Iraq expects crude output from its southern oilfields, Rumaila, Majnoon and West Qurna Phase One, to reach about 2.1 million barrels per day (bpd) by the end of this year, the head of South Oil Company (SOC) said yesterday.
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
China's CNOOC Limited has announced that, the Company, via its wholly owned subsidiary - CNOOC International Limited, together with Turkish Petroleum Corporation (TPAO), have signed a technical service contract (TSC) for the development and production of the Missan Oil Fields within Iraq.
Rosneft, the Russian state oil company, has made its first foray into the Middle East with an agreement to develop projects with Crescent Petroleum, an Emirates-based private energy company.
Iraq's oil minister on Thursday invited international energy companies to bid for contracts to develop three untapped natural gas fields in Middle Euphrates Provinces.
The Iraqi federal government Tuesday approved a deal that would allow oil exports from oil fields in the semi-autonomous region of Kurdistan in northern Iraq, which have been on hold for the last seven months over a payment row with Baghdad, a cabinet spokesman said. "The cabinet has approved a request submitted by the oil […]
CNOOC and Turkish Petroleum Corp. have signed a 20-year contract to develop the Missan oil-field in southern Iraq By Chen Zhu CNOOC Ltd., the Hong Kong-listed unit of China National Offshore Oil Corp. has partnered with the state-run Turkish Petroleum Corp. (TPAO) to win a contract with Iraq to develop the lucrative Missan oil-field in […]
Minister says $1b project to raise export capacity to 4.5m bpd by 2012 is on track Iraq expects crude output to increase by about 600,000 barrels per day (bpd) through 2011, based on initial plans from global firms for oilfields that were auctioned off last year, a senior oil official said yesterday. Deputy Oil Minister […]
Shares in Gulf Keystone (GKP.L) rise 18 percent, making the oil explorer one of London's top risers, on positive sentiment after Iraq approves a Kurdish oil exports deal which could allow oil exports to resume from the semi-autonomous region. [ID:nLDE64H1NN] "The agreement shouldn't really do much to Gulf Keystone because they don't plan on exporting […]
Iraq’s government approved an accord between the oil ministry and Kurdistan to export crude produced in the semi-autonomous region through a marketing company, paving the way for shipments to resume. Companies including DNO International ASA and Genel Enerji AS halted oil exports from Kurdistan in October, about four months after they started, because there was […]
Iraq, which last year awarded ten contracts to oil majors, expects to boost oil output to 3.2 million barrels per day (bpd) by the end of 2011, a top official said.
The Iraqi oil ministry is set to sign a contract with a Turkish-Chinese consortium to develop three new oil fields in the country's southern area, an Iraqi oil official said Sunday.
Mr. Fu Chengyu, Chairman and CEO of the Company welcomed the signing of the TSC and commented, "It is a great pleasure to participate in rebuilding Iraqi's oil industry together with TPAO.