Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
According to Iraq Oil Report, the Ukrainian firm K&M Ltd. is tipped to win a $230-million contract to replace one of the two pipelines of the Iraq-Turkey Pipeline (ITP). If the firm has been selected by the North Oil Company (NOC) as its preferred contractor, the decision would still need the endorsement of the Oil […]
The deputy head of the National Iranian Drilling Company (NIDC), Mohammad Reza Takayedi, has said that an agreement has been signed under which Iranian drilling engineers will train Iraqi technicians. Tayakedi also said that the NIDC is seeking to operate drilling projects on an engineering, procurement and drilling (EPD) basis. The NIDC operates over 70 drilling […]
By John Lee. Canada's SNC-Lavalin has announced that it has been awarded a contract by the Iraq Ministry of Oil's State Company for Oil Projects (SCOP) to provide engineering services for the Iraq Export Pipeline Project. Working closely with SCOP, SNC-Lavalin will provide front-end engineering design (FEED); long-lead items tendering and evaluation; and engineering, procurement […]
By John Lee. The Head of Iran's Petrochemical Research and Technology Company (PRTC), Gholam Reza Jokar, has said the company is negotiating the export of services to Iraq. He said he hoped that a final deal for exporting PRTC services to Iraq will be reached soon, adding that Iraqi officials have shown interest in Iranian […]
By John Lee. John Crane, part of Smiths Group, has announced it will supply Italian pump designer Termomeccanica Pompe (TMP) products from across the company’s portfolio for the development of the Zubair Oil Field, one of largest in Iraq. The agreement covers mechanical seals and systems, high-performance couplings and hydrodynamic bearings used in the 24 centrifugal […]
By John Lee. Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] (pictured) said on Saturday that he is optimistic Baghdad will soon come to an understanding with Turkey over a contested oil-export agreement with the Kurdistan Regional Government (KRG). According to a report from the Wall Street Journal, he said Turkey understands that it can't enter […]
By John Lee. Reuters reports that Iraq's oil exports have fallen so far in December, "capping what has been a disappointing year and highlighting challenges it faces in 2014 in achieving significant production growth". Exports from Iraq's southern terminals averaged 2.01 million barrels per day (bpd) so far in December, according to shipping data tracked […]
KRG Representative to Poland outlines Kurdistan’s oil resources at 8th Energy Forum Ziyad Raoof, the Kurdistan Regional Government Representative to Poland, highlighted Kurdistan’s oil and gas potential at the 8th Energy Forum, a landmark annual international conference. The Energy Forum is the biggest conference in Poland and one of the biggest in Europe devoted to […]
Following the recent article by our Expert Blogger, Ahmed Mousa Jiyad, Iraq's Ministry of Oil has issued a statement regarding Satarem's involvement with the Missan [Maysan] refinery project. The statement is carried here in full and unedited: Commenting about the news that was declared by the media, press & some websites about the memorandum of […]
By John Lee. Energy Global reports that the Turkish construction firm EID Insaat is to build a 120-km pipeline for ExxonMobil in Iraq. The $90-million project is expected to take approximately one year to complete. The company Chairman said that this was in addition to an 85-km long pipeline project currently under construction. The Iraqi […]
By John Lee. The Deputy Prime Minister for Energy, Hussain al-Shahristani (pictured), has said that Iraq is keen to see oil shipped via pipeline from the Iraqi Kurdistan, but any exports must be approved by Baghdad. Turkey and the KRG signed a multi-billion-dollar energy deal last month, but Reuters reports that the Iraqi central government is […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Recent information on Satarem sheds serious doubt about its prospects and ability for executing the Missan Refinery project. Iraq’s Ministry of Oil signed, in the presence of the Prime Minister Mr. Nuri […]
