Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraqi Kurdistan has finalized a comprehensive package of deals with Turkey to build multi-billion dollar oil and gas pipelines. Reuters reports that the deals could see Kurdistan export some 2 million barrels per day (bpd) of oil to world markets and at least 10 billion cubic meters per year of gas to […]
By John Lee. A British employee of security firm G4S has reportedly been injured by a group of workers at a Schlumberger camp near the Rumaila oilfield. The Daily Star says the man had tried to remove a picture of Imam Ali, and flags and pamphlets commemorating Imam Hussein, venerated figures in Shiite Islam, allegedly […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Disturbing video footage has appeared of dozens of angry Shi'ite Muslim workers storming a Schlumberger Ltd camp at the Rumaila oilfield and beating a British security adviser they accused of insulting their […]
By John Lee. Iraq's deputy prime minister for energy, Hussain al-Shahristani (pictured), has said that 'Big Oil' is about to spend over $25 billion next year to boost oil output towards record levels. He predicted that the southern fields are expected to pump an extra 500,000 bpd in 2014, compared to just over 3 million […]
By John Lee. Reuters reports that Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] and BP CEO Bob Dudley (pictured) paid a visit to Kirkuk on Wednesday to win over the local government before the company starts work on this controversial northern oilfield that straddles the border with autonomous Kurdistan. Baghdad signed a deal in early […]
By John Lee. Marathon Oil Corporation has announced that the Mirawa-1 exploration well has discovered multiple stacked oil and natural gas producing zones on the Company's operated Harir Block in the Kurdistan Region of Iraq. Located approximately 40 miles northeast of Erbil, the Mirawa-1 well was drilled to a total depth of approximately 14,000 feet. […]
One of the largest oilfields in the world is back in operation after an unorthodox upgrade. The boost in oil production from the Majnoon field in southern Iraq is expected to contribute significantly to meeting global energy demand. It could also help regenerate a country ravaged by war. But redeveloping what was once a raging […]
Advertising Feature With the fourth edition of the Iraq Future Energy Conference approaching, experts – Mr. Falah Al Khawaja, former Director General for oil projects at State Company for Oil Projects (SCOP), and Mr. Ali Alwash, General Manager at State Company for Oil Projects (SCOP) - participating at the conference discuss the developments in the […]
WesternZagros Resources has completed testing operations in the Oligocene reservoir of the Kurdamir-3 appraisal well on the Kurdamir oil and gas discovery in the Kurdistan Region of Iraq. Although the testing operations took longer than anticipated due to mechanical difficulties, the results of the third and fourth drill stem tests (DST #3 and DST #4) […]
By John Lee. Kuwait Energy and Dragon Oil have secured a rig from the Iraqi Drilling Company (IDC) to spud an exploratory well at Block 9 in Basra Province by the end of the year. In parallel, the consortium has selected a provider for Environmental Impact Assessment, Environment Base Line Survey and contractors to perform de-mining […]
By John Lee. An unidentified spokesman from the Turkish Energy Ministry has told the Platts that it's not possible to build a new oil pipeline in the time expected by Kurdish officials. Ashti Hawrami, the Kurdistan Regional Government's Minister of Natural Resources, is reported to have said last week that it would take less than […]
By John Lee. Reuters reports that China's state-owned Sinochem Corp plans to use Iraqi crude oil for 40 percent of the capacity of its new refinery, in what the article describes as "the latest example of Iraq beating Middle Eastern rivals in the competition for new markets in Asia". The deal wold replacing a preliminary […]
