Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Waheed Ghanim. 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. Basra’s farmers say the oil industry is “occupying” their land – and that the one thing the Iraqi government is forgetting in its race to get […]
Iraq will invest around $500 billion in energy and linked industries with the help of the private sector by 2030, the Deputy Prime Minister for Energy told a conference hosted by the Iraq Britain Business Council and Iraq's National Investment Commission. Dr Hussain al-Sharistani (pictured) said the move would generate around $6 trillion in revenues […]
By Ahmed Mousa Jiyad. Since mid-2009 Iraq has been pursuing aggressive strategy to develop the country’s petroleum sector, especially the upstream and midstream subsectors. Such development efforts would, if realized, bring outstanding results for Iraq and the world petroleum market. However, there are huge uncertainties and formidable challenges in the path of such unprecedented expansion. […]
Kurds in Iraq are growing restless and impatient over the violence and open political rivalries in Baghdad, between Shias and Sunnis. Iraq's autonomous Kurdish region of four million is a haven of relative stability and prosperity and what's more has its own oil riches to exploit. HARDtalk’s Zeinab Badawi speaks to Ashti Hawrami (pictured). For […]
By John Lee. At Iraq Business News we are committed to bringing you up-to-date information to help your business in Iraq. With that in mind, our revised Tenders Service has listed 26 new opportunities this week alone, covering such products and services as industrial valves, pharmaceuticals, dental supplies, construction equipment, and consultancy services. With the […]
By John Lee. Iraq's crude oil production has risen to the highest level since 1979, according to a report from Bloomberg. Citing Oil Ministry sources, the news agency says output has hit 3.328 million barrels a day (bpd), of which 2.484 million bpd are exported from Basra. In June Iraq's oil production overtook that of […]
By John Lee. According to a statement on Wednesday from the office of Deputy Prime Minister for Energy, Hussain al-Shahristani, Shell has denied starting talks on possible energy deals with Iraqi Kurdistan. "We don't have any discussions with the Kurdish regional government about working in the region," Shell's vice-president Hans Nijkamp is reported to have […]
By John Lee. Iraq's cabinet has approved three oil and gas contracts awarded to foreign firms in the 4th round energy auction in May. Government spokesman Ali al-Dabbagh (pictured) said cabinet approved an initial gas exploration contract with Pakistan Petroleum for gas Block 8, another deal led by Russia's Lukoil along with Inpex of Japan […]
By John Lee. Petrel Resources, the AIM-listed, Irish hydrocarbon exploration company with activities in Iraq, Ghana and Offshore Ireland, today announced its interim results for the six months ending 30 June 2012: Operational Highlights: New management team appointed in Iraq. They have clarified Petrel's relationship with the authorities and are pursuing existing and new opportunities. […]
By John Lee. Iraq and Jordan have agreed to build a pipeline to supply Jordan with crude oil and natural gas, according to Petra, the Jordan News Agency. Iraqi Oil Minister Abdul Karim Luaibi [Elaibi] said that the pipeline would carry crude oil to the Jordanian refinery in Zarqa for use in Jordan, and to […]
By John Lee. Reuters reports that the Kurdistan Regional Government (KRG) expects an initial payment of 1 trillion dinars ($858 million) from Baghdad to clear next week after the two sides settled their dispute over payments to oil producers. "By 2015, we are looking at 1 million barrels per day. We're on track, regardless of […]
Baghdad will host Iraq's most anticipated energy event thus far on the 12/12/2012. Founded and hosted by Iraq Energy Institute (IEI), the Iraq Energy Forum (IEF) represents a unique gathering, distinguished by its exclusive line-up of senior Iraqi government officials and decisions makers, ambassadors, IOCs, industry leaders and cross-sector world renowned industry experts. The event […]
