Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Oryx Petroleum has announced its financial and operational results for the three months ended March 31, 2015. (All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated). Financial Highlights: Total revenues of $5.3 million on working interest sales of 128,700 barrels of oil and average realized sales […]
To review the latest prospects for and progress of the December 2, 2014 agreement between the KRG and the Federal Government of Iraq, a joint meeting between the Kurdistan Region Council of Ministers’ Presidency and Kurdistan representatives in Baghdad was held in Erbil on Wednesday. After being presented with details and data of oil export […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi security forces are still battling for the control of the country's largest refinery in Baiji, where the Islamic state group has been launching several offensives:
International learning solutions provider Atlas Knowledge has signed a landmark deal that will see it work with the Iraqi Government to deliver world class safety and technical training to the country’s burgeoning oil and gas workforce. The contract with the Ministry of Oil and Baghdad Oil Training Institute (BOTI) will see Atlas Knowledge deliver a […]
By John Lee. Iraq plans to export a record volume of crude oil from its Gulf ports in June, reports Reuters. The State Oil Marketing Organization (SOMO) has reportedly allocated over 3.1 million bpd of Basra crude to buyers in a preliminary June loading programme, up from the usual monthly total of between 2.6 million […]
By John Lee. Shares in ShaMaran Petroleum were trading down 10 percent on the Vancouver stock exchange, following the announcement of its financial and operating results for the three months ended March 31, 2015: Production Facilities Implementation of the 30,000 bopd Atrush Phase 1 Production Facility is in progress. Construction has continued on foundations for […]
Hermes Datacomms, a leading global provider of managed networks for the upstream oil and gas industry, part of the SpeedCast Group, today announced the opening of its newest office in Erbil, Iraq. The new facility is in direct response to increasing demand for services from the oil and gas sector in Iraq and will enable […]
Iraq Business News (IBN) recently interviewed Colin Findlay, General Manager of Severn Valve Solutions and Executive Director of the Severn Glocon Group of companies, about doing business in Iraq. IBN: Can you tell us a little about your business in Iraq? Colin Findlay: Severn Valve Solutions was formed in 2012 and has quickly become the […]
By Imtiaz Ahmad. Over the last seven to eight years, Iraq remained very attractive for international investment especially in the oil and gas sector. Almost all major international oil companies (IOCs) invested, either individually or in partnership with others. By contrast, Iraq showed slow progress in setting out proper petroleum and tax policy for existing […]
The Basra Compact, a flagship partnership to revive the economy in southern Iraq The authorities of Basra and the UN Development Programme (UNDP) have signed a flagship agreement, the Basra Compact, aiming at strengthening participatory and accountable governance and reviving the economic activity in the southern governorate, which is not just oil-rich but needs to […]
By John Lee. The Kurdistan Regional Government (KRG) has published the Monthly Export Report for April, 2015. The detailed report provides a summary of crude oil exports in April through the Kurdistan pipeline network to the port of Ceyhan in Turkey. The report also indicates the volumes provided to SOMO by the KRG in line […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces and Shiite militias continue to fight Islamic State group jihadists for control the Baiji refinery, Iraq's largest:
