Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Iraq's Ministry of Oil has issued a tender for the supply of 2 rough-terrain telehandlers for Daura refinery. Please click here to download the tender document. The closing date for receipt of bids is 13:00 (Baghdad time) on 15th February.
Iraq's Ministry of Oil has issued a tender for the supply of a wide range of electrical equipment to the Doura [Daura] refinery: Please click here to download the tender document. The closing date for receipt of bids is 13:00 (Baghdad time) on 15th February.
Iraq's Ministry of Oil has issued tenders for the supply of chemicals for the Doura [Daura] refinery: 2,000 Kg of anti-foam agent. Please click here to download the tender document. 3,000 Kg of oleine. Please click here to download the tender document. The closing date for receipt of bids for both items is 13:00 (Baghdad […]
Iran has signed a preliminary agreement to build a natural-gas pipeline to export the fuel to Syria through Iraq, the Syrian Arab National Agency has reported. The accord, signed on Thursday during Iranian Oil Minister Masoud Mir-Kazemi's visit to Syria, also provided for further cooperation in the construction of an oil refinery in Syria with […]
The Iraqi oil ministry has agreed with its Kurdish counterpart to pay exploration costs and expenses to the foreign firms working in the Kurdistan Region of Iraq, according to a report from Reuters. Spokesman Asim Jihad told the agency that the State Oil Marketing Organisation (SOMO) will be responsible for payments to the companies, which […]
According to a report from AKnews, the Media director of the Iraqi ports announced on Wednesday that Maaqel [Maaqal] port in Basra has established all the facilities required to receive the first shipment of oil equipment for Shell's Majnoon oil field in north of the province. Anmar al-Safi told the agency that Iraq's Transport Ministry […]
Business Monitor International (BMI) has published a new report on the oil industry in Iraq. Summary: BMI forecasts that Iraq will account for 10.27% of Middle East (ME) regional oil demand by 2015, while providing 11.56% of supply. Middle East regional oil use of 4.98mn b/d in 2001 will rise to an estimated7.40mn barrels per […]
A Fox News talk show host has called for the US to take Iraq's and Kuwait's oil to "make them pay for their liberation". Sean Hannity (pictured), who was discussing high oil prices with his “Great American Panel”, expressed outrage at the proposed increases in the price of oil and suggested that Kuwait and Iraq […]
Reuters reports that Iraq's semi-autonomous Kurdish region of Iraq has agreed with Baghdad to resume oil exports from the start of February, the Kurdish prime minister Barham Salih (pictured) said, taking the two sides closer to resolving bitter disputes over oil and land. Around 40 companies, such as Norway's DNO, have invested in Kurdistan, but […]
Citing a report from Reueters, we reported at the weekend that Iraq's state-owned Iraqi Drilling Company was planning to dig 76 wells in 2011. But according to Aswat al-Iraq, the company dug 189 oil wells in 2010 and is planning to dig and rehabilitate another 140 other oil wells in 2011. "Our Company had dug […]
WesternZagros Resources has announced that Sproule International has completed an independent audit of the Company's resource assessment of: the Tertiary Eocene and Cretaceous reservoir intervals of Kurdamir-1; the Jeribe reservoir at Sarqala-1; and the Upper Fars reservoir at Mil Qasim in the Kalar-Bawanoor Block ("Block K44"). This audit, together with the previous audit results of […]
By Stan Harbison, Vice President of Research and Analysis at energy consultants EPRINC. In the past week, the ministry announced that two fields won at Iraq’s 2009 oil auctions had achieved their first significant benchmark. Production at Rumaila and Zubair each met the 10% production increase which allows them to begin to earn their per […]
