Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Governance of the Iraq Energy Sector and the Relevance of Association with Energy Charter Treaty This is an extended abstract of PowerPoint slides and interventions I delivered during the Executive Training […]
By John Lee. Genel Energy has announced that it has completed its issue of $500 million of 7.5% senior unsecured bonds due 2019. Also, ShaMaran Petroleum has announced the listing on Oslo Børs of the USD 150 million senior secured bond issued by its wholly owned subsidiary, General Exploration Partners, Inc. The bonds carry a […]
By John Lee. In its Preliminary Results Announcement on Friday, Petroceltic International has issued the following update on its operations in Iraqi Kurdistan: Kurdistan - material prospects in a dynamic region Petroceltic has been active in Kurdistan since 2011 and has worked closely with the operator, Hess, to undertake a comprehensive survey and analysis and […]
Fugro has been awarded a contract for one year, plus a year extension option, by Basra Gas Company (BGC) for the provision of Geotechnical Investigations and Topographic Services in the Basrah province of Southern Iraq. Fugro will provide geotechnical and topographical survey investigation services at various locations throughout the project area to support a number […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed 7 percent lower on Wednesday after the company warned of delays in receiving payments for exports. The full text of the interim management statement for the period from 1 January 2014 to today is shown below: Overview On 25 March 2014, Gulf Keystone's common shares […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ninawa’s Planned Oil Refinery Moves Sunni-Led Region even Further from Baghdad The northern Sunni-led region of Ninawa has been planning its own oil refinery for some time now. And last […]
By John Lee. Michael Knights, a Fellow at the Washington Institute of Near East Policy, has spoken to the Anadolu news agency about problems and opportunities with Iraq's energy sector. In the piece, entitled Iraq Potentially Turkey's Biggest Energy Supplier, Knights discusses the lack of institutional and human capacity which has hindered some of Iraq's more ambitious […]
By John Lee. Turkish energy minister Taner Yildiz (pictured) has hinted that his country will not sell oil from the port of Ceyhan until there has been an agreement between Baghdad and Erbil. Minister Yildiz noted that the Turkish Petroleum Refineries Corporation (TPAO) does not currently need to move the Iraqi oil in storage, although the […]
By John Lee. Gas from the South Pars field in Iran could be supplying power stations in the province of Basra within a year, reports UPI. A pipeline currently under construction will run from Asaluyeh to Iraq's southern city of 2 million people, and may later extend to Syria, depending on conditions "after the war" according […]
By John Lee. DNO International ASA, the Norwegian oil and gas company, today announced first quarter 2014 net profit of USD 24 million on operating revenue of USD 113 million. Production climbed by more than a quarter from the previous quarter to 45,744 barrels of oil equivalent per day on a company working interest (CWI) basis. The […]
By John Lee. Petroceltic International plc, the independent oil and gas exploration company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, has announced an update on its operations in the Kurdistan Region of Iraq, Egypt and Romania. Below we have included their operations update for the Kurdistan region of Iraq: Kurdistan: The Shakrok-1 […]
By John Lee. Once a scene of bloody fighting during the Iran-Iraq war, Majnoon is now an oil field of vital economic importance for Iraq. Royal Dutch Shell's announcement marks a crucial step in its development since the discovery of the field in 1975. After a lull in development during the sanctions era of the […]
