Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
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); […]
Jordan's official news agency, Petra, reports that drilling will start at the Risha natural-gas deposit straddling the country’s border with Iraq by the end of the year. Citing Energy Minister Khalid Touqan, the agency says work will start at the first of two wells to be initially drilled at a depth of between 3 kilometers […]
Norwegian investor Berge Gerdt Larsen was booted out as chairman of DNO International on Thursday, in a boardroom coup led by majority shareholder RAK Petroleum. RAK chief executive, Bijan Mossavar-Rahmani (pictured), was voted in as new chairman at the Norwegian independent’s annual general meeting in Oslo, after the Middle East shareholder disclosed its plan to […]
Iraq is open for business, and American companies should make an effort to invest there, Secretary of State Hillary Clinton (pictured) has said, according to a report from CNN. The Secretary was addressing the Business Forum Promoting Commercial Opportunities in Iraq, which included executives from companies as far-ranging as Occidental Petroleum, JP Morgan Chase, General […]
The Chairman of Southern Iraq’s Missan Energy Committee has said on Thursday that the Province’s Council had decided to sack the Director-General of Missan Oil Company from his post. According to the report from Aswat al-Iraq, he has been accused of poor administration and failing to achieve higher oil production results during his assignment. “Missan […]
The China National Petroleum Corporation (CNPC) and its partners in the southern Halfaya oilfield have awarded a $174 million contract to the China Petroleum and Engineering Corp. (CPECC) to build three crude processors, an Iraqi oil official told Reuters on Sunday. Ali Maarij, head of Iraq's state-run Missan Oil Company said the new plants will […]
The chief executive of BP, a major foreign player in Iraq's oil industry, said the country's output is likely to be only half the government's official target at the end of this decade, due to infrastructure problems, according to Reuters. "Five to six million barrels per day is maybe a more realistic level," Bob Dudley […]
