Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
The last three years have been “exceptional” for the Kurdistan Region in terms of discoveries of both oil and gas, Dr Ashti Hawrami, the Minister of Natural Resources, told an audience of diplomats and international oil companies in Erbil today. Dr Hawrami said that as a result of drilling activities from 2008 to 2010, the […]
Reuters reports that ExxonMobil is expected to raise production at Iraq's West Qurna I oilfield by 10 percent over the agreed baseline this month or in early April. When asked when Exxon would hit its initial production target in West Qurna, Abdul-Mahdy al-Ameedi, head of the Oil Ministry's licensing and contracting office, told Reuters,"God willing, […]
A spokesman for Iraq's Oil Ministry has told AFP that production levels at the Baiji [Bayji, Beiji] oil refinery returned to normal on Friday, just six days after being damaged in terrorist bombing. If true, this contradicts earlier estimates that it would take several weeks to repair the unit. Assem Jihad said "the damaged unit […]
Oil and gas companies now have another source for qualified Iraqi oil and gas workers. Al Sabah for Employment Services (SES), an Iraqi-owned company, now has a full time office in Basra with representatives in Baghdad and Kurdistan, all supported by a team of international recruiters. SES is owned by Dr. Sabah Ali, a medical […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of hardware and equipment for Daura [Doura] refinery. Closing date for receipt of bids is 8th March: biocide, and corrosion and scale inhibitor (140 tons) 20,000 Kg platinum catalyst 1,000 tons methyl ethyl ketone (MEK) 20,000 Kg de-waxing aid Closing […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of hardware and equipment for Daura [Doura] refinery. Closing date for receipt of bids is 8th March: 2 truck trailers 50 km of single-core cable Closing date for receipt of bids is 15th March: Labeling machine and parts Water chiller […]
Iraq's Oil Pipelines Company has issued a tender for the supply of pipes. The deadline for the receipt of bids is 12 noon on 23rd March. Please click here to download details.
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: 8th March (3pm): Reciprocating compressor for refrigeration unit 23rd March […]
The Ministry of Oil’s State Company for Oil Projects (SCOP) has issued a tender for the supply of: Pipes for the Fao project. The closing date for receipt of bids is 12:00 noon on 6th April. A loading bridge at Al Mushahda Depot. The closing date for receipt of bids is 12:00 noon on 20th […]
Reuters reports that Iraq exported an average of 2.202 million barrels per day in February, up from 2.16 million bpd in January, and the highest level since the 2003 U.S.-led invasion. Falah Alamri, head of the State Oil Marketing Organisation (SOMO), said exports from the northern fields, which included crude from the country's Kurdish region, […]
The increase in world crude oil prices this year will add $8 billion [9.6 trillion Iraqi dinars] to the Iraqi budget, the Secretary-General of Iraq’s Council of Ministers said. Ali al-Allaq (pictured) told al-Sabah Newspaper in Baghdad on Tuesday that the increase would result in additional allocations to for the implementation of projects. He added […]
Iraq restored partial operation at its largest oil refinery on Monday after a two-day shutdown due to a bomb attack, Reuters reports. "We have restarted production operation at 50 percent of the original capacity on Monday," Abdul-Qader Saab, the refinery's deputy manager, said. The militants planted explosives at a kerosene and benzene production unit at […]
