Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Syria's Minister for Petroleum, Sufian Allao [Aloa] (pictured), and visiting Iraqi Minister for Oil, Abdul Kareem Luaibi [Elaibi], met on Sunday to discuss ways of further bolstering bilateral cooperation in oil, gas and mineral resources. They also discussed a possible 'reoperation' of a Syrian-Iraqi oil pipeline once it is rehabilitated, and closer cooperation between both […]
Gulf Keystone Petroleum (LSE: GKP) has announced an update on its Shaikan-3 Shallow Appraisal Well. Following completion as a Sargelu/Alan formation producer and as a result of an acid treatment, Shaikan-3 has achieved a rate of 9,800 bopd. The stabilized flow rate was recorded on a 128/64th inch choke with a flowing tubing pressure of […]
Potential energy routes and energy security were discussed in a syposium in Brussels, according to a report from AKnews. The participants highlighted what it calls "the Turkish attempts to monopolize energy supply to the EU", as well as the significance of Kurdish energy for the West. The event was organised by the Friedrich Naumann Foundation […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for March. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]
Reuters reports that the state-run Japan Oil, Gas and Metals National Corp (JOGMEC) said on Thursday it expects to provide about 16.3 billion yen ($198 million) of capital in 2011-2012 to Iraq's Gharaf [Gharraf, Garraf] oilfield development project. In return, JOGMEC said it would take a stake of less than 50 percent in Japan Petroleum […]
Iraq's government submitted a revised draft budget to MPs for approval on Sunday, raising projected public spending as oil prices have increased, government spokesman Ali al-Dabbagh said. The new spending programme estimates overall expenditure at $81.86 billion, or 96.6 trillion Iraqi dinars, while income will be $68.56 billion, leaving a shortfall of $13.3 billion-- about […]
Asim Jihad, a spokesman for the Iraqi Oil Ministry, said the Iraqi government has demanded Jordan pay back a credit of $114m for purchasing Iraqi crude oil during 2003-6, adding Jordan has demanded to increase Iraqi crude oil import to 30,000 barrels per day (bpd). According to the report from AKnews, during the period from […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range 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: 16th February (3pm): spares for demineralization […]
The Ministry of Oil’s Training and Development Directorate has re-issued a tender for the supply and installation of a DocuWare document archiving system. Please click here to download the tender document. The revised closing date for receipt of bids is 12:00 noon on 13th March.
The Ministry of Oil's State Company for Oil Projects has issued a tender for a "supply and design control system (PLC)" for the Samawa depot. Please click here to download the tender document. The closing date for receipt of bids is 12:00 noon on 24th February.
The Ministry of Oil’s State Company for Oil Projects has issued a tender for the design, supply, and installation of a water intake and treatment system at its Aumara depot. Please click here to download the tender document. The closing date for receipt of bids is 12:00 noon on 23rd March.
According to a report from Reuters, Iraqi Prime Minister Nouri al-Maliki was misquoted as saying the central government in Baghdad would honour Kurdish production sharing oil contracts, The agency quotes Deputy Prime Minister with responsibility for Energy, Hussain al-Shahristani, as saying: "All the contracts we (the central government) have signed were service contracts and we […]
