Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An Iraqi researcher has advised the councils of oil- and gas-producing provinces to take advantage of a loophole in the new amendment to the provincial law recently passed by the Iraqi […]
By John Lee. Forty companies are reported to be bidding for contracts to build and finance the new pipeline from Haditha to Jordan’s Red Sea port of Aqaba (pictured). Nateq Balasem Khalaf, deputy director general of the state State Company for Oil Projects (SCOP), told Bloomberg that Citibank is among the bidders, adding that other […]
Gulf Keystone Petroleum has announced the appointment of Simon Murray C.B.E., aged 73, to the Board of Gulf Keystone as Independent Non-Executive Chairman and Senior Independent Director of the Company. Mr Murray will also be appointed Chairman of the Company's Remuneration Committee at its next meeting. This appointment represents a significant step forward for the […]
Interpipe, the Ukrainian seamless pipe producer, has announced that it is installing a local support team to work in Basra following the company's approval from South Oil Company (SOC) as a preferred supplier. The announcement sees Interpipe appoint a new Iraq country manager, based in Basra, with immediate effect. Following several recent meetings in Iraq with […]
By John Lee. The Wall Street Journal reports that the China Petroleum Pipeline Engineering Corp. (CPPE) and Iraq's State Company for Oil Projects (SCOP) have secured a contract worth up to $317 million to build an oil pipeline from the Missan oil fields to the export terminals in southern Iraq. Over a period of 14 […]
By John Lee. Russian oil company LUKoil has announced that its President, Vagit Alekperov (pictured), held talks in Moscow on Sunday with Iraqi Prime Minister, Nouri al-Maliki, and Iraqi Oil Minister, Abdul Karim Luaibi [Elaibi]. The parties discussed the progress of the West Qurna-2 development project, the company’s plans to develop Block-10, and other possible projects […]
Gulf Keystone Petroleum has announced that the Field Development Plan for the Shaikan field, a "world class commercial discovery", is now approved. Todd F. Kozel (pictured), Chairman and CEO of Gulf Keystone, commented: "This is an historic moment in the evolution of the Company. Gulf Keystone is now fully permitted to commence production from the […]
By John Lee. Iraq will ship 43 cargoes of Basra Light crude in July, one less than in June, according to a loading program obtained by Bloomberg. An estimated 67.6 million barrels of the blend will be exported from the Basra Oil Terminal (ABOT), or 2.18 million barrels a day. That compares with 2.39 million […]
By John Lee. Gazprom has said that it is interested in working further in the oil and gas sector in Iraqi Kurdistan. Following a meeting in St. Petersburg between the Russian company's Chairman, Alexei Miller [Alexey Miller] (pictured), and KRG President Massoud Barzani, Gazprom issued a statement saying, "in particular, the parties discussed the progress […]
Erbil Governorate has compiled and published a list of the top downstream oil companies in Kurdistan. [Note: This list was originally compiled and published by Marcopolis - Ed.] Unlike the upstream sector, Kurdistan's refining industry is almost the exclusive preserve of locals, among them KAR Group, one of the region's largest private companies, which operates […]
Erbil Governorate has compiled and published a list of the top oil distribution companies in Kurdistan [Note: This list was originally compiled and published by Marcopolis - Ed.]: Qaiwan Group A diversified conglomerate based in Suleimaniyah with activities in construction (Qaiwan Towers, Qaiwan City, Sulaimaniyah Heights), energy (Baziyan Refinery, Petrol Stations, Oil Trading), retail and […]
Erbil Governorate has compiled and published a list of the top oil companies in Kurdistan [Note: This list was originally compiled and published by Marcopolis - Ed.]. Please click here to see a list of oil companies with licences granted by the Ministry of Oil in Baghdad. [NEW: An updated list can now be found […]
