Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. A formal signing ceremony has been held in Dubai to mark the launch of a partnership between France's TotalEnergies and Erbil-based Cihan Group, which has now become the authorised supplier of the company's motor oils and lubricants in the Kurdistan Region of Iraq. According to a statement from Cihan, the agreement aims […]
By John Lee. Minister of Oil, Hayan Abdul Ghani, met with Iranian Minister of Oil, Mr. Mohsen Bakhtiar, on Monday to discuss strengthening bilateral cooperation between Iraq and Iran. During the meeting, both sides discussed mechanisms for collaboration across various sectors, resulting in the signing of memorandums of understanding (MoUs) and agreements in areas such […]
By John Lee. Iraq has signed a contract for the construction of its third offshore pipeline to enhance the stability and flexibility of crude oil exports from its southern ports. The project, which is being executed by a consortium of Italian company Micoperi and Turkish company Esta, is designed to handle 2.4 million barrels per […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's 7 Million bpd Oil Production Goal Draws Swift Response from Chinese Firms The recent reiteration by Iraq Oil Ministry of a 7 million barrels per day (bpd) oil production target […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, welcomed a delegation from Shell on Monday. The delegation included Shell Iraq and UAE Country Manager, Fakhir Badr, and the company's Middle East Business Development Manager, Martin Boer Verghen. During the meeting, discussions focused on topics related to gas, oil, and energy cooperation between Iraq […]
By John Lee. The Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani and US Secretary of State Marco Rubio held a telephone conversation on Friday to discuss regional developments and bilateral relations. During the call, Secretary Rubio emphasised the strong partnership between the United States and the Iraqi Kurdistan Region in expanding business opportunities, promoting […]
By John Lee. HKN Energy, a US-based oil and energy company, held discussions today with Iraqi Prime Minister Mohammed S. Al-Sudani, as part of efforts to deepen its cooperation in Iraq's energy sector. During the meeting, Prime Minister Al-Sudani reaffirmed the government's commitment to fostering investment-friendly conditions and highlighted the facilitation measures designed to attract […]
Almas Group Logistics Supports China's Biggest Investors in Iraq Iraq's industrial expansion is gaining momentum, and logistics plays a crucial role in making it happen. Almas Group Logistics, a leading Iraqi logistics company, recently facilitated the seamless transportation of 16 heavy machinery units from China to Iraq, supporting the construction of new factories that will […]
By Dr Ali Mamouri, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: How Turkmenistan can help Iraq end its energy crisis With growing energy needs and ongoing US pressure, now seems to be the right time for all involved […]
By John Lee. Midland Oil Company (MdOC) has successfully restarted a previously idle vertical oil well in the Ahdab field, using horizontal drilling technology. The operation was carried out in cooperation with Chinese partner Al-Waha Company. Al Waha describes itself as follows: "Al-Waha (Al-Waha petroleum company), a holding joint-ventured enterprise jointly capitalized by CNPC (China […]
By John Lee. The Council of Ministers has approved an accelerated plan to develop the Akkas gas field in Anbar as part of the government's strategy to advance the oil and gas sector. The project will be led by the state-owned Midland Oil Company (MdOC), with Schlumberger (SLB) implementing the first phase. The field is […]
By John Lee. Iraq's Council of Ministers has approved converting the contract model for the Kirkuk Refinery's Hydrogenation and Gasoline Improvement Unit (12,000 barrels per day) from a Build-Own-Operate (BOO) to a Build-Own-Operate-Transfer (BOOT) model. The processing fee for the project has been set at $23 per barrel. (Source: PMO)
