Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Iraqi Kurdistan aims to increase increase oil production to 2 million barrels per day (bpd) by 2019, KRG Energy Minister Ashti Hawrami (pictured) told a panel at a World Economic Forum meeting in Istanbul on Tuesday. According to a report from Reuters, Hawrami also said that he wants companies to build pipelines so the fuel can […]
CommLab India has successfully completed a two-month eLearning training program for delegates from Ministry of Oil (MoO), Iraq. 24 professionals representing MoO were trained in all aspects of eLearning such as Instructional Design, Courseware development and Learning Management System at CommLab's premises in India. The officials received an in-depth understanding of the nuances of developing […]
Oryx Engineering Solutions (OES) is pleased to announce the official inauguration of the 1st of its kind fully integrated end-to-end engineering solutions service center, based in the heart of Ras Laffan in State of Qatar. The Centre was officially inaugurated, on behalf of H.E. Dr. Mohammed Bin Saleh Al-Sada, the Minister of Energy & Industry […]
Reuters reports that Iraq's oil exports in May averaged 2.452 million bpd, down from 2.508 million bpd in April. The spokesman for the Oil Ministry, Asim Jihad, said on Saturday that exports from Basra (pictured) were 2.086 million bpd in May, with another 366,000 bpd from Kirkuk, including 7,000 bpd sent by truck through Jordan. […]
Chevron Phillips Chemical Co., a joint venture between Chevron and ConocoPhillips, signed a letter of intent to evaluate the feasibility of developing a petrochemical plant in Iraq, according to a report from Bloomberg. Hanaa al-Husseini, a spokeswoman for the Industry and Minerals Ministry, said the company would look into building a new facility and upgrading […]
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 […]
As Iraq starts to recover after civil unrest now is the time for the international community to understand the current issues which will help mould the country's future through investment. At the Pre-Forum Executive Briefing of the Caspian Gas Forum, the UKTI in partnership with Gastech Specialist Events will focus on the current business landscape […]
According to a report from UPI, global security consultancy Stratfor says Iran is systematically stealing Iraq's oil, either by siphoning it off from pipelines to boost its own exports, or by extending its control over Iraq's southern oilfields in Shiite-controlled Basra province: "Iran's deep political, economic and militant links in Iraq -- particularly in the […]
MP Firhad al-Atroushi of the Kurdistani Alliance, and a member of the Parliamentary Oil and Energy Committee, has reportedly described Iraq's 4th round energy auction "a violation to the Iraqi Constitution." He added that it represents a legal problem since it is supposed to be overseen and supervised by the Parliament: "The Kurdistani Alliance has […]
Following the allocation of only three of the 12 exploration fields on offer in Iraq's 4th round energy auction, the Oil Ministry plans to go ahead with a 5th round auction for more sites. “Of course, we will prepare for a fifth round, and we have more than 60 blocks ready for bidding,” Oil Minister […]
Iraq’s government signed deals for only three of the 12 oil and gas exploration blocks offered in its fourth energy auction, which ended on Thursday, reflecting reluctance of foreign bidders to risk money in unexplored areas. Russia's LUKoil, along with partner Inpex Corp of Japan, won the deal for the 5,500-square-kilometer Block 10 in Muthanna […]
Wednesday was Day 1 of Iraq's two-day auction for the rights to 12 new exploration fields, but the long-awaited and often-delayed event was widely considered a disappointment, with only two bids received and only one deal agreed. The reason, say critics, is that Iraq is playing hardball on the terms offered to the 47 international […]
