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Archive | Iraq Oil & Gas News
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Tags: WesternZagros
WesternZagros's Kurdamir-2 Well More than Doubles Oil Resource Potential
WesternZagros Resources today announced an update of the Company's ongoing exploration and appraisal program, and a substantially revised Prospective Resource Assessment of the Eocene reservoir for Kurdamir. The Eocene reservoir is the second of the three targeted reservoirs in the Kurdamir-2 well (currently drilling). The revised assessment is based upon the Kurdamir-2 well encountering an […]
Iraq's 4th Energy Licensing Round – Success or Failure?
Nearly a week has passed since the finalisation of Iraq's fourth round of oil licences, this time relating to oil and gas exploration blocks. In the meantime, the debate has rumbled on regarding the results of the auction, with some regarding it as a success and others as a failure. Among the professionals, the consensus […]
Tags: 4th round oil licences, 5th round energy licences, Centre for Global Energy Studies, PCLD, Petroleum Contracts and Licensing Directorate, Wood Mackenzie
Iran, Iraq Boost Cooperation in Energy Sector
Iraq and Iran have agreed to increase their cooperation in the oil, gas and refinery sectors. Iran's Fars News Agency reports that the Managing-Director of the National Iranian Oil Refining and Distribution Company (NIORDC), Ali Reza Zeiqami, said on Monday that Iran and Iraq had reached an agreement to expand cooperation in developing joint fields, […]
Tags: Azadegan, Dehloran, Iran, Naftshahr, National Iranian Oil Refining and Distribution Company (NIORDC), Paydare Gharb, Yadavaran
Iraqi Kurdistan Expects 2m bpd Output by 2019
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 Trains Delegates from Iraqi Oil Ministry
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 […]
Tags: CommLab India, india
Oryx Engineering Solution Centre Officially Opens
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 […]
Iraq Exports 2.452m bpd Crude in May
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. […]
Tags: Iraq Oil Exports News
Chevron Phillips Chemical to Study Iraq Plant
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 […]
Dunia Weekly Iraq Market Tracker
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 […]
Tags: 4th round oil licences, Barzani, Basra News, DNO, Dragon Oil, Dunia Frontier Consultants, Exxon, Genel Enerji, Gulf Keystone, Inpex, KDP, Kuwait Energy, Luaibi, LUKoil, Muqtada al-Sadr, Muthanna, Nouri al-Maliki, Oil & Gas, Oil Deals, Pakistan Petroleum, Peshmerga, PUK, Shahristani, Shell, Turkey, Turkish Petroleum, WesternZagros
UK-Turkey Investment Opportunities in Iraq
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 […]
Tags: Caspian Gas Forum, CMX Caspian and Gulf Consultants, conferences, Gastech, Genel Energy, Yazici Law Offices
Iran "Seeks to Sabotage Iraq's Oil Drive"
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 […]