Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Iraq aims to have another round of oil and gas licensing auctions during the fourth quarter of 2011, an Iraqi oil official said from Baghdad. Iraq has had three rounds of oil and gas auctions since the U.S.-led invasion in 2003. Increasing production at some of the fields, however, could mean overcoming some major technological […]
Six of Cameron’s JISKOOT CoJetix sampling systems have been ordered for installation at the new Iraqi Al-Basra Oil Terminal (ABOT). The terminal, currently under construction in the Persian Gulf, will enable Iraq’s oil export capacity to be boosted by 2.7 million barrels per day. Due to the importance of this measurement location to Iraq, the […]
Crude production from oilfields in Iraqi Kurdistan has reached about 80,000 barrels per day, but only about 50,000 bpd are being exported, sources at Iraq's North Oil Company said on Friday. "We have between 45,000 and 50,000 barrels per day being pumped from the Tawke oilfield to the export pipeline, while crude from Taq Taq […]
The Iraqi Ministry of Electricity said on Tuesday it had signed a contract with Hyundai, of South Korea, for the construction of four new power generating stations at the al-Quds [al-Qudus] Gas Plant. Musaab Mudarris, the spokesman for the ministry, said the construction of the four new stations with a capacity of 125 megawatts (MW) […]
Iraqi oil output will double in the next decade, not quadruple as in initial government targets, but the country could still test Saudi Arabia's influence in OPEC, oil major Shell said on Monday. In its energy scenarios to 2050, published for the first time since 2008, Shell said Iraq was a key uncertainty in the […]
The Electricity Ministry says it needs $8 billion [9.6 trillion Iraqi dinars] this year to pay its debts and finance current and new projects. The sum amounts to nearly 10 percent of the country’s budget, reports Azzaman. “The sum is needed to pay the ministry’s debts and finance new projects to revive the power sector,” […]
Dow Jones reports that legal difficulties could delay the $12 billion joint venture deal with Shell and Mitsubishi capture and market natural gas from Iraq's southern oil fields, possibly for months. The deal is a joint venture with Shell holding 44% of the project, Mitsubishi 5%, and Iraqi state South Gas Co. the remaining 51%. […]
This work was written by Ahmed Mousa Jiyad, and it is reproduced here with his permission. It was originally published by Energy & Geopolitical Risk, Vol. 2, Nr.1, January 2011 (MEES publication. www.mees.com). Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies-CGES, London. He was formerly a senior […]
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of spares and equipment for the North Oil 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: 7th March: digital radio link and […]
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: 9th March (3pm): chemicals for water treatment 16th March (3pm): […]
The Ministry of Oil’s State Company for Oil Projects has issued a tender for the supply of pumps for the Samawa depot. Please click here to download the tender document. The closing date for receipt of bids is 12:00 noon on 22nd March.
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.
