Iraq's Oil Pipelines Company has issued a tender for the supply of pipes. The deadline for the receipt of bids is 12 noon on 23rd March. Please click here to download details.
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.
North Gas Company Tenders
Iraq’s Ministry of Oil has issued a tender for the supply of spares and chemicals for the North Gas Company in Kirkuk. Please click on the following links to download the tender documents. The items, in the order of closing date for receipt of bids: 8th March (3pm): Reciprocating compressor for refrigeration unit 23rd March […]
Tags: North Gas Company, tenders
Latest Iraq SCOP Tenders
The Ministry of Oil’s State Company for Oil Projects (SCOP) has issued a tender for the supply of: Pipes for the Fao project. The closing date for receipt of bids is 12:00 noon on 6th April. A loading bridge at Al Mushahda Depot. The closing date for receipt of bids is 12:00 noon on 20th […]
Iraq Oil Exports Up Again in Feb
Reuters reports that Iraq exported an average of 2.202 million barrels per day in February, up from 2.16 million bpd in January, and the highest level since the 2003 U.S.-led invasion. Falah Alamri, head of the State Oil Marketing Organisation (SOMO), said exports from the northern fields, which included crude from the country's Kurdish region, […]
Iraq Budget - Additional $8bn to Play With
The increase in world crude oil prices this year will add $8 billion [9.6 trillion Iraqi dinars] to the Iraqi budget, the Secretary-General of Iraq’s Council of Ministers said. Ali al-Allaq (pictured) told al-Sabah Newspaper in Baghdad on Tuesday that the increase would result in additional allocations to for the implementation of projects. He added […]
Tags: Iraq Budget News, oil price
Baiji Refinery Partially Re-Started
Iraq restored partial operation at its largest oil refinery on Monday after a two-day shutdown due to a bomb attack, Reuters reports. "We have restarted production operation at 50 percent of the original capacity on Monday," Abdul-Qader Saab, the refinery's deputy manager, said. The militants planted explosives at a kerosene and benzene production unit at […]
Iraq Oil Exports Up Again in January
Revenue from Iraqi crude oil exports rose to $6.08 billion in January, the most in more than a year, the country’s State Oil Marketing Organization (SOMO) has reported. The average price for Iraqi oil was $90.78 a barrel, compared with $86.31 in December and $80.59 in November. Exports increased last month by about 10 percent […]
Tags: Iraq Oil Exports News
Turkish Company Considers Power Plant in Iraq
Turkey’s Tekfen Insaat, a construction company active in 12 countries, aims to build a power plant in Iraq together with a French company as Iraq’s risk profile improves, chief executive Umit Ozdemir said, according to the Kipp Report. The company is looking into projects in the southern part of Iraq, ha told a conference in […]
Terrorist Attack Shuts Baiji Refinery
Gunmen shot their way into Baiji [Bayji] refinery early on Saturday, killing five members of staff, according to the Washington Post. Guards killed two of the gunmen, but the rest escaped. The gang set off explosions that forced the facility to shut down for at least two weeks, officials said. Baiji, situated about 150 miles […]
Jail for British Sanction-Breaker (71)
Riad El-Taher has been jailed for 10 months for making illegal payments to the Iraqi Government of Saddam Hussein in contravention of United Nations sanctions and UK law Riad El-Taher, a British citizen aged 71 from Esher, Surrey, has admitted that in 2001 he made four illegal payments totalling over $500,000 to the Iraqi Government […]
Detailed New Briefing Paper on Iraq
The United Nations has prepared a comprehensive Briefing Book on Iraq, and presented it to Prime Minister Nouri al-Maliki. The book is comprised of two parts: The first part addresses key policy issues, including: macroeconomic challenges, development planning and prioritization, governance and public sector reform, anti-corruption, private sector development, social protection and the challenges of […]
Fluor Wins Contract at West Qurna I
Fluor Corporation has announced that ExxonMobil Iraq Limited has awarded the firm an early works program contract for the West Qurna (Phase I) field near Basra, Iraq. The engineering, procurement, construction and management contract is a reimbursable continuing services agreement for oil field and related infrastructure development with an expected duration of three years. Fluor […]