Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraq's Council of Ministers has approved the awarding of the Third Offshore Pipeline Completion Project tender to an Italian-Turkish consortium. Italy's Micoperi and Turkiye's ESTA Construction will be given 757 days to complete the project. Micoperi describes itself as a leading contractor in the oil and gas offshore business for more 70 […]
Genel Energy has announced its audited results for the year ended 31 December 2024. Paul Weir, Chief Executive of Genel, said: "In 2024, we demonstrated further progress on our journey of building towards delivering resilient, diversified cash flows. Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in […]
By John Lee. The Iraqi Oil Pipeline Company has successfully removed an illegal tap on a 16-inch crude oil pipeline in the Nahrawan area, east of Baghdad. Company Director General Ali Abdul Karim al-Moussawi said that technical teams detected the breach, which involved a deliberate puncture connected to valves and a 100-meter plastic pipe for […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss energy cooperation and economic ties. Al-Sudani reiterated Iraq's commitment to collaboration with Turkish companies, particularly in the energy sector, including cross-border electricity interconnection and cooperation on the Strategic Development Road Project. He also […]
By John Lee. The Bazargan Oil Complex has announced the establishment of a gas compression unit with a processing capacity of up to 70 million standard cubic feet per day (MMscf), as part of efforts to fully utilize associated gas from Missan's oil fields. Hassan Falahi, head of the gas processing division, told the state-run […]
By John Lee. Iraq's Oil Pipelines Company has held discussions with the General Company for Iraqi Ports to enhance cooperation in developing the Ministry of Oil's berths. The meeting in Basra was led by Ali Abdul Karim Al-Moussawi, Director General of the Pipeline Company, and Dr. Farhan Al-Fartousi, Director General of the Ports Authority. The […]
By Tomer Raanan for Lloyd's List. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Over half of LPG cargoes claiming Iraqi origin may actually be Iranian LPG carriers' widespread use of manipulated AIS signals to simulate loadings in Iraq means insurers, flags, and other […]
By John Lee. Iraq's Ministry of Oil is progressing with the implementation of a dry gas pipeline to support power generation, following directives from Deputy Prime Minister for Energy and Oil Minister Hayan Abdul Ghani. Dr. Ezzat Saber Ismail, Deputy Minister for Gas Affairs, along with Ali Ward Hammoud, Director General of the State Company […]
By Tony Gamal-Gabriel and Ammar Karim for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq says seeking alternatives to Iran gas Iraq is exploring alternatives to Iranian gas imports, including options in the Gulf, a government official said, as it […]
By John Lee. The Iraqi Drilling Company (IDC) has completed drilling the first well (LF2) under its contract with Sonangol to drill 13 oil wells in the Qayyarah [Qayara] oilfield, Nineveh province. Drilling operations were conducted using the IDC 223 rig, with a horsepower capacity of 800, demonstrating the technical expertise and efficiency of IDC's […]
By John Lee. The National Investment Commission (NIC) held an extensive meeting with KBR on March 4, 2025, to explore the development of Iraq's first blue ammonia plant in Basra. According to the UK's Royal Society, 'blue ammonia' is ammonia produced using 'blue hydrogen', i.e. hydrogen produced by steam methane reforming (SMR) where the carbon […]
By John Lee. Iraq's National Investment Commission (NIC) has granted its first solar power investment license for a 1,000 MW project to France's TotalEnergies, marking what it described as a major step in the country's transition to renewable energy. NIC Chairman Dr Haider Mohammed Makiyya [Makia] confirmed that construction work has begun at the Ratawi […]
