Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
A bomb attack in the northern province of Nineveh halted oil flow through the Iraq-Turkey pipeline, which carries a quarter of Iraq's crude exports, a spokesman for Iraq's oil ministry said on Wednesday. Reuters, quoting Oil Ministry spokesman Asim Jihad, reported that the attack occurred on Tuesday night, but oil flow is expected to resume […]
Local oil and gas workers in Iraq receive an average salary of nearly $22,000 per annum, the lowest in the sector worldwide. Their foreign counterparts working in Iraq receive $94,800, according to a report from recruitment group Hays Oil & Gas. Globally, oil and gas industry workers make an average of nearly $76,000 per year, […]
The Iraqi Ministry of Oil's Center for Research and Development has said that it needs 15 million dollars [18 billion Iraqi dinars] in order to develop its work and train its people, stressing that a number of important oil companies working in Iraq are reluctant to deal with the center as it currently stands. The […]
As revolution sweeps across the Middle East, Iraq is still reportedly attracting funds to into its listed companies. The Iraqi Stock Exchange (ISX), which began trading in 2004 with 15 stocks, has attracted $20 million in foreign capital in 2011 from regions like the United States, Europe, the Gulf and Egypt, according to a statement […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of hardware and equipment for Daura [Doura] refinery. Spares for river water pump - deadline 28th March Tools and materials - deadline 30th March Valves and fittings - deadline 10th April
By Ahmed Mousa Jiyad, Norway, 7th March 2011. Recent data on Rumaila production for the period 26 December 2010 to 27 February 2011 indicates that after achieving the 10% threshold over the baseline production, daily production dropped sharply to the extent that in few days, production levels were lower even than the baseline production. The […]
The last three years have been “exceptional” for the Kurdistan Region in terms of discoveries of both oil and gas, Dr Ashti Hawrami, the Minister of Natural Resources, told an audience of diplomats and international oil companies in Erbil today. Dr Hawrami said that as a result of drilling activities from 2008 to 2010, the […]
Reuters reports that ExxonMobil is expected to raise production at Iraq's West Qurna I oilfield by 10 percent over the agreed baseline this month or in early April. When asked when Exxon would hit its initial production target in West Qurna, Abdul-Mahdy al-Ameedi, head of the Oil Ministry's licensing and contracting office, told Reuters,"God willing, […]
A spokesman for Iraq's Oil Ministry has told AFP that production levels at the Baiji [Bayji, Beiji] oil refinery returned to normal on Friday, just six days after being damaged in terrorist bombing. If true, this contradicts earlier estimates that it would take several weeks to repair the unit. Assem Jihad said "the damaged unit […]
Oil and gas companies now have another source for qualified Iraqi oil and gas workers. Al Sabah for Employment Services (SES), an Iraqi-owned company, now has a full time office in Basra with representatives in Baghdad and Kurdistan, all supported by a team of international recruiters. SES is owned by Dr. Sabah Ali, a medical […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of hardware and equipment for Daura [Doura] refinery. Closing date for receipt of bids is 8th March: biocide, and corrosion and scale inhibitor (140 tons) 20,000 Kg platinum catalyst 1,000 tons methyl ethyl ketone (MEK) 20,000 Kg de-waxing aid Closing […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of hardware and equipment for Daura [Doura] refinery. Closing date for receipt of bids is 8th March: 2 truck trailers 50 km of single-core cable Closing date for receipt of bids is 15th March: Labeling machine and parts Water chiller […]
