Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
The output of OPEC in April hit its highest point since 2008 as extra crude from countries such as Libya, Saudi Arabia, and Iraq more than compensated from the loss of Iranian crude supply. Analysts found that the 12 member countries making up OPEC averaged 31.75 million barrels per day (mbpd). In April it was […]
The recent sanctions imposed on Iran by the United States has in turn put pressure on India to diversify to other oil producing nations. Until now Iran was India’s second largest supplier of oil, meeting 12% of the country’s needs. This position has now been taken over by Iraq. The reason for the movement away […]
Royal Dutch Shell is in talks to try to cut the production target at the Majnoon oilfield to 1 million bpd from 1.8 bpd. Shell executives proposed the extension of the oil fields plateau, which begins in 2017, to 20 years from seven years. The Iraqi side is understood to be resisting pressure to increase […]
EIC Consult brings you a fantastic opportunity to gain a thorough understanding of the Iraqi energy marketplace. The Iraq 2012 report delivers expert energy intelligence designed to identify existing investment opportunities and understand future growth requirements. The report provides over 200 pages of critical analysis of the current political and business climate alongside comprehensive coverage […]
The battle for Iraq’s oil goes on. Iraqi Kurdistan is intent on controlling its own oil, Baghdad is intent on wresting that control from them. Will the impasse ever be solved? Only if both sides see reason, one commentator argues in this article from NIQASH. Ever since oil was found in Iraq nearly a century […]
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 […]
The energy sector in Iraq is predicted to see investment of a minimum of US$50 billion over the next five years amidst a gradually improving security situation. This was one of the key findings of ‘Iraq – An Energy Overview 2012’, a comprehensive country report developed by EIC Consult, the market research and consultancy arm […]
The Special Inspector General for Iraq Reconstruction (SIGIR) has released its 33rd Quarterly Report to the U.S. Congress. This 158-page report is a valuable resource for all who are interested in economic development in Iraq. Please click here to download.
Iran's PressTV reports that the country's Gas Engineering and Development Company is planning to build a gas pipeline to export gas to Iraq. Ali-Reza Gharibi, the Managing Director of company, said on Friday that "the 48-inch gas pipeline to Iraq, which will run for 220 kilometers, will be a branch of Iran’s sixth national gas […]
Anglo-Arab Insurance Brokers (AAIB) launched the first on-line global travel plan to include war and terrorism cover as standard at the Arab Travel Markets Conference and Exhibition in Dubai on 30th April 2012. Marketed under the 'Frontier Travel' banner, www.frontiertravelinsurance.com offers insurance to travellers in any country in the world except the US and Canada […]
Iraq's crude oil exports averaged 2.508 million bpd in April, the highest level in decades, the head of the State Oil Marketing Organization (SOMO) has announced. The figure was up 8.3 percent on March's 2.317 million bpd, Falah al-Amri told Bloomberg. Oil sales in April generated $8.8 billion in revenue from a total of 75.25 […]
Afren plc announced on Wednesday several senior technical management appointments for its operations in the Kurdistan region of Iraq. Appointment of Managing Director Afren MENA Afren announces the appointment of Mr David Kennedy as Managing Director Afren MENA, who will assume responsibility for Afren's operations in the Kurdistan region of Iraq, including the major Barda […]
