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.
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.
Daura Refinery Tender for Terminal Automation System
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.
Contracts Awarded at Badra Oilfield
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 […]
Protests in Iraq Lead to Electricity Subsidies
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 […]
Syria and Iraq Discuss Oil Pipeline
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 Updates on Shaikan-3
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 […]
Conference Highlights Significance of Kurdistan Oil for West
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 […]
Tags: Brussels, EU, Friedrich Naumann Foundation, Kurdistan News, Nabucco, RWE, Transatlantic Institute, Wolfgang Schüssel
New Iraq Oil Prices for March
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 […]
Japan's JOGMEC to invest in Gharraf Oilfield
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 […]
Tags: Garraf, Gharaf, Gharraf, Japan, Japan Oil Gas and Metals National Corp, Japan Petroleum Exploration, Japex, JOGMEC, Petronas
Iraqi Cabinet Ramps Up Spending as Oil Prices Rise
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 […]
Iraq Demands $114m Refund of Jordanian Oil Credit
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 […]
Tags: Iraq Oil Exports News, Jordan
Northern Gas Company Tenders
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 […]
Tags: North Gas Company, tenders