Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Veolia Water Technologies has been selected by HDGSK Joint Venture to supply a Zero Liquid Discharge Evaporator and Crystallizer for the Karbala Refinery Project in Iraq. Veolia will engineer, procure and deliver a Zero Liquid Discharge system based on its proven HPD® Brine Evaporator and Brine Crystallizer technologies for calcium sulfate seeded slurry processes. Iraq's […]
By John Lee. Coalition airstrikes have failed to interrupt the oil industry in areas controlled by the Islamic State group (IS, ISIS, ISIL), reports the Financial Times. IS is running what the article describes as “a sprawling operation almost akin to a state oil company that has grown in size and expertise despite international attempts […]
By John Lee. South Africa's Strategic Fuel Fund (SFF) wants to import 24 million barrels of oil a year from Iraq to boost its reserves, according to a report from Reuters. The country has not imported crude oil from Iraq since 2003, when Saddam Hussein was toppled. In August, South Africa's largest black-owned petrochemical company, […]
By John Lee. Iraqi security forces claimed on Thursday to have taken control of most of Baiji oil refinery from the Islamic State group (IS, ISIS, ISIL). But the complex is reported to have been almost completely destroyed in the long battle for control of the site and nearly town. According to Reuters, conservative estimates […]
By John Lee. The Chief Executive of the Kuwait Petroleum Corporation (KPC) has said that his company has conducted negotiations with both Iran and Iraq to import gas. Nizar Al-Adsani (pictured) said in a statement: "Kuwait is in need of gas for power plants ... [but] up until now we have not agreed on the […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Empirical Aspects of the Extractive Industry Governance in Iraq Extractive Industry Governance is one of the most critical components of the broad, good, democratic and inclusive governance, especially for the developing […]
RSK Group Plc and the University of Basrah have agreed to enter into a partnership to help train the next generation of Iraqi engineers and to give them practical experience which would help them to obtain jobs in the Iraqi oil industry. The partnership will give University of Basrah students access to oil field work […]
The pipeline to carry gas to Iran’s western and northwestern regions as well as exporting it to neighboring Iraq will start soon with BOT (Build-Operate-Transfer) financing from Bank Pasargad, the bank’s CEO has said. “We have increased our investment for the development of oil, gas, refining, and petrochemical industries. The contract to finance the Iraq […]
Iraq Britain Business Council (IBBC) delegates visited the Khor Al Zubair Fuel Depot this week as part of a Mission to Basrah. Host Mike Douglas, CEO of SKA International, welcomed the delegation and highlighted the following points on making business in Iraq: “You need to be tenacious, as well as patient, in order to succeed […]
By Padraig O'Hannelly. Much has been written about the expected lifting of sanctions on Iraq's powerful neighbour, Iran, opening Iranian markets to international commerce and allowing Iran to export more goods and services. But the burning question on the streets of Baghdad, Basra and Erbil is what does all this mean for Iraq? In a […]
By John Lee. British-based quality consultant Intertek has won a third party inspection procurement contract for the South Oil Company (SOC). Accoring to a report from OilVoice, it is the first time the SOC has appointed a third party inspection company to help ensure the quality and safety of all their projects, which are contracted […]
WesternZagros Resources has announced its production of light oil in the Kurdistan Region of Iraq averaged approximately 5,000 barrels per day in the third quarter. As previously disclosed, operatorship of the Garmian Block was to transition from WesternZagros to Gazprom Neft Middle East B.V at the end of the exploration period for the block pursuant […]
