Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Genel Energy has issued a Trading and Operations Update in advance of the Company's half-year 2014 results, which are scheduled for release on 5 August 2014. PRODUCTION AND REVENUES UPDATE Gross production from Taq Taq averaged 92,000 bopd in H1 2014 and 113,000 bopd in June. Gross production from Tawke averaged 84,000 bopd in H1 […]
Kurdistan Region President Masoud Barzani visited the Iraqi Kurdistan Parliament yesterday, requesting the Parliament to immediately undertake the task of creating an independent electoral commission for the Region, and to begin preparations for holding a referendum for the people of Kurdistan to decide their future. In his remarks to the Parliament, the President urged Members […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The president of the Kurdish region of northern Iraq has asked his parliament to prepare for a referendum on independence, potentially paving the way for the break-up of the country of Iraq. Al […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Nuri al-Maliki on Wednesday rejected an assertion by the country's autonomous Kurdish region that its control of disputed territory is here to stay.
By John Lee. Iraq’s Supreme Court has turned down a request from oil minister Abdul Kareem al-Luaibi [Elaibi] to issue a temporary injunction against the Kurdistan Regional Government to prevent direct oil exports from the region. According to a report from Rudaw, the unanimous ruling prompted the KRG to declare victory in its dispute with Baghdad […]
By John Lee. Bloomberg reports that Iraqi Kurdistan will keep Peshmerga troops in the nearby oil hub of Kirkuk until people there can vote on whether to join the Kurdish enclave. Safeen Dizayee (pictured), spokesman of the Kurdistan Regional Government (KRG), said: “As a people, we have the right to be independent, but the issue […]
Deputy Prime Minister Qubad Talabani yesterday chaired a meeting which included several ministers, the KRG Oil and Gas Council, and Kurdistan’s governors to discuss measures to tackle fuel shortages in the Region. The meeting was designed to identify solutions to overcome the current fuel shortage, considering the current situation in Kurdistan and throughout Iraq and […]
Iraq’s electricity shortages cannot be resolved unless sufficient fuel flows to the power plants feeding Iraq’s national grid, according to Dr Jafar D. Jafar, co-founder and CEO of Uruk Engineering & Contracting, addressing a recent conference. Uruk’s CEO highlighted the short-fall in fuel availability, particularly gas, currently impacting Iraq’s power generation capacity. He noted that […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The shutdown of Iraq's biggest refinery, roads blocked by fighting, and skyrocketing demand have created the worst fuel crisis in years in the country's semi-autonomous Kurdish region.
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdish leader Massud Barzani said Friday there was no going back on autonomous Kurdish rule in oil city Kirkuk and other towns now defended against Sunni militants by Kurdish fighters.
By John Lee. Ravil Maganov (pictured), who oversees Lukoil's exploration and production, has said total investment in the West Qurna-2 field was expected to exceed $30 billion. At its peak in 2019, he said he expects oil production at the field to hit 1.25 million bpd. The world's second-largest undeveloped field, with recoverable oil reserves of around […]
By John Lee. The Turkish Energy Minister Taner Yildiz (pictured) said on Friday that Turkey is to sell an additional 4,000 tons/day of refined oil to Iraq in an attempt to ease the shortages caused by the current unrest, and in particular by disruption to production at Baiji [Bayji] oil refinery. He told reporters Turkey […]
