Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Oil production in Missan [Maysan] will reach 170,000 barrels per day by the end of 2011, compared to 2010’s production of 100,000 bpd, according to a director of the Missan Oil Company on Sunday. “The 70,000 barrels increase will come from the development of the Halfaya oil field and the drilling of new wells,” Ali […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Iraq's Prime Minister, Nouri al-Maliki, has said in an interview with news agency AFP that Iraq will honour production-sharing contracts that the Kurdish regional authorities have signed with foreign companies. Shares in Norway's DNO, which has production in the region, rose 7% on the news. The report was not confirmed by the Oil Ministry and […]
DNO has reported oil flow at its Bastora-1 site in Iraqi Kurdistan. Drilling of exploration well Bastora-1 in the Erbil license commenced on 7 September. The well has been drilled to total depth of 3,600 meters. As previously reported hydrocarbons were observed while drilling through several of the prospective intervals. Two tests were undertaken in […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of chemicals and materials for Daura refinery. Closing date for receipt of bids is 15th February. Please click on the following links to download the tender documents: REHABILITATION OF ROTOR FOR 'TERRY TURBINE' WIRE WINDING MACHINE TANK CALIBRATION
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of chemicals and materials for Daura refinery. Please click on the following links to download the tender documents. The items, in the order of closing date for receipt of bids: 15th February: 2,000 Kg anti-foam agent 12 tons NALCO N-5166 […]
Iraq’s Ministry of Oil has issued a tender for the supply of spare parts for Daura refinery. Please click on the following links to download the tender documents. The items, in the order of closing date for receipt of bids: 27th February: SPARES FOR PUMP P.701 AB SPARES FOR PUMP P.405 C/D FIRE FIGHTING PROTECTIVE […]
Gulf Keystone has just put a new corporate video on its website. The film is very professional and gives an excellent overview of the company and its operations in Iraqi Kurdistan. Please click here to view the film.
With political and social upheaval, first in Tunisia and now in Egypt, the big question on many minds at the moment is to what extent the unrest will spread to other countries in the Arab world. But despite the undoubted poverty in Iraq, it is rarely mentioned as possible candidate for a popular uprising, and […]
According to a report from Reuters, oil explorer Gulf Keystone sees itself increasingly as a potential takeover target, but has not received any serious takeover approaches so far. "As the political situation between Iraq and Kurdistan gets more and more stable... you have to think that somewhere along the line there'll be some kind of […]
Iraq exported an average of 2.163 million barrels of oil per day in January, up from 1.951 million bpd in December, its highest level since the 2003 U.S.-led invasion, a top oil official said on Wednesday. Falah Alamri, head of the State Oil Marketing Organisation (SOMO), told Reuters on the sidelines of an energy conference […]
By Thomas W. Donovan, Managing Partner at Iraq Law Alliance, PLLC. Introduction On December 20 2010 a new unity government was announced, whereby former Prime Minister Nouri Al Maliki maintained his position and Iyad Allawi, who won the most seats in the March 2010 election, joined in a special power-sharing deal. Unsurprisingly, the upstream petroleum […]
