Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. UAE-based Dragon Oil has signed a series of strategic memoranda of understanding with key companies operating in Iraq's oil projects. The agreements include an MoU with China's Anton Oilfield Services, and another with Iraqi firm Nahdat Al-Bina for Contracting. According to the company, the memoranda open new opportunities to strengthen cooperation, support […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa al-Sudani met on Thursday with Jeff Miller, Chairman and CEO of Halliburton, along with his accompanying delegation. Al-Sudani underlined the government's strong interest in the role of major international oil companies, particularly American firms, in developing Iraq's energy sector, improving production efficiency, and achieving national goals. He […]
By John Lee. Iraq's attempt to import gas from Turkmenistan via Iran has reportedly failed following pressure from the United States. Click here to read the full article. (Source: Reuters)
By Hayder Al Shakeri for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why is energy-rich Iraq still having to import electricity? For more than a decade, Iraq's power system has relied heavily on Iranian gas and electricity imports, which at […]
By John Lee. US energy technology company Baker Hughes has announced an agreement with Iraq-based Halfaya Gas Company (HGC) to strengthen their collaboration for an innovative flare gas recovery system at the Bin Umar [Nahr Bin Umar, Nahr Ben Umar] gas processing plant in southeastern Iraq. The project will significantly reduce upstream flaring and transform […]
By John Lee. Iraq's State Oil Marketing Organisation (SOMO) reportedly announced on Tuesday that it has concluded all contracts and obligations with buyers of oil produced in the Kurdistan Region. The company emphasised that resuming exports from Kurdistan would restore Iraq's role as a key supplier to the European market. SOMO Director General Ali Nizar al-Shatri […]
By John Lee. TotalEnergies, in partnership with Basra Oil Company (30%) and QatarEnergy (25%), has signed the final contracts of the Gas Growth Integrated Project (GGIP) at the Ratawi [Artawi] field in Basra, under the patronage of Prime Minister Mohammed Shia al-Sudani. The agreements include: a joint operating contract between the Ministry of Oil, Basra […]
By John Lee. Iraq's Ministry of Oil has confirmed the allocation of 18,000 residential land plots to employees of state-owned oil companies in Basra. The announcement was made on Monday by Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani. Half of the plots will be distributed to Basra Oil Company (BOC) staff, […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese oil firm sees Iraq as its 'core market' A subsidiary of the Chinese state-owned ZhenHua Oil said on Sunday that Iraq is its "core market" and pledged to expand investments in the country's […]
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani Al-Sawad, has met with the World Bank's Director on the sidelines of the Gastech exhibition and conference. The discussions covered issues related to oil and the wider economy. The meeting was also attended by Deputy Minister for Gas Affairs, […]
By John Lee. The Iraqi Cabinet has approved key contracts as part of efforts to advance the development of the Artawi oilfield. The Council of Ministers endorsed the award of the Networks and Well Platforms (NWP) tender for Phase Two of the field to Sinopec, the Chinese oil services company. It also approved an exception […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) announced that it has reached advanced stages of understanding with America's ExxonMobil to secure storage capacity in Singapore, alongside negotiations on refining and profit-sharing opportunities in the Asian market. SOMO Director General, Ali Nizar Al-Shatri (pictured), told state-owned Iraqi News Agency (INA) that the company is […]
