Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
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 […]
Bloomberg reports that Iraq is to offer more attractive terms in its next auction of exploration rights for natural gas. Oil Minister Abdul Kareem al-Luaibi [Elaibi] (pictured), told the agency in an interview: “Bidding will be next year, but we will start now to prepare the data package, and we will hold a roadshow for […]
UPI reports that the Iraqi and Jordanian governments plan to meet in July to discuss the building of a natural gas pipeline between the countries. As its current supplies of natural gas from Egypt are unreliable, the Jordanian government has been considering securing natural gas supplies from other neighbouring countries. Last week, Iraq approved a […]
The governor of Nineveh province, Atheel Nujaifi, has expressed support for the oil deals signed in October between ExxonMobil and Kurdistan Regional Government (KRG), according to a report from AKnews. Atheel, who was reportedly opposed of Exxon's KRG deals, said in a interview with Iraq Oil Report that joint oil development could help ease tensions […]
AIN reports that the China National Offshore Oil Corporation (CNOOC) has started to dig its first oil well in the Fakka oil field in eastern Maysan [Missan] province. A statement from the Missan Oil Company said that the project to develope the Maysan oil fields of Bazergan [Buzurgan], Fakka, and Abo Gharab [Abu Ghirab] has […]
Sonoro Energy has announce that the company, through a wholly-owned subsidiary, has entered into an agreement to purchase a drilling rig for their planned asphalt operations in Salah ad Din Province. The drilling rig will be transferred to a joint venture company ("JV Co"), to be established by Sonoro and its partners, Berkeley Petroleum Mesopotamia […]
A plan to construct a new oil pipeline, with a capacity of 1 million barrels per day, between Iraqi Kurdistan and Turkey has drawn positive responses from many in the oil industry, according to a report from Investors Chronicle. Paul Atherton, finance chief of Heritage Resources, said: "This is an excellent opportunity for Heritage to […]
According to a report from AKnews, Iraq's Council of Ministers has agreed to authorize the Minister of Oil to sign a memorandum of understanding with the Ministry of Energy and Mineral Resources in Jordan in the areas of oil and energy. The five-year agreement includes the construction of a pipeline to transport crude oil and […]
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 […]
DNO International ASA, the Norwegian oil and gas company with operations in Iraqi Kurdistan, is holding its Annual General Meeting in Oslo at this morning. Please click here to download the presentation made by the Managing Director, Helge Eide. A statement from the company added: "The latest results from testing of the Peshkabir-1 well in […]
Iraq has named Thamer Ghadhban as its candidate for the position of head of OPEC, and some analysts believe he could be an acceptable compromise candidate. Based on current differences, "I don’t believe it can be an Iranian or a Saudi," said Neil Atkinson, an energy analysis director at UK research firm Datamonitor, who notes […]
The Tehran Times reports that Iraqi officials have expressed interest in using experts from Iran to build a section of a natural gas pipeline on their side of the border. Javad Oji, managing director of the National Iranian Gas Company, said talks with Iraqi officials in Baghdad resulted in agreements between the countries to move […]
