Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Saleem al-Wazzan. 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. Fighting for Clean Air: Locals Living Near Basra Oil Wells Move Because of Pollution The oil wells in southern Iraq have made the areas relatively prosperous. […]
By John Lee. The National Iranian Drilling Company (NIDC) has signed an agreement with the Iraqi Drilling Company under which Iran will provide personnel training and supervision of Iraqi drilling operations. According to a report from Iran's PressTV, the agreement was signed by NIDC Managing Director Hamid-Reza Golpayegani and Deputy Director-General of the Iraqi Drilling […]
A pipeline to export oil from the Kurdistan Region will be operational within a few months, Ashti Hawrami (pictured), the Kurdistan Regional Government Minister of Natural Resources, told a meeting at the UK's Conservative Party conference yesterday. 'The new oil export pipeline from the Kurdistan Region is almost complete and is expected to be operational […]
By John Lee. Andrei Kuzyayev [Andrey Kuzyaev] (pictured), head of Lukoil's overseas operations, has said that Lukoil plans to reach commercial levels of oil production at West Qurna-2 in the first quarter of 2014, and is interested in participating in the Kirkuk oilfield in northern Iraq. He told Reuters: "There are no infrastructure risks [in […]
By John Lee. Reuters reports that Iraq's southern oil exports averaged 1.821 million barrels per day (bpd) in September. This is down from from the 2.308 million bpd in August as a result of maintenance work at that al-Basra Oil Terminal (ABOT) (pictured). The work has closed two of the port's four berths, and the […]
By John Lee. The KRG's Ministry of Natural Resources plans to monitor tanker trucks carrying fuel from local refineries to petrol stations in order to regulate the price and quality of petrol in the region, according to a report from Rudaw. Petrol stations receiving petrol from the government at a subsidized price are required to […]
By Walid Khadduri for Al-Monitor, translated from Al-Hayat. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Sept. 14, 2013, the Iraqi parliament's Oil and Energy Committee published a report drafted by the advisory board of the Prime Minister's Office, which indicated that Iraq […]
By Ahmad al-Sayegh. 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. Refining crude oil at home is a major business in eastern Syria, near the Iraqi border. And Islamic militias in charge here are selling the crude […]
By John Lee. Iraq's Deputy Prime Minister for Energy, Hussain al-Shahristani (pictured), has said the company is on track to pump 3.7 million barrels a day of crude by the end of the year. He told a conference in Dubai: "Iraq will easily pass 3.5 million barrels a day before the end of the year […]
By John Lee. Iraqi Deputy Prime Minister for Energy Hussain al-Shahristani (pictured) has asked the Kurdistan Regional Government (KRG) to connect its new oil pipeline with Baghdad's Kirkuk-Ceyhan pipeline in a way that allows Baghdad to measure oil flows, according to Reuters. The KRG is expected to complete the 300,000-bpd pipeline in the coming weeks, […]
Shares in Petrel Resources fell 7 percent on Tuesday following the publication of the company's Interim Statement for the period ended 30 June 2013. Highlights: · Iraqi investment enhanced through 20 per cent shareholding acquisition in Amira Hydrocarbons Wasit B.V. This deal gives Petrel an immediate effective 5 per cent carried interest through to production […]
By John Lee. Oil officials confirmed on Monday that a leaking pipeline in the south of the country had been repaired, but planned work at the al-Basra Oil Terminal (ABOT) was continuing to restrict exports. The leaking pipeline had caused a drop in output from the Rumaila oilfield. Reuters reports that Iraq had restored normal […]
