Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Iraqi Deputy Prime Minister Hussain al-Shahristani talks about the outlook for the country's oil production and the Organization of Petroleum Exporting Countries' (OPEC) quotas. He speaks with Bloomberg's Lara Setrakian. (Source: Bloomberg)
Iraq’s oil production has risen to 2.63 million barrels a day, up by 15 percent from the same period last year, according to Bloomberg. Crude exports averaged 2.18 million barrels a day in the first five months of 2011 and are expected to increase in the second half of the year, Hussain al-Shahristani, deputy prime […]
Iraq will cut its 'overambitious' oil targets, the oil minister, Abdul-Kareem Luaibi [Elaibi] said on Tuesday. AKnews reports that the country had planned to up output to 12 million barrels per day (bpd) by 2017, but now aims for 8 million bpd within 13 or 14 years. Independent experts had challenged the ability of Iraq’s […]
The Oil Projects Company SCOP announces two new supply tenders: - Supply Instrumentation (MOV S , Pressure gauge , cables & junction boxes) for second srtategic pipe line from KP441 TO K3 pumping station. Tenders documents may be collected (by an authorized representative of the tender) at SCOP's headquarter in Baghdad against the payment of […]
WesternZagros Resources has announced that it has successfully completed the initial testing of the oil discovery made in the Jeribe Formation of the Sarqala-1 well. The Company tested the well at rates up to 9,444 barrels per day of 40 degrees API oil. This rate was reached after flowing and stabilizing the well at progressively […]
By Thomas W. Donovan, Managing Partner at Iraq Law Alliance, PLLC. Introduction Several recent events have prompted a return to the lingering debate over the legality of the production sharing contracts entered into by and between the semi-autonomous Kurdistan Regional Government (KRG) and around 35 private international companies over the past few years. The KRG, […]
Midland Refineries announces the below tenders: -Complete Centrifugal Pump W/Turbine and Base Plate - Lap Master For Lapping Machine For Mechanical SCAL - Lab Equipment - Amphibious Machines - High Reach Rough Terrain Rotating Telehandler -Lab Equipment -Desludging Tank -Bulldozer -Self Propelled Articulating & Telescopic Booms (z-type) -Self Propelled Scissor Lifts Closing Date: 5/7/2011
Midland Refinery Company announces new tenders: - Spare For Steam De Super Heater - Spare Parts For Burner of F-101,201,301,302,501 & 601 - Spare Parts for Burners of Power Former no 2 - Spare for Pumps The Company must submit a covenant enclosed with the technical offer that they have submitted otherwise the offer should be […]
Midland Refineries Co announces the following tenders: - Spare Part For Pump -Spares for Centrifugal Compressor - Spare Part - Spare Part - Spare Part for Centrifugal Air Fan Item K-11 New Boiler - Spare Part for Hitachi Pump Type : GM-CH S/NI-766610171-354 - Spare Part For Pump , Type :3 HNN-122 & 153 Please […]
Norwegian oil producer DNO issued a report today (Monday) on the status on its activities in Kurdistan Region of Iraq. Summail-1 exploration well update The Summail-1 exploration well was spudded on 19 April 2011. The well has now been drilled ca. 25 meters into the Cretaceous interval and hydrocarbon shows were detected while drilling. An […]
This work was written by Ahmed Mousa Jiyad, and it is reproduced here with his permission. It was originally published by MEES v54:n23, Monday 6 June 2011. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies-CGES, London. He was formerly a senior economist with the Iraq National Oil […]
Jordan's Prime Minister, Marouf Bakhit, said that Iraq has agreed to increase the volume of daily oil supply to Jordan from 10,000 barrels to 15,000 barrels, with plans to increase the quantity to 30,000 barrels a day eventually. The two countries have agreed in principle to a planned crude oil pipeline stretching between the neighboring […]
