Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The Prime Minister Dr. Haider Al-Abadi chaired a meeting of the Ministerial Committee on Energy (pictured) on Monday. The meeting discussed the status of power supply and the importance of working to improve it, including a proposed project for 400 KV electric transmission lines on deferred payment basis; a program of maintenance, […]
The Kurdistan Regional Government (KRG) has published its monthly export report for October 2015. KRG exported 18,461,357 barrels of crude oil (an average of 595,528 barrels per day (bpd)) in the month of October through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed […]
Iraq Business News is delighted to bring you the latest major new guide to business in Iraq. Published by Allurentis, in association with Iraq’s National Investment Commission (NIC) and UK Trade Investment (UKTI), the sixth edition in the annual New Iraq series - The New Iraq: 2015/2016 Discovering Business - contains a wealth of case studies, commentary and data; […]
Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in the development of emerging energy markets. A much anticipated forum, FEF is spearheaded by William Wakeham and Leanne Case, both of whom are leading experts on critical […]
By John Lee. Iraq's deputy minister of gas affairs, Hamed Younis Saleh al-Zoba'ei, and Hillal Ali Ismaeel Mushtaq, Iraq's director of general of studies, conducted a three-day tour of North Dakota last week, visiting gas-processing facilities and meeting with state and industry leaders. Julio Friedmann, the U.S. Energy Department's deputy assistant secretary for fossil energy, said: […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Cap in Hand: Kurdish Will Return to Baghdad to Negotiate Oil Exports Iraqi Kurdistan's plan to export oil independently does not seem to be working. Sources say politicians will be […]
DNO ASA, the Norwegian oil and gas operator, reported third quarter operated production of 152,507 barrels of oil equivalent per day (boepd) with year-to-date volumes up nearly 30 percent from 2015. Output from the company's flagship Tawke oil field in the Kurdistan region of Iraq averaged 145,184 barrels of oil per day (bopd), of which […]
By John Lee. Reservoir imaging company Asian Oilfield Services Ltd has announced the successful completion of a 3D seismic survey for Gazprom in Iraqi Kurdistan. The company, based in Dubai, completed the survey of over 100 square kilometers at the Shakal License Block. It has previously worked at the Taza block in Kurdistan.
By John Lee. The Iraq Oil Ministry has announced crude oil export figures for October showing an average of 2.7 million barrels per day (bpd), a drop of 11.53 percent on September’s 3.052 million bpd. The poor performance was blamed on poor weather in the Gulf, and a stoppage of shipments from Northern Iraq to […]
By John Lee. UK-based heavy transport and installation contractor ALE has been awarded the DGS Zubair Oil Field Project. The project scope comprises heavy haulage, engineering and installation services. The DGS project has already commenced and ALE has received several shipments at Umm Qasr Port. A number of cranes, with a capacity ranging from 200t to […]
By John Lee. A court in the United States has dismissed a lawsuit over a disputed cargo of crude oil from Iraqi Kurdistan. The United Kalavyrta [United Kalavrvta, United Kalvrvta] (pictured) spent several months off the coast of Texas after Baghdad tried to have a U.S. court seize the oil. Reuters reports that the case […]
By John Lee. Genel Energy has announced the sale of a 20 percent participating interest in the Chia Surkh Production Sharing Contract ('PSC') to Petoil Inc. As consideration for the sale of the 20% interest, Petoil will carry Genel's share of the costs associated with the Chia Surkh-12 ('CS-12') appraisal well. The total cost of […]
