Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
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 […]
IBBC hosts ‘Basrah: Open for Business’ Conference in partnership with IENA The Iraq Britain Business Council (IBBC), in partnership with the Iraq Energy Academy (IENA), held a successful conference ‘Basrah: Open for Business’ at the Shams Al Basrah Hotel on the 5th October 2015. Baroness Nicholson of Winterbourne, Executive Chairman of IBBC and UK Trade […]
The Kurdistan Regional Government (KRG) exported 18,614,798 barrels of crude oil (an average of 620,478 barrels per day (bpd)) in the month of September through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed 13,898,548 barrels (463,285 bpd on average), while fields operated by […]
The Basrah Gas Company (BGC) has been awarded the World Bank’s prestigious Global Gas Flaring Reduction Partnership (GGFR) Excellence Award for 2015. The GGFR Excellence Award recognises governments, oil companies and other organisations that have made a significant contribution to gas flaring reduction in the upstream sector of the industry through associated gas utilisation projects, […]
By John Lee. Iraq's oil exports for September fell to an average of 3.052 million barrels per day (bpd), down from 3.078 million bpd in August, according to a report from Reuters. Of this quantity, 3.03 million bpd were from the southern ports, with only 22,000 bpd from the north of the country via the […]
