Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Shell and Mitsubishi are preparing to begin a delayed $12.5 billion natural-gas project in Iraq, according to a report from Bloomberg. Vice president and country chairman Hans Nijkamp said in an interview published on the website of Energy Exchange, organizer of an Iraqi energy conference to be held in Istanbul in September: “Shell and Mitsubishi […]
In July, Shell will start installing 15 production wells and pipelines in the Majnoon oilfield in southern Iraq, Vice president and country chairman Hans Nijkamp told the website of Energy Exchange. It will also upgrade two degassing stations and build “a new central processing facility to include two new 50,000 bbl/d capacity early production systems”. […]
Shell and Petronas have awarded Dubai-based Dodsal Group a $106m contract to lay a pipeline at the Majnoon oilfield, an Iraqi oil official said. Reuters reports that under the deal, Dodsal Group will build a 79-km (50-mile) pipeline to carry oil from the supergiant Majnoon oilfield to a crude storage depot near Zubair in southern […]
Lukoil is interested in seeking exploration licenses in Iraq, according to a report from Bloomberg. The company's Chief Executive Officer, Vagit Alekperov, met Iraq's Oil Minister, Abdul Kareem al-Luaibi [Elaibi], in Moscow on Wednesday. Alekperov and al-Luaibi also discussed the West Qurna-2 project, and development of infrastructure to ship oil from the field. (Source: Bloomberg)
Iraqi Prime Minister Nuri al-Maliki has ordered the army to increase its protection of the country’s pipelines and refineries. “Any breaches will cause problems at the Dora [Doura, Daura] and Baiji [Bayji] refineries (pictured) and the pipelines feeding the power stations,” Maliki said yesterday during a televised Cabinet meeting on the government’s performance during its […]
Shares in DNO were up as much as 7% during the day on Tuesday, before closing the day up 4.25% up on Monday's close, following the announcement of increased reserves at its Tawke oilfield: The Ministry of Natural Resources of the Kurdistan Regional Government (KRG) is conducting its first ever survey of regional oil and […]
Further to the announcement of 23 May 2011, Gulf Keystone has announced that currently the Company is in the commissioning phase of oil export operations from its Extended Well Test (EWT) facility close to Shaikan-1 and Shaikan-3. The commissioning phase, involving final preparations and customary checks and tests on all elements of the process, including […]
Announcement for Tender No 32F/2011 Gas Filling Company -one of the Ministry of Oil companies –has the pleasure to announce for the tender of supplying (Counter works on prepay for residential complex) as a part of operation budget of 2011. So manufacturer companies & their approved agents companies only who are interested in participating in the above mentioned […]
Midland Refineries Company announces the below tenders: -Electrical Motor. -Wheeled Excavator. -Lap equipment. -Air plant unit. -5 Ton Lorry Trake. -Wheeled material. -Lab Equipment. -Lab Equipment. -15 Ton Fork List. Closing Date for all the above tenders is 12/7/2011 at 13:00 pm. Please click on every tender's link to have further information.
North Gas Company announces a new quotation of spares for Ajeel Gas Field scrubber. Offers must be in sealed envelopes (technical & commercial offers) with indent number & closing date clearly mentioned on the envelopes, addressed to the attention of B.B.C (Broadly Bids Box) at North Gas Company , Po box: 16 , Kirkuk , […]
Shares in Sterling Energy (AIM: SEY) lost nearly a third of their value on Monday morning following an update on the company's operations in Iraqi Kurdistan. The British company has a 53.33% working interest in the Sangaw North block. A flow test has been completed across the open hole section of the Sangaw North-1 well […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices on Sunday for its Basra Light and Kirkuk crude grades for July. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); […]
