Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Kurdistan Region Prime Minister, Nechirvan Barzani told the press that Kurdistan Regional Government is committed to the agreement reached between Erbil and Baghdad last December on oil export and Kurdistan Region's share in the 2015 federal budget. In a meeting held yesterday with representatives of media outlets in Kurdistan Region, Prime Minister Barzani highlighted the […]
By John Lee. The Head of Tehran Chamber of Commerce, Yahya Al-e Es'haq [Yahya Ale-Eshaq] (pictured), has said that Iran exported technical and engineering services valued at almost $6 billion (7.2 trillion Iraqi dinars) to Iraq in the first eleven months of the current Iranian calendar year (March 21, 2014-February 19, 2015). Fars News Agency […]
States and Markets in Hydrocarbon Sectors - A Forward Contribution By Ahmed Mousa Jiyad. I was privileged indeed to write the forward for an important book, “States and Markets in Hydrocarbon Sectors”, edited by my colleagues Professor Andrei V. Belyi (University of Tartu, Estonia) and Professor Kim Talus (University of Eastern Finland). In May last […]
Turkish President Recep Tayyip Erdogan on Thursday received in Ankara Kurdistan Regional Government Prime Minister Nechirvan Barzani and his delegation. The two sides discussed the latest developments in the region, the war against the Islamic State terrorist organisation, ISIS and the role of Kurdistan Peshmerga Forces. They also discussed the agreement reached last December between […]
By John Lee. Iraq's Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has opened three new oil storage tanks near Basra, to help cope with the export bottlenecks caused by bad weather and to accommodate rising production. The new facility will bring crude-storage capacity from 9.5 million to 10.5 million barrels. The minister told reports that another four to […]
LUKOIL has finished its 2D seismic survey at Block 10 in southern Iraq. The seismic survey began in April 2014 and covered 2,000 linear kilometers. It was completed according to the highest standards six months ahead of schedule. The acquired seismic data will be processed and interpreted to identify promising sites for exploration drilling. The […]
Kurdistan Regional Government Prime Minister, Nechirvan Barzani, yesterday received the Japanese Ambassador to Iraq, Mr. Kazuya Nashida. The Japanese Ambassador thanked the Kurdistan Regional Government for its stance and support following the murder of the Japanese citizen in Syria at the hands of the Islamic State terrorist organization, known as ISIS. He conveyed his condolences […]
By John Lee. ShaMaran Petroleum has announced positive test results from the Atrush-3 well in the eastern part of the Atrush structure (Atrush Phase 2 appraisal area) in the Kurdistan Region of Iraq. Following the testing of the Chiya Khere-6 ("CK-6") Phase 2 area appraisal well announced in January 2015, the drilling rig was skidded […]
Fugro has been awarded a three year contract extension by Basra Gas Company (BGC). The contract covers the provision of topographic and geotechnical services in the Basrah province of Southern Iraq, as well as bathymetric surveys and metocean services. Since being awarded the contract in March 2014, Fugro has provided geotechnical and topographical survey investigation […]
By John Lee. In its 2014 Full-Year Results, Dragon Oil gave the following update on its operations in Iraqi Kurdistan: On 10 September 2014, the partners in Block 9 in Iraq, Dragon Oil (30%) and Kuwait Energy (70% and operator), announced their first oil discovery at the consortium's first target, the Mishrif formation, reached at […]
A Kurdistan Regional Government senior delegation, headed by Prime Minister Nechirvan Barzani was received in Baghdad yesterday by Iraq’s Prime Minister Haider al-Abadi and a number of Iraq’s federal government officials. The two sides held two meetings during this one day visit of the Kurdistan Region delegation to Baghdad. The main objective of the meetings […]
By John Lee. The former head of the Energy Studies Department at the Opec Secretariat in Vienna has said that delays in capturing associated gas from Iraq's oilfields is costing the country billions of dollars. Saadallah Al Fathi told GulfNews.com that the Basra Gas Company (BGC) is very slow in rehabilitating and maintaining the plants […]
