Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
AFP reports that Iraq's southern province of Basra chose a new governor on Tuesday, replacing a predecessor who quit in February amid protests against official incompetence. Khalaf Abdel Samad, with 19 votes from provincial councillors, was elected governor, and Jabar Jabar Amin, who won 14, was reappointed chairman of the provincial council. Both belong to […]
The Chairman of the Committee for future projects in the governorate of Karbala, Hani Abboud, said in a statement to the press section of the National Media Center that the project to build an oil storage facility in Karbala [Kerbala] will be completed by March 2012. He said the project is being built on a […]
The Armenian ambassador, Murad Muradian, visited the Basra Investment Commission (BIC) and discussed investment in Basra. He said that," we are willing to invest in Basra for it represents Iraq's most important city and its only port as well as its stable security and economical situation". He also revealed a plan to provide Iraq with […]
Following its announcement of a major oil find in Iraqi Kurdistan last week, ShaMaran Petroleum's Chairman, Keith Hill has given an interview to the Canadian Business News Network (BNN). Please click here to see the full interview.
The British Consul General in Basra, Richard Wood, visited Basra Investment Commission (BIC) on Tuesday and discussed how best to facilitate British investors entering the province. They also discussed some economic and investment issues, especially those related to the main obstacles facing investors. According to the BIC, Wood expressed his appreciation of the role of […]
WesternZagros Resources announced this morning that it is preparing to start the planned testing program at the Sarqala-1 well after a successful and incident-free completion of the sidetrack drilling and wireline logging. The sidetrack was drilled through the targeted path in the Jeribe Formation to a total depth of 3,893 metres. Drilling shows and log […]
Shares in Heritage Oil Plc (LSE: HOIL) fell 4% this morning following the announcement of its results for the twelve months ended 31 December 2010. All figures are in US dollars unless otherwise stated. 2010 Operational Highlights · Discovered the largest gas field in Iraq in the last 30 years · Highly productive Jurassic reservoir […]
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, has provided an update on the work programme and development options for the Miran Block in the Kurdistan Region of Iraq ("Kurdistan"). Highlights · Rig secured to commence a multi-well exploration and appraisal drilling campaign on the Miran Block · Miran West-3 well […]
Kuwait Airways will seek compensation from Iraq for having allegedly stolen its aviation equipment and 10 aircrafts worth $1.2 billion during the first Gulf war, according to a report from Al-Arabiya. A lawyer from the Airline is quoted as telling Iraq Oil Report that the company will seek to enforce a 2006 English Supreme Court […]
Six companies, including the world’s biggest power-grid supplier, ABB Ltd, have been selected to bid to develop a power plant in western Iraq, according to a report from Bloomberg. Lanco Infratech Ltd. (LANCI) of India, Techint Group of Italy, Hyundai Engineering & Construction Co. from Korea, as well as Turkish and Iraqi companies were preselected […]
CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that wholly-owned subsidiary Rotary Drilling Company commenced with the provision of drilling services for Kalegran Limited, a wholly-owned subsidiary of MOL Hungarian Oil and Gas Company. Drilling services are being provided with Rotary 2000 HP drilling rig Rotary 67 (pictured). The Bekhme 1 […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for March. 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); Shipments to […]
