Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Mitsubishi and Royal Dutch Shell (LSE: RDSA) are in talks with Iraq on a possible project to build a natural gas processing plant, with Mitsubishi planning a floating liquefied natural gas (LNG) plant to export some of the gas, according to the Wall Street Journal. The remaining natural gas will be used in the domestic […]
Dutch company Van Oord has been awarded the dredging contract for the Iraq crude oil export expansion project off the coast of Iraq in the Arabian Gulf [Persian Gulf]. The client is the South Oil Company of Iraq. Van Oord will be working for main contractor Leighton based in Australia. The contract value for Van […]
Iraq Business News is to be the Official Digital Media Sponsor for the Basra Oil & Gas Conference 2011. Publisher Antony Wakeham describes the conference as "undoubtedly the up and coming O&G event in Iraq. We are proud to have been chosen as Official Digital Media Sponsors for 2011". In one year Iraq Business News […]
Shares in Heritage Oil fell 17% this morning following their announcement of a major gas find in Kurdistan. [UPDATE: the shares ended the day down 29%] While the discovery is very significant, the market was hoping for oil rather than gas, leading to a share sell-off. The full text of the announcement follows: Heritage Oil […]
Iraq’s oil exports from Iraq's southern ports have jumped by 300,000 barrels per day (bpd) so far in January, according to shipping data reported by Reuters. Exports from the al-Basra Oil Terminal (ABOT) (pictured) and Khor Al Amaya averaged 1.8 million bpd from January 1 to January 24, up from 1.5m bpd in December. The […]
Syria and Iraq have reached a final agreement to build two oil pipelines and a gas pipeline between their two countries, and tender invitations will be issued soon, Syrian Oil Minister Sufian Alao [Suffian Alao] (pictured) was quoted as saying on Tuesday. Alao was quoted by Syrian newspaper Al-Thawra as saying an existing oil pipeline […]
Announcing a 60% increase in net income for 2010, Halliburton's chairman, president, and chief executive officer, Dave Lesar (pictured), commented on the company's Iraqi operations: “I am very pleased with our results on the international front. Key markets including Norway, West Africa, Iraq, and Algeria experienced increased activity ... We continue to win significant additional […]
Iraq plans to double refining capacity by 2020 to meet domestic demand and allow for exports, according to an article from Bloomberg. Iraq plans to increase its daily oil-processing capacity to 1.5 million barrels by the end of the decade from 750,000 barrels today, Iraqi Deputy Minister Ahmed al-Shamma told reporters in Tokyo on Tuesday. […]
There is a chance Iraq may hold one-on-one talks with a Japanese consortium led by JX Holdings to develop the giant Nassiriya oilfield, Iraq’s Deputy Oil Minister Ahmed al-Shamma said today, adding that a decision would depend on the policy of the new government in Baghdad. The comments came after the country's Deputy Prime Minister […]
Further to our report last week that oil exports from Iraqi Kurdistan will resume at the start of February, the Kurdistan Regional Government (KRG) has issued a statement confirming the agreement, and addressing the conflict with Baghdad over the budget. The full statement is shown below: Kurdistan Region Prime Minister Barham Salih (pictured) this week […]
WesternZagros Resources, the natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq, has updated its corporate presentation "to address the Company's significant prospective resources and its near term priorities". Highlights from the presentation were presented at the TD Newcrest 2011 Energy Conference in London, […]
Iraq's Ministry of Oil has issued a tender for the supply of a 'hi-ranger cable placer' at the Doura [Daura] refinery. The tender specifies that the unit must be made by either Volvo, Terex, or MAN, and must me made in Sweden, Germany, France or Italy. Please click here to download the tender document. The […]
