Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Officials in Basra are reportedly trying to cancel a $17 billion Shell gas deal because they want a bigger say, highlighting the pressure on central government to ease its control over the provinces. According to the report from Reuters, the province is increasingly restless with the slow pace of development and wants more control over […]
WesternZagros Resources Ltd. (TSX VENTURE:WZR) will be profiled in a BTV - Business Television feature to be broadcast on national TV in Canada and the U.S. on December 10 and 11, 2011. BTV, a half-hour weekly business news program, profiles emerging publicly-traded companies across Canada and the U.S. WesternZagros's BTV segment will feature interviews with […]
Norwegian oil company DNO, which has extensive interests in Iraqi Kurdistan, has issued an updated corporate presentation. Please click here to download (7.6 MB).
The 2nd Basra Oil & Gas, organized by Expotim International Fair Organizations INC and Pyramids International Group, concluded on the 28th November with record exhibitor and visitor numbers. The 2011 edition of the largest oil & gas show in Iraq welcomed 17,000 visitors from over 40 countries emphasizing its stance as an international exhibition. This […]
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 […]
