The Oil Projects Company (SCOP) of the Ministry of Oil , Baghdad , Iraq , announces the issuance of a new supply tender. This tender call for Supply Crane (80) Ton Qt (2) , two and all accessories required as follows: Supply Crane (80) Ton Qt (2) two Spare parts for two years operation The […]
Archive | Iraq Oil & Gas News
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
New Tenders From MRC
Midland Refineries Company announces the below tenders: -Tools (Portable Power Driven) -Electrical Plant Spares -Tools -Instrument & Meters -Instrument & Meters -Instruments & Meters -PDC Propylene Dichloride -Supply Of Material -5 Ton Lorry Truck -Lab Equipment -Transformers -Spare Part For Reactors no R-201, R-202, R-203 -Equipments -Tools (Portable Power Driven) tube expander. For further […]
New Spares and Supply Tenders From NGC
NGC announces the following tenders: -Spares For Sponsler Turbine Meter . -Quotation for the Supply Of Forklift Truck 1 Ton. -Instrument Adjustable Air Regulator With Out Put Gauge . Click on each link to obtain further information. Please note that offers must be in sealed envelopes (technical offer ) with indent number and closing date […]
No More Charity: Making Iraq's Economy Work
Most of Iraq’s revenue comes from oil. But natural riches may also mean fewer political freedoms and a state that behaves like a charity toward its own people. This must change, an Iraqi economist Nagih al-Obeidi argues in this article from Niqash. The economic and political theory on “rentier states” says that a nation that […]
Gulf Keystone Raises $200m to Fund Iraq Programme
Gulf Keystone has announced that it has successfully raised $200 million to fund its exploration programme in Iraqi Kurdistan. In line with the Company's forward strategy announced on 14 September 2011 and in order to increase the focus on the aggressive programme of exploration and appraisal of the Shaikan, Sheikh Adi and Ber Bahr blocks […]
Tags: fundraising, Gulf Keystone
Gas Fire at Rumaila to Hit Oil Production
Reuters reports that a fire has broken out at a state-run gas compression unit at Iraq's Rumaila oilfield on Tuesday, killing one person and hitting oil production. "We have stopped exporting gas that would have been exported into this compressor and this will have an impact on our production from Rumaila," BP spokesman David Nicholas […]
KRG Puts Oil Contracts In Public Domain
As part of the Kurdistan Regional Government’s ongoing transparency initiative, the Ministry of Natural Resources is putting all signed production sharing contracts (PSCs) for oil and gas in the Kurdistan Region into the public domain. The move, announced today by Minister of Natural Resources Ashti Hawrami, means that the PSCs, their attachments and amendments are […]
Tags: KRG, oil contracts
$18bn to be Invested in Zubair
According to a document obtained by Reuters from Iraq's oil ministry, Iraq's Zubair oilfield will reach its peak output target of 1.2 million barrels per day (bpd) by the start of 2017. The Zubair consortium plans to invest around $18 billion to upgrade the southern Iraqi field, spending $2.8 billion in 2011, $4.9 billion in […]
Following Iraqi Success, Petrofac and CPECC form JV
Petrofac, the international oil & gas facilities service provider, and China Petroleum Engineering & Construction Corporation (CPECC), the engineering and construction subsidiary of China National Petroleum Company (CNPC), have established a new strategic joint venture, China Petroleum Petrofac Engineering Services (CPPES). Based in Sharjah, UAE, the joint venture will provide project management and engineering services […]
Tags: China National Petroleum Corporation, China Petroleum Engineering & Construction Corporation, China Petroleum Petrofac Engineering Services (CPPES), CNPC, CPECC, Petrofac
Iraq Oil Output Reaches New Highs
Bloomberg reports that Iraq’s oil production rose to 2.81 million barrels a day, the highest level since the U.S.-led invasion in 2003. Output from oilfields in the Basra reached 2.113 million barrels a day, while daily production in Kirkuk stood at 697,000 barrels, the Oil Ministry said in a statement. (Source: Bloomberg)
Tags: Iraq Oil Production News
Inspiring Investment Opportunities for Iraq’s Energy Sector
Iraq has been devastated by severe conflict for several years. However, rebuilding Iraq will prove to be one of the biggest global investment opportunities for companies involved in the energy sector. According to a recent article in The National newspaper, Iraq sits on the third largest oil reserves in the world and pumps 2.75 million […]
Design and Supply of Automatic FM-200 System For Pumping Station at Hadith
Design , supply of Automatic FM-200 system for electrical , control buildings pump house & booster pumps protection for K3 pumping station at Hadith. The country of origin of the materials should be from Western Europe, USA, Canada & Japan. Tenders documents may be collected (by an authorized representative of the tenderer) at SCOP's headquarter […]