Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Bloomberg reports that Iraq’s crude output rose to its highest level in 20 years, as CNPC's Halfaya oilfield ramped up production. Abdel Ilah Qassem al-Amir, a spokesman for Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, told Bloomberg on Tuesday that output exceeded 3.07 million bpd. The Director General of the Missan Oil Company said […]
Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries, has been awarded a supply contract valued at about $100 million by the Rumaila Operating Organization (ROO) in Iraq. The ROO is a joint venture between the state owned South Oil Company (SOC), BP and the China […]
Hitachi Plant Technologies and Sumitomo Corporation have concluded an agreement with Iraq's South Oil Company (SOC) to commence investigations for introduction of Hitachi Plant Technologies’ advanced water treatment system for the Iraqi oil industry. Iraq is expected to be one of high oil-producing countries of the world, and further investment in oil development such as […]
Iraq's Deputy Prime Minister, Roz Nouri Shawees [Rowsch N Shaways] (pictured), has praised relations between Iraq and Russia in all fields, but particularly in the oil and gas sectors. In an interview with Russia Today TV, he said that "Iraqi doors are open to all Russian companies". He pointed out that Iraqi oil bids are transparent, and […]
Delegates to CWC‘s Iraq Petroleum 2012 conference in London last week received an update on the country's refining capacity and plans from H.E.. Dr Bayazeed Hassan Abdullah, MP, member of the Oil and Energy Committee of the Iraqi Parliament. He said the twelve existing refineries have a combined capacity of up to 886,000 barrels per […]
Mr Hans Nijkamp, the head of Shell's operations in Iraq, has highlighted the success in removing explosive remnants of war (ERW) at the Majnoon oilfield, in which Shell has a 45% stake. Speaking at CWC‘s Iraq Petroleum 2012 conference in London last week, Nijkamp said that more than 12 million square metres had been cleared […]
Gulf Keystone provided an update on Tuesday on its ongoing appraisal programme at the Shaikan block in the Kurdistan Region of Iraq, which is a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of 10.5 […]
According to a report from AIN, the Iraqi Government has proposed the development of an 'Organization of Gas Producing Countries', similar to OPEC, which was founded in Baghdad in 1960 as an initiative from the Iraqi government. The Deputy Prime Minister for Economic Affairs, Dr Rowsch N Shaways, said in his speech to the International […]
At CWC‘s Iraq Petroleum 2012 conference in London last week, the head of Shell's operations in Iraq gave a detailed account of progress at the Majnoon oilfield, in which Shell has a 45% stake. Mr Hans Nijkamp said that Shell Iraq Petroleum Development manages all contracts on behalf of the Majnoon venture, and that there […]
Iraq's Deputy Prime Minister says ExxonMobil is still engaged with the West Qurna-1 oil-field in the south of the country. At CWC‘s Iraq Petroleum 2012 conference in London last week, Dr Rowsch N Shaways told Padraig O’Hannelly for Iraq Business News : "To my knowledge, Exxon is still operating in the South, with current contracts. […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
John Teeling, Chairman of Petrel Resources, made the following comments on the company's Iraqi operations in its preliminary results for the Year Ended 31 December 2011: "First formed in the 1980's to explore offshore Ireland, Petrel entered into Iraq in 1999. We worked diligently with the Iraqi Oil Ministry and in 2002 agreed an exploration […]
