Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The Iraqi Oil Tanker Company (IOTC) has confirmed that the oil tanker 'Akkad' was involved in a collision at Berth 9 in Umm Qasr Port on 29th March 2025, with no reported injuries. Following the incident, Minister of Oil Hayan Abdul Ghani directed the formation of a technical investigation committee to determine […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, has addressed key energy issues in interviews with Al Arabiya and Al Hadath, outlining government efforts to secure power supply and mitigate potential summer shortages. Key points include: The halt of exemptions has affected 800 MW of electricity imports from Iran, impacting Diyala, Maysan, […]
By John Lee. As part of the government's national program, Iraq's Ministry of Oil has announced the opening of four new liquefied gas (LPG) fueling stations along the international highway connecting Baghdad to the southern provinces. The initiative is led by the General Company for Gas Filling and Services, aiming to expand gas-powered vehicle infrastructure […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for February, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 95,148,167 barrels. Exports from the oil fields in […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies will not resume crude oil exports via the Iraqi-Türkiye Pipeline (ITP) until the Government of Iraq (GOI) guarantees contract sanctity and payment for past and future exports. Full statement from APIKUR: Designated International Oil Companies (IOCs), along with […]
From the Extractive Industries Transparency Initiative (EITI). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq scores 55.5 points in EITI implementation The EITI Board concluded that Iraq has achieved a score of 55.5 points (fairly low) in EITI implementation. The country has shown […]
By John Lee. Iraq's Ministry of Oil signed a Memorandum of Understanding (MoU) with the American University on Monday to enhance cooperation in training and education. According to Bassem Mohammed Khudair, Deputy Minister for Extraction Affairs, the agreement will support the Ministry's strategy for developing technical, engineering, and administrative personnel to ensure optimal management of […]
By John Lee. Iraq's Prime Minister, Mohammed S. Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz. The signing ceremony on […]
By John Lee. Iraq's Council of Ministers has approved the award of Tender No. CSSP-ITT-06 from Basra Oil Company (BOC) to China Petroleum Pipeline Engineering Co., Ltd. (CPPE). The project involves the construction of a seawater pipeline, as part of the Common Seawater Supply Project (CSSP). The contract will be executed over 54 months, including […]
By John Lee. The first Iraqi cohort to complete the Engineering Construction Industry Training Board's International Health and Safety Passport (IHSP) have been presented with their certificates. The 15 learners completed the IHSP Foundation course as part of a five-month pilot construction training programme at Basra Technical Training Centre (BTTC), developed by Wood Al Majal […]
By John Lee. The United States has pushed the Iraqi government to finalise an agreement with international oil companies (IOCs) to resume crude oil exports through the Iraq-Turkey Pipeline (ITP). At the daily press briefing on Wednesday, State Department spokesperson Tammy Bruce told reporters: "We're urging the Iraqi Government to reach an agreement ... with […]
By John Lee. Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. Shares were trading up more than two percent at lunchtime. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "2024 was a year of strong operational and financial delivery for Gulf Keystone. We have sustained our […]
