Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
The Iraqi Ministry of Electricity said on Tuesday it had signed a contract with Hyundai, of South Korea, for the construction of four new power generating stations at the al-Quds [al-Qudus] Gas Plant. Musaab Mudarris, the spokesman for the ministry, said the construction of the four new stations with a capacity of 125 megawatts (MW) […]
Iraqi oil output will double in the next decade, not quadruple as in initial government targets, but the country could still test Saudi Arabia's influence in OPEC, oil major Shell said on Monday. In its energy scenarios to 2050, published for the first time since 2008, Shell said Iraq was a key uncertainty in the […]
The Electricity Ministry says it needs $8 billion [9.6 trillion Iraqi dinars] this year to pay its debts and finance current and new projects. The sum amounts to nearly 10 percent of the country’s budget, reports Azzaman. “The sum is needed to pay the ministry’s debts and finance new projects to revive the power sector,” […]
Dow Jones reports that legal difficulties could delay the $12 billion joint venture deal with Shell and Mitsubishi capture and market natural gas from Iraq's southern oil fields, possibly for months. The deal is a joint venture with Shell holding 44% of the project, Mitsubishi 5%, and Iraqi state South Gas Co. the remaining 51%. […]
This work was written by Ahmed Mousa Jiyad, and it is reproduced here with his permission. It was originally published by Energy & Geopolitical Risk, Vol. 2, Nr.1, January 2011 (MEES publication. www.mees.com). Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies-CGES, London. He was formerly a senior […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of spares and equipment for the North Oil 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: 7th March: digital radio link and […]
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: 9th March (3pm): chemicals for water treatment 16th March (3pm): […]
The Ministry of Oil’s State Company for Oil Projects has issued a tender for the supply of pumps for the Samawa depot. Please click here to download the tender document. The closing date for receipt of bids is 12:00 noon on 22nd March.
Iraq’s Midland Refinery Company is again looking for bids for tank calibration at its Daura [Doura] refinery. The deadline for the receipt of bids is 13:00 on 15th March. Please click here to download details.
Iraq’s Midland Refineries Company is again looking for bids for the supply of a terminal automation system for its Daura [Doura] refinery. The deadline for the receipt of bids is 13:00 on 15th March. Please click here to download details.
Gazprom Neft has completed the tendering process for the front end engineering design (FEED) for the Badra oil field in Iraq, with the contract being awarded to French Technip, according to Penn Energy. The project preparation is expected to be completed by June 2011. The tender award decision has also been taken for the road […]
Iraqi residents are to receive their first 1,000 kilowatt-hours of electricity each month free of charge, the Ministry of Electricity said on Saturday, according to Reuters. The move follows protests over poor electricity supply and basic services. In the most recent demonstration, hundreds of people gathered in Baghdad on Friday to protest shoddy services and […]
