Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Leighton Offshore officially launched its new engineering business in Malaysia. DPS Leighton Engineering Sdn Bhd (LE), a fully owned PMC subsidiary of Leighton Offshore, provides engineering and PMC solutions for Leighton's international EPCIC and LOFS business. Leighton's detailed engineering and PMC arm has grown from the former oil and gas engineering consulting business of DPS […]
ExxonMobil's Chief Executive, Rex Tillerson (pictured), refused on Tuesday to answer questions about the company's deal with the Kurdish Regional Government (KRG). When asked at a World Petroleum Congress in Qatar if he thought the contracts would hold up under Iraqi law, Tillerson said, "I'm not in a position to comment on that". At a […]
Bloomberg's Eduard Gismatullin interviewed Peter Voser, chief executive officer of Royal Dutch Shell Plc, at the World Petroleum Congress in Doha, Qatar, on Tuesday. His comments on operations in Iraq start about 9 minutes into the interview. (Source: Bloomberg) His comments on operations in Iraq start about 9 minutes into the interview.
DNO issued an update this morning on it operations: DNO's WI production from the Tawke Field in October 2011 was 26,649 bopd. DNO’s WI production 2011 YTD from Kurdistan was 35,517 bopd. The production figures from Tawke are reported as follows: The gross production from the Tawke field during October was 42,806 bopd, and this […]
Iraq is reported to be in talks with the United States about the exploration deals signed by ExxonMobil in Iraqi Kurdistan without Baghdad's approval, according to a report from Reuters. Deputy Prime Minister for Energy Affairs Hussain Al Shahristani (pictured) said that Iraq was considering several options, not sanctions, over the deal and there was […]
Reuters reports that iraq's oil ministry has asked consultants to draw up a plan with a lower output level and longer timeframe to achieve its oil output plans. Iraq's existing deals with international oil firms aim to boost its output capacity to 12 million bpd by 2017 from around 2.95 million bpd currently. But Iraq […]
Following the signing of the gas deal with Shell and Mitsubishi, the Iraqi Oil Ministry is considering exploiting flared gas at other oilfields, including in Missan [Maysan]. The Minister of Oil, Abdul Karim Luaibi [Abdul-Kareem Elaibi] told AKnews that the Iraqi government is considering projects similar to the Basra Gas Company. It is noteworthy that […]
According to a report from Tokyo Times, Japan's Minister for Economy, Trade and Industry, Yukio Edano (pictured), has told Nuri al-Maliki of Japans’s desire to work on the development of Iraqi oil fields. It was reported that a Japanese consortium led by Nippon Oil had been optimistic about securing the right to develop the Nasiriyah oil […]
The Oil and Energy committee of Iraq's Council of Representatives announced on Sunday that there are 10 oil fields stradling the Iraqi-Kuwaiti border that are waiting to be demarcated, according to AKnews. Committee member Furat al-Sharei told the agency that the oil will be extracted from these fields after finding joint mechanisms between the countries. […]
Iraq's oil exports averaged 2.135 million barrels per day in November compared with 2.088 million bpd in October, according to Falah Alamri, head of the State Oil Marketing Organisation (Somo). Iraq exported 1.712 million bpd from the southern oil hub of Basra and 423,000 bpd from the northern oilfields around Kirkuk, including 10,000 bpd shipped […]
Washington supports Baghdad's position regarding ExxonMobil's oil contracts with the Kurdistan Regional Government, according to reports from AKnews. Mahmoud Othman, a Representative from the Kurdish Blocs Coalition in the Iraqi Council of Representatives, told AKnews the measures the Iraqi government has taken towards Exxon are political and not economic. He said Baghdad believes this company […]
The industrialized world continues to struggle through a prolonged economic crisis. An Iraqi commentator in Berlin considers the impact of this on Iraq and how the country might avoid negative effects of a global recession. in this article from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views […]
