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.

ShaMaran Up on Results

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 […]

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NGC Announces New Tenders

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.

Shell Expands Further in Iraq

Shell Global Solutions has signed an agreement with the South Refineries Company of Iraq for the provision of technology licenses to a refinery in Basra, Southern Iraq. Shell Global Solutions will provide a license for a sulphur recovery unit and visbreaker unit as part of the agreement. Together with the refinery expansion, these technologies will […]

Iraq Future Energy 2011

The Iraq Future Energy Conference will be hosted in Istanbul, Turkey, from 26th September to 29th September. There is a full programme to demonstrate how energy and infrastructure companies can take a piece of the projects worth tens of billions of US dollars. Attendees can learn about the Ministry of Oil's four-year plan ending in […]

Iraq's Southern Exports Hit 6-month High

Reuters reports that Iraq's oil exports from its southern ports jumped last month to a six-month high, reflecting efforts by foreign oil companies to boost production. Exports from the Basra oil terminal and Khor al-Amaya averaged 1.77 million bpd in July, shipping data tracked by Reuters showed. That is the highest since 1.8 million bpd […]

WesternZagros Amends Production Sharing Contract in Kurdistan

WesternZagros Resources has announced that it has finalized an agreement with the Kurdistan Regional Government of Iraq ("KRG") and Talisman (Block K44) B.V. ("Talisman") to amend the original Production Sharing Contract ("Original PSC") that governed the Company's exploration activities in the Kalar-Bawanoor Block in Kurdistan. The agreement divides the contract area of the Original PSC […]

NGC Announces A New Power Transformer Tender

North Gas Company invites to bid for a new outdoor power transformer with the following specifications: Rating 2000KVA Cooling: ONAN No-Load ratio : (3.3 /0.4) KV Phases: 3 Frequency : 50HZ No-load tap changer: 2*2.5% Insulation Liquid : Oil Vector Group: Dyn 11 Primary Connection: Delta Secondary Connection: Star-Neutral Ambient Conditions: Tropical/55 celsius degree Neutral C.T […]

Total CEO Faces Trial over Oil-for-Food

A French magistrate has decided to send giant Frence oil company Total and its chief executive to trial on charges that the company engaged in corruption during the United Nations oil-for-food program in Saddam Hussein's Iraq, according to Reuters. The magistrate is sending the company to trial on charges of corruption and involvement in fraudulent […]

Iraqi Politics and Implications for Oil and Energy

While prospects that Iraq could reach its ambitious oil production targets are fading, political instability in a number of oil-producing countries are having adverse effects on OPEC production and spare capacity, according to a new study by the Baker Institute. The report says that the international community is very likely to be reliant on Iraq […]

New Spare Parts Tenders from NGC

North Gas Company announces the below tenders: -Spare Part for Equipment Cartridge Filter BA-FD-1203/2203 , Filter element material : Cotton , Perforated plate sus 304 internal core with max thickness = 1 mm. For further information , please click on this link. Spare for Ajeel Gas Field Diaphragm seal smart type differential transmitter out put hart with […]