Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The state-owned Iraqi Drilling Company (IDC) has signed a contract with Angola's Sonangol to drill 10 developmental wells and 3 optional appraisal wells in the Qayara [Qayyarah] oil field, part of the North Oil Company (NOC)'s fields. T he project will be executed on a turnkey basis in collaboration with Baghdad-based Arab […]
From the Iraq Britain Business Council (IBBC): As part of the official visit of Prime Minister Mohammed Shia Al Sudani to the United Kingdom the IBBC was delighted to host a business reception in honour of the Prime Minister and his delegation. The reception took place on 15th January, at the home of the Institute […]
By John Lee. Representatives of four Irish companies met with Prime Minister Mohammed S. Al-Sudani as part of his official visit to the United Kingdom. The meeting included discussions with the directors of major companies specialising in cybersecurity and data centers, construction and development, export of livestock and meat, and the energy sector. The company […]
By John Lee. A ceremony in London marked the signing of several Memorandums of Understanding (MoUs) between Iraqi public and private sector entities and British companies and institutions. The event was attended by senior Iraqi officials, including Deputy Prime Ministers, the Minister of Foreign Affairs, and the Minister of Oil. Key agreements included: A Memorandum […]
By John Lee. During his official visit to London, Prime Minister Mohammed S. Al-Sudani met with Wael Sawan, CEO of Shell, to explore opportunities for expanding cooperation between Iraq and the energy giant. The discussions emphasized Iraq's focus on advancing its oil, gas, and petrochemical sectors, aligned with the government's recent announcement of new investment […]
By John Lee. A memorandum of understanding (MoU) was signed in London to explore the comprehensive redevelopment of four oil fields in Kirkuk. The agreement was formalised by Amer Khalil Ahmed, Director General of the North Oil Company (NOC), and Zaid Al-Yasiri, BP's Iraq Branch Manager, in the presence of Deputy Prime Minister and Minister […]
By John Lee. Prime Ministers Keir Starmer and Mohammed S. Al-Sudani have unveiled an ambitious £12.3 billion [$15 billion] UK-Iraq trade and investment package aimed at enhancing prosperity and bilateral economic ties. The agreement represents over a tenfold increase in trade compared to last year and underscores both nations' commitment to strategic collaboration across key […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Stellar Energy's Executive Chairman, Peter Gibson, during his official visit to London to discuss the company's ongoing and future projects in Iraq. The talks focused on Florida-based Stellar Energy's work with the Ministry of Electricity on combined-cycle power plants and gas supply mechanisms, as well […]
By John Lee. During his official visit to London, Iraqi Prime Minister Mohammed S. Al-Sudani met with Fakhri Dhaidan, Vice President of French engineering company Technip Energies, to discuss the company's ongoing and future operations in Iraq. The meeting focused on Technip Energies' consultancy work for the Karbala and Basra refineries and its role in […]
By John Lee. In a statement from the Ministry, Iraq's Minister of Oil, Hayan Abdul Ghani, noted ongoing negotiations with BP to finalise technical, economic, and contractual aspects of the Kirkuk oilfield development. Senior officials from the Ministry, the North Oil Company (NOC), and BP, including the head of BP Iraq, participated in the talks. […]
By John Lee. On Friday, TotalEnergies (45%, operator) and its partners Basra Oil Company (BOC) (30%) and QatarEnergy (25%) launched today the construction works of ArtawiGas25, a first processing facility for the associated gas from the Ratawi [Artawi] field, in the Basra region. This facility, which is part of the Gas Growth Integrated Project (GGIP), […]
By John Lee. Minister of Oil, Hayan Abdul Ghani, reaffirmed Iraq's commitment to achieving gas self-sufficiency through enhanced gas capture from oil production, development of gas fields, and exploration zones. Speaking at the handover ceremony for the Subba [Sabah, Tuba] Oilfield project, he highlighted its role in boosting oil production and meeting energy demands. The […]
