Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The Ministry of Oil has announced that the upcoming Baghdad International Energy Forum will feature high-level participation, including a keynote address by OPEC Secretary General Haitham Al Ghais. The event is scheduled to take place in Baghdad on 6-7 September. Senior energy ministers from friendly and partner nations, top government officials, and […]
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: Damage to Kurdistan Region Oil Fields Puts Rights at Risk Drone strikes on five oil fields in the Kurdistan Region of Iraq (KRI) by unknown groups between July 14 and […]
By John Lee. The Iraqi Drilling Company (IDC) is set to expand its operations following a high-level meeting chaired by Bassem Mohammed Khudair, Deputy Minister of Oil for Upstream Affairs, at the company's headquarters. The session was held in line with directives from Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for June. Total exports of crude oil: 98,882,613 barrels. Exports from the oil fields in central and southern Iraq amounted to 97,718,994 barrels. Exports to Jordan amounted to 216,878 barrels. Exports from Qayyarah were 946,741 barrels. Average daily crude oil exports: approximately […]
By John Lee. The Ministry of Oil has inaugurated the Central Gas Processing Facility at the Al-Faihaa [Fayhaa, Block 9] oil field in Basra, with a capacity of 130 million standard cubic feet per day (MMSCFD). The launch was conducted via video link by Prime Minister Mohammed Shia Al-Sudani, in the presence of Deputy Prime […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Drone offensive in Iraq hits Kurdish oil production, testing boundaries A wave of drone strikes in Iraq in recent weeks has targeted critical infrastructure, mainly in the Kurdistan region. The attacks have sharpened […]
By John Lee. The Prime Minister's Office has laid the foundation stone for Iraq's largest seawater desalination project, located near the Grand Faw Port in Basra, with a total capacity of 1 million cubic metres per day. Speaking at the launch, Prime Minister Mohammed Shia Al-Sudani described the project as a long-term and fundamental solution […]
By John Lee. The Ministry of Oil has laid the foundation stone for the new Al-Ibdaa "Creativity School" in the Al-Burjesia area of Basra province. The initiative is part of the Ministry's social benefits programme aimed at supporting the education sector, in cooperation with Eni and the Zubair oil field. Minister of Oil Hayan Abdul […]
By John Lee. The Oil Exploration Company (OEC) has completed the 2D seismic survey of South Fakka in Maysan [Missan] province. During a visit on Sunday to the Fifth Amphibious Seismic Team, OEC Director General Dr. Osama Raouf Hussein praised the national workforce for delivering what he described as a milestone achievement that reflects the […]
By John Lee. The Iraqi Cabinet has authorised the Ministry of Oil to sign a non-binding Memorandum of Principles with US oil company Chevron. According to a statement from the Prime Minister's office, the agreement would facilitate negotiations on: The Nasiriyah Block Project, which includes four exploratory blocks (A, B, C, D); The development of […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani received a delegation from U.S. oil services firm Morgan Hughes, led by the company's Vice President Gregory Bloom, in a meeting held on Tuesday and attended by Steven Fagin, Chargé d'Affaires at the U.S. Embassy in Baghdad. The talks focused on potential cooperation and investment opportunities, including […]
By John Lee. The Iraqi Cabinet has approved an exception for US-based HKN Energy, allowing it to bypass the standard qualification criteria and receive a direct invitation to develop the Hamrin oil field in northern Iraq. Last week, the Ministry of Oil signed an agreement in principle with HKN to develop the field, aiming to […]
