Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
AFP reported on Tuesday that Iraqi forces took charge of security at Basra's oil export terminals at the southern port of Basra from US troops. Nearly 80 percent of Iraqi oil is exported through the south. "Today, we took charge of the oil terminals at Basra from the Americans," an Iraqi navy official said, speaking […]
The Iraqi Ministry of Oil signed a Memorandum of Understanding (MoU) in principle with a group of Italian investors to build a refinery in Karbala, the oil undersecretary for refineries affairs said on Tuesday. Ahmed al-Shamma said in a statement that the signature was made to enable the consortium complete its procedures for the project, […]
Ahmed Mousa Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES). He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN. He is […]
Gulf Keystone has announced that Excalibur Ventures LLC confirmed in the English Commercial Court in London today that it no longer intends to pursue the International Chamber of Commerce Arbitration in New York (the "ICC Arbitration") against Gulf Keystone and two of its subsidiaries. Excalibur also confirmed today that it is content that all its […]
The Iranian Shana news agency reports that senior oil officials from Iran, Iraq and Syria have signed a trilateral deal on gas trade in Iran on Monday. The deal, reportedly worth 10 billion dollars [12 trillion Iraqi dinars] involves the construction of a 5,000-kilometer (3,100-mile) pipeline to transfer Iran’s gas from the South Pars gas […]
This article was written by Hazim al-Sharaa, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The ministry of labour has drawn criticism […]
Schlumberger's incoming CEO, Paal Kibsgaard, has big plans for the company's business in Iraq. The 43-year-old Norwegian, who will take over as chief executive on 1st August, is currently Chief Operating Officer of the company, having begun his career with ExxonMobil in 1992. He will succeed Andrew Gould, who again reiterated that Iraq is a […]
The governor of Iraq's Wasit [Wassit] province, Mahdy al-Zubaidy, has announced that production at the al-Ahdab oilfield has reached 60,000 barrels per day (bpd). According to a report from Bloomberg, he went on to say that the field’s output capacity will increase to 120,000 bpd by the end of the year, while Oil Minister Abdul […]
By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. This article was originally published on the Emerging Economics blog. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. We have been working with a substantial international company in Iraq […]
On July 21, U.S. Consul General Piper Campbell, on behalf of the U.S. Trade and Development Agency, signed an agreement with the Director General of the South Refineries Company, Mr. Abdul Hussein Nasir Qasim, which grants $502,798 to the SRC to conduct a feasibility study for the rehabilitation of its Basrah refinery. This rehabilitation will […]
Sterling Energy (LSE: SEY) has just issued its half-year results, and its shares were trading up 4% on Friday morning. The results statement included the following information regarding its operations in Iraqi Kurdistan: Prospects and Outlook In the Sangaw North block, onshore Kurdistan, an integrated interpretation of the 2D seismic and the data acquired during […]
AKnews reports that Iraq’s Oil Ministry has announced that it has recruited 1,114 new employees for the state oil companies under its jurisdiction. The successful applicants for the public sector posts are holders of specialized diplomas and degrees in the oil sector from relevant institutions. Iraq plans to increase its oil production from around 2.5 […]
