Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Mohammed Saleh, Deputy Governor of the Central Bank of Iraq, highlighted his fears for Iraqi revenues due to the second leg of the financial crisis in the U.S.A., which was kickstarted by a credit-rating downgrade. With oil prices moving between $80 and $90, they are down from the $100 to $115 range they were trading in […]
Gulf Keystone, the London Aim-listed, independent oil and gas exploration and production company with operations exclusively in the Kurdistan Region of Iraq, found its second massive oil discovery just days ago. The share price rose by more than a quarter on the news, and have now fallen back to +12%, putting them just over 120p. Gulf […]
Hillwood International Energy, an independent oil and gas explorer from Dallas, Texas, and Marathon Oil Corporation, another independent, based in Houston, Texas, have gauged a large oil discovery on the Sarsang block north of Dohuk on the Zagros fold belt in Iraqi Kurdistan, according to the Oil & Gas Journal. The total flow rates in the […]
AKnews reports that Shell and Mitsubishi’s giant gas venture in Basra has been criticised for planning to sell gas to fuel-starved Iraqi power plants at too high a price. The fuel will be sold at $4.38 per million British thermal units (mbtu), less than a third of the $15/mmbtu that is charged in parts of […]
Gulf Keystone announced today results of an independent preliminary evaluation of the Sheikh Adi resources by Dynamic Global Advisors (DGA), independent Houston-based exploration consultants. The DGA report, based on Sheikh Adi-1 wireline logging data, core samples, 2D and 3D seismic and regional data, has indicated a significant range of between 1 billion barrels and 3 […]
The drilling and completions contract covers 23 wells in the West Qurna phase two field. LUKOIL has awarded Baker Hughes a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq, 50km west of Basra. Under the terms of the contract, Baker Hughes will provide […]
The attached document is a detailed analysis of the joint venture between South Gas Company and Shell & Mitsubishi, prepared by our expert blogger Ahmed Mousa Jiyad. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies-CGES, London. He was formerly a senior economist with the Iraq National Oil […]
Iraq has qualified 41 companies to participate in its 4th energy bidding round, which is scheduled to take place in late January, Abdul-Mahdy al-Ameedi, director of the oil ministry's contracts and licensing directorate, told Reuters on Sunday. The 4th bidding round for the 12 new exploration blocs is expected to add 29 trillion cubic feet […]
Heritage Oil has announced that it has commenced drilling the Miran West-3 well in the Kurdistan Region of Iraq. Highlights The Miran West-3 well has commenced drilling with the primary objective of appraising the Miran West structure The well is targeting both the Jurassic and Cretaceous reservoir formations encountered in the Miran West-1 and Miran […]
Shares in ShaMaran Petroleum Corp were up 7% on Friday following the announcement of its financial and operating results for the second quarter of 2011 Highlights A major oil discovery in the Atrush Block was announced by the Company on April 13, 2011. The Atrush 1 well flowed at rates totalling over 6,393 bopd of […]
Gas Filling Company -one of the Ministry of Oil companies –has the pleasure to re-announce for the tender of supplying (4000) tons of (Body plate for L.P.G cylinder) from origin ( Belgium or West Europe or Japan or America) as a part of capitalism budget of 2011, all manufacturer companies & their approved agents companies […]
North Gas Company announces the below tenders: -Automatic Instrument -Spare for SRU 4700 -Complete Z Configuration Skid -Spares of SRU Unit -Supply a complete refrigeration package Please click on the above links to obtain further information about every tender.
