Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Cengiz Çandar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Adel Abdul-Mahdi, Iraq’s former vice president and current oil minister in Haider al-Abadi's government, spotted me aboard a flight from Beirut to Istanbul. He was in a rush, on his way back […]
By John Lee. Egypt’s state-owned Petroleum Projects & Technical Consultations Company (Petrojet) has reportedly won two contracts in Iraq valued at $142.5 million (166 billion Iraqi dinars). In the first contract, worth $75 million, Petrojet will carry out the first phase of the rehabilitation and upgrade of the current facilities in Basra Gas Company, for […]
By John Lee. Prime Minister Dr. Haider Al-Abadi met the CEO of BP, Bob Dudley, in his office on Sunday. During the meeting, they discussed the production and development of oil fields in Iraq, and in particular the oil fields operated by BP in Rumaila and Kirkuk. Dr. Haider al-Abadi expressed Iraq’s interest in increasing […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As soon as the oil agreement signed Dec. 2 between the Iraqi government and the Kurdistan Regional Government (KRG) was announced, optimism emerged in Iraqi and international circles, which considered the agreement to be the […]
By John Lee. The Kurdistan Regional Government (KRG) is reported to be planning to export natural gas to in the near future. The head of the KRG's Industry and Natural Resources Committee, Sherko Jawdat, told BasNews: “This step is still in the beginning, but the process has not gone into the implementation stage yet, however […]
UK Consul General Angus McKee visited Gulf Keystone's production facility at the Shaikan oil field on Wednesday, where he was given a tour by company officials. He viewed the production processes, control room and loading of tankers for onward transportation. Following the visit, McKee said: "Kurdistan Region's oil industry is a real success story, and […]
Oryx Petroleum Corporation has announced an update regarding development, production and sales for the Demir Dagh field in the Kurdistan Region of Iraq ("KRI"). Highlights: The Demir Dagh-7 well will be tied into the Demir Dagh production facilities in the coming weeks, taking total Demir Dagh gross (100%) productive capacity to more than 15,000 bbl/d […]
Shell and the Foundation of Football Club Barcelona (FFCB) have signed an agreement extending the award winning extra-curricular school programme “FutbolNet”, for an additional two seasons in Basrah. The “FutbolNet” programme is based on FFCB’s methodology of using football to develop life and leadership skills, respect, tolerance, teamwork, responsibility and effort amongst children and encouraging […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today confirmed receipt of USD 30 million (36 billion Iraqi dinars) as first payment for oil exported by the Kurdistan Regional Government from the Tawke field during 2014. The payment will be shared by DNO (USD 20.625 million) and partner Genel Energy plc (USD […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's government has reached a temporary agreement with authorities in the Kurdish region to end a dispute over oil exports and budget payments to the semi-autonomous region. Al Jazeera's Jane Arraf reports from […]
By John Lee. Baghdad and Erbil have reached an agreement resolving the long-running dispute over oil exports and budget payments. Finance Minister Hoshyar Zebari said that 550,000 barrels per day (bpd) of oil would be sent to the Iraqi oil ministry. In return, the Kurds will receive their 17% share of the national budget. The […]
By John Lee. Genel Energy has announced that the Taq Taq field partners have received an initial gross payment of $30 million (35 billion Iraqi dinars) from the Kurdistan Regional Government ('KRG') for oil exported through the Kurdistan Region of Iraq ('KRI')-Turkey pipeline. The Tawke field partners will also receive a $30 million gross payment. […]
