Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
As part of its interim management statement, Afren plc has issued an update on its operations in Iraqi Kurdistan. The shares are up 11% since the statement: On 2nd November, the Company announced completion of the acquisition of a 60% operated interested interest in the Barda Rash PSC and 20% non-operated interest in the Ain […]
The following article was published on Monday by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
Reuters reports that Iraq's cabinet approved a $17 billion deal with Royal Dutch Shell and Mitsubishi on Tuesday to capture gas that is now being flared off in the oilfields around the southern oil hub of Basra. The 25-year venture is expected to help Iraq make use of more than 700 million cubic feet per […]
Speech by British Ambassador, Michael Aron at the Kurdistan-Iraq: Oil & Gas Conference Mr Chairman, Prime Minister, Ladies and Gentlemen. Thank you for inviting me to speak at Kurdistan-Iraq Oil & Gas 2011. The timing could hardly be better.. as the country with greatest potential for increasing conventional oil production in the medium term, the […]
The Kurdistan-Iraq Oil and Gas Conference in Erbil heard confirmation that the Kurdistan Regional Government has signed an oil exploration contract with ExxonMobil, the world's largest oil company. Ashti Hawrami, the minister for natural resources, told the conference that the KRG had signed a contract with ExxonMobil and that the federal government was kept informed […]
Following the confirmation that ExxonMobil will be exploring six blocks in Iraqi Kurdistan, oil major Chevron is said to be in talks with the Kurdish government to begin exploration activity in the region. KRG’s natural resources minister Ashti Awrami revealed that his government was in talks with 3 major oil companies to begin exploration in […]
The Financial Times reports that Genel Energy plans to build a pipeline that will connect its fields in the Kurdish regions in northern Iraq to a port in Turkey on the Mediterranean. Reuters reports that the pipeline will run from DNO's Tak Tak field to Faysh Khabour, which is the upstation in the northern part […]
Basra province and the Italian oil company ENI have agreed to hold courses for agricultural personnel in both governmental and private sectors, according to Aswat al-Iraq. A meeting was held with the Italian company to grant support to agricultural projects in the province, with the attendance of representatives from Florence University in Italy, which will […]
AKnews reports that Iraqi Prime Minister Nouri al-Maliki has accepted an official invitation from the Kuwaiti Prime Minister Naser al-Mouhammed to visit the country in the coming days to discuss the outstanding issues between the two countries. Among the issues causing tensions between the two neighbours are shared oil fields, land and water border demarcations, […]
Another leader of Genel Energy has stated his opinion that Norway's DNO is a possible takeover target. "DNO is our natural partner so it makes a lot of sense if we can take them into Genel," Mehmet Sepil, CEO of Genel Enerji, told Reuters. Genel Energy, formed by the combination of Vallares Plc and Turkey's […]
The fallout from the agreement between the Kurdistan Regional Government (KRG) and ExxonMobil to explore six blocks in Kurdistan continues to be felt. According to a report on Friday by Radio Free Europe/Radio Liberty, the U.S. government-funded news outlet, Iraq’s central government said it had settled the oil dispute with the KRG with an agreement […]
Gulf Keystone CEO Todd Kozel (pictured) has told Reuters that the Kurdistan-focused oil explorer has interest for its 20 percent stake in the Arki-Bijeel block in the semi-autonomous region, but any sale was still in the preliminary stages: "We've got a lot of interested parties, but we have not identified a purchaser. "We haven't gone […]
