Archive | Iraq Oil & Gas News

Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.

New Tender for equipment inspection geometrical

Gas Filing Co. , one of the ministry of oil companies , has the pleasure to announce for the tender of supplying equipment inspection geometrical as a part of capitalism part of 2011. The bids shall be submitted to Gas Filling Co at 2 o'clock pm of 10/5/2011 Please click here to download more information

ShaMaran Starts Drilling at Pulkhana-9

ShaMaran Petroleum, the Canadian oil and gas company listed on the TSX Venture under the symbol "SNM", has announced that drilling of the Pulkhana-9 appraisal/development well in the Pulkhana oilfield commenced on April 3, 2011. The Company has contracted an alternative drilling rig (Sakson 101) to the originally agreed Sakson PR3 rig as there was […]

New Iraqi Oil Law Delayed

According to a report from Bloomberg, the chairman of the Iraqi parliament’s Oil and Energy Committee said in London on Tuesday that Iraq will be unable to pass its oil and revenue-sharing laws by this summer because of ongoing political disagreements. Passage of the law by June or July is “unfeasible,” Adnan Al-Janabi said at […]

New MRC Tenders

Midland Refineries Co announces new tenders for purchasing the materials as stated below: * 23 items of  Spare part for turbine type 353 T  Req. No : 1165/2011 * 5 items of Burner soot blower , condenser and ejectors  Req. No: 1202/2011 *12 items of Spare parts for extra action pump  Req. No: 1194/2011 *18 […]

Trump: US Should Stay in Iraq Taking Oil

Billionaire real estate tycoon and potential Republican presidential candidate, Donald Trump, has said that the United States should stay in Iraq in order to take Iraq's oil and cover the cost of the war, reports the Washington Post. "In the old days when you had wars, you win, right? You win. To the victor belonged […]

Turkey and Iraq to Cooperate on Pipelines

The Director General of BOTAS (Boru Hatlari ile Petrol Tasima AS), Turkey's state-owned Petroleum Pipeline Corporation, said on Sunday that "during recent talks in Iraq, the Iraqis asked for assistance to re-build a 40 inches petroleum pipeline that was destroyed. We told the Iraqis that we are ready to help them". Speaking in southern province […]

Iraq Oil Exports Down 2% on March

Iraq's crude oil exports fell 2% in March to 2.159 million barrels a day, from 2.202 million barrels a day in the previous month, due to several days of bad weather at the Southern terminals, and damage to part of the northern export pipeline from an act of sabotage, Dow Jones Newswires reports. A senior […]

Petrofac Awarded $240m Shell Contract in Iraq

Petrofac, the international oil & gas facilities service provider, has confirmed it has been awarded a contract in excess of US$240 million by Shell Iraq Petroleum Development B.V. for developments in the Majnoon Field, Southern Iraq. Under the competitively tendered contract, Petrofac is providing engineering, procurement, fabrication and construction management services for the development of […]

EIC Trade Mission to Iraq in October

Britain's Energy Industries Council (EIC) is organising an oil and gas trade mission to Baghdad and Basra in Iraq in October. Missioners will have the opportunity to attend organised group meetings with key local players, as well as incorporating briefing meetings presented by qualified speakers with in-market experience and the opportunity to meet with local […]

Iraq's Visa Madness

Visa problems for foreign workers in Iraq continue to make the headlines. Last week we reported on the difficulties caused by a decision to channel visa applications through the office of the Prime Minister, Nouri al-Maliki; now we hear that the Basra Investment Commission has imposed its own restrictions, with the intention of reducing unemployment. […]

Swiss Company Reveals Oil Storage Plans in Basra

Dome International has met the chairman of Basra Investment Commission (BIC) to discuss the possibility of constructing warehouses for oil derivatives in Basra. The director of the company, Amen Jaffer, said, "the preliminary study of the project includes the construction of oil warehouses near Khor Al-Zubair port on an area of 40 acres with an […]