Kurdistan (PUK) led by former President Jalal Talabani seized the North Oil Company in Kirkuk province. The military […]
Tags: featured, Kirkuk, Kirkuk Oilfields, KRG, Kurdistan News, North Oil Company (NOC), oil revenues, PUK
Iran Starts Pumping Oil from Azar Joint Oilfield
Iran on Tuesday, March 14, began pumping 15,000 barrels/day of crude oil from Azar Oilfield which it shares with Iraq. Early production from the field, located in the border city of Mehran, began in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh. Azar Oilfield development project is aimed at production […]
Gulf Keystone: Statement Regarding Recent Media
Further to reports in the media this week, Gulf Keystone (GKP), operator of the Shaikan Field in the Kurdistan Region of Iraq, is today clarifying certain points regarding the marketing of Shaikan crude. Recent media does not correctly represent the views of the Company and its Executives. The inference is that the company does not know […]
Latest Statement by Oil Minister causes Concerns
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Latest statement by the Minister of Oil causes concerns The Minister of Oil, Mr. Jabbar. A.H. Luiebi, gave an interview to Ben Lando, of the reputable Iraqi Oil Report (IOR), that was […]
Cape Pursues Expansion in Iraq
By John Lee. UK-based Cape plc, a provider of critical industrial services to the energy and natural resources sectors, has said that it is pursuing expansion in Iraq, where the Group was awarded initial small contracts from Kuwait Energy and GE during 2016. In its preliminary results for the twelve months to 31 December 2016, […]
Premier Oil has "Successfully Exited" its Position in Iraq
By John Lee. Premier Oil has announced that it has "successfully exited" its position in Iraq. The company was awarded a 40-percent stake in the Block 12 concession in 2012, but said in December 2015 that it would assign its participating interest to the operator, Russia's Bashneft, which was subsequently acquired by Rosneft. (Source: Premier […]
Irish Engineering Firm Targets More Iraqi Business
By John Lee. The head of an Irish engineering firm has said his company is aiming to increase its work at Iraq's West Qurna oilfield. In an interview with John Reynolds for the Irish Independent, Michael Looby (pictured), Founder and Managing Director of ByrneLooby, added: "Southern Iraq is stable and well-developed. Our clients are very […]