The Oil Projects Company (SCOP) of Iraq's Ministry of Oil announces a tender for the supply and installation of a microwave link between Al-Najaf Depot and their communication center in Al-Najaf city. Tenders documents may be collected (by an authorized representative of the tenderer) at SCOP's headquarter in Baghdad against the payment, non-refundable, of 40.000 […]
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.
KRG High Representative to UK Talks to Iraq Business News
Iraq Business News recently had the pleasure of interviewing the Kurdistan Regional Government's High Representative to the United Kingdom, Ms Bayan Sami Abdul Rahman. Iraq Business News: Ms Abdul Rahman, thank you for taking the time to speak with us today. May I ask you firstly for your opinion about the ongoing protests in the […]
Tags: Bayan Sami Abdul Rahman, KRG
Legacy of Destruction
By Leanne Case. Years of war and suffering in Iraq have left a legacy of destruction which includes ancient monuments and broken cities. During my time there I pestered those that I knew to share both their stories and images of what once was. One doesn’t have to go far to discover a land of […]
Tags: Leanne Case
WesternZagros Begins Drilling Sarqala-1 Sidetrack
WesternZagros Resources has begun drilling the planned sidetrack in the Sarqala-1 well in the Kurdistan Region of Iraq. The Company intends to drill a 100 metre sidetrack from the cased wellbore to test the Jeribe reservoir. Results from the drilling and testing program are anticipated in mid April, 2011. The Company originally drilled Sarqala-1 in […]
German Ambassador Announces Basra Investment Conference
Germany's Ambassador to Iraq, Karl George Christian, announced an investment conference in Basra to be held in mid-April, and said that German companies are keen to establish a presence in the southern Iraqi province in the fields of construction, oil and manufacturing. At the head of Basra provincial council, Jabbar Amin Jaber, told AKnews that […]
Tags: Basra News, germany
KBR Receives LogCAP III Award Fee
KBR announced on Monday that it received a $15.5 million award fee related to its LogCAP III work in Iraq for the six month period of performance beginning March 2010 and ending in August 2010. On March 21, 2011, KBR received its LogCAP III award fee determination letter confirming the award fee from the United […]
Tags: KBR
Companies Bid for South Iraq Oil Field
American, Japanese and Chinese companies have submitted bids to develop the al-Qatiaa oil field west of the southern Iraqi city of Nassiriya, according to a report from Bloomberg. The Oil Ministry is studying the offers from the three companies, Hussein Aziz, head of the municipality of al-Shatra in Nassiriya province, told reporters. He did not […]
ExxonMobil Hits Target at West Qurna
As predicted, ExxonMobil and its Iraqi partners have reached "a major milestone" for oil production at the West Qurna oil field in southern Iraq, according to a report from UPI. ExxonMobil announced field production at West Qurna-1 rose from 244,000 barrels of oil per day to 285,000 bpd under the terms of its technical services […]
Iraq Negotiating $500m New Pipelines
Iraq's state-run South Oil Company is holding talks with international oil companies to build three pipelines worth up to $500 million [600 billion Iraqi dinars], according to a report from Dow Jones Newswires. SOC's director-general said on Monday that the intention was to link key oil fields to the export system in southern Iraq. "We […]
Sterling Energy Annual Results
Sterling Energy, the upstream oil and gas company listed with operations in Iraqi Kurdistan, has announced its annual results for 2010. 2010 SUMMARY Sangaw North-1 exploration well testing the potential of the Sangaw North block. Received $15.6 million of net cash flow from Chinguetti field operations during 2010 (2009: $13.3 million). Cash resources as at […]
Eni Interested in Investing in Nassiriyah Oilfield
Italy’s energy giant Eni is still interested in investing in the Nassiriya oilfield, Italy's ambassador to Iraq has said. Ambassador Gerardo Caranti was visiting Iraq to evaluate the progress of several projects and to study future suggestions. "We have several projects in Iraq at a cost of more than $2 billion," he told Aswat al-Iraq […]
Iraq's Ambitious Plan to Boost Oil Output
The Iraqi oil minister said his office is planning to raise oil production volume to 6.5 million barrels per day (bpd) over the next four years. Abdul-Kareem Lueibi [Luaibi, Elaibi] told a press conference that the ministry expects to raise the volume to 2.75m bpd in 2011, 3.3m in 2012, 4.5m in 2013, and 6.5 […]
Tags: Iraq Oil Production News