Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
AKnews reports that the debate on draft hydrocarbon legislation has been postponed by the Oil and Gas Committee of the Iraqi Council of Representatives because of the continued absence of Iraqiya List members. The law needs the approval of all parties to be passed. On 3rd January the committee revealed that an initial agreement between […]
Businesses considering entering the Iraqi market are being offered a second free seminar, to explore further the considerations for operating in Iraq. The second of a series of “Opportunity Iraq” seminars is being delivered by Upper Quartile as part of Aberdeen City Council’s international trade and investment team’s support services. This will deal with the […]
Iraq has disclosed detailed information about the US$ 41 billion in revenue it received from oil and gas exports in 2009. Iraq’s disclosure of the figures follows the country’s commitment to the EITI standard, the global standard for transparency of resource revenues. The revenues are published in Iraq’s first EITI Report, which detailed production figures […]
International learning and skills specialist Atlas has expanded the global footprint of facilities capable of delivering the groundbreaking new global training initiative IMIST for the oil and gas industry with the approval of the first centre in Iraq. The accreditation of the Al Delma facility in Basra City demonstrates Iraq’s commitment to developing its energy […]
The EIC has confirmed that the Iraq trade mission is definitely going ahead on 11-15 Feb 2012. Please see the attached information pack for more details in regards to itinerary, security, insurance, Hostile Environment Training, etc. Due to the location, please ensure that you read the attached information carefully before submitting your application. Deadline for […]
Insurance solutions to address and cover the risks and exposures in oil and gas exploration & production. Tuesday, February 14 to Wednesday, February 15, 2012 Hilton Jumeirah Hotel, Dubai With recent political unrest in the Middle East facilitating a spike in oil prices, the growth in energy projects is set to continue unabated with the […]
Shares in Gulf Keystone Petroleum (GKP) closed up over 21% on Tuesday on renewed bid rumours, having been up as much as 40% in intraday trading. The company, which issued an update on operations on Monday, last month denied that is was in takeover talks, following rumours that ExxonMobil was considering making a bid for […]
Following a significant upgrade in the gross reserves of the Tawke oilfield in the Kurdistan Region of Iraq, Genel Energy plc today announced that it is to embark along with its partners, on a plant and pipeline upgrade which will significantly increase the production capacity of the field. The London-listed Anglo-Turkish company said that the […]
WesternZagros Resources has provided an operational update for the drilling and testing operations at Mil Qasim-1 and Kurdamir-2, and the continued production from the Sarqala-1 extended well test. Mil Qasim-1 Exploration Well (Garmian Block) The Mil Qasim-1 well was cased to a depth of 2,129 metres and successfully drilled and wirelined logged to a final […]
DNO International ASA announced the completion on Tuesday of its merger with RAK Petroleum PCL´s MENA operating subsidiaries, and increased its share capital to NOK 255,819,813.75 (comprised of 1,023,279,255 shares of NOK 0.25 each). On Friday, an Oslo court threw out a request by Petrolia Invest AS for an injunction to halt the merger, and […]
Kurdish oil minister Ashti Hawrami (pictured) has confirmed the names of the six exploration blocks awarded by the Kurdistan Regional Government to ExxonMobil: Al Qush, northwest of Erbil city and formerly assigned to Komet Group but withdrawn for lack of development; Bashiqa, southeast of Al Qush town; Pirmam in Erbil; Betwata; Qura-Hanjeer, southwest of Chamchamal; […]
Gulf Keystone provided an update on Monday morning on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, 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 […]
