Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
The Province of Nineveh [Ninawa], of which Mosul is the capital, will soon turn into a major oil producing region in Iraq, with output estimated at 200,000 barrels a day, an Iraqi oil official said. According to the report from Azzaman, the official, who refused to be named, said the crude will mainly flow from […]
Iraq plans to almost triple power generation capacity to 17,000 MW by 2013, mostly through building new plants, Masaab Serri, an Electricity Ministry spokesman, told Bloomberg. Iraq plans to invite bids later this year for the construction of three power plants to boost output by 1,500 megawatts, he said on Tuesday. One plant is to […]
Shares in Gulf Keystone (LSE: GKP)jumped 5.5% in London on Wednesday after the company announced the completion of drilling and testing operations on its Shaikan-3 shallow appraisal well. This well was designed to drill and test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well. The Company has a 75 percent working […]
Due to US sanctions, Iraq has been unable to pay Iran millions of dollars owed for electricity, an Iraqi official said, potentially damaging its efforts to supply enough power to a population suffering chronic shortages. According to the report from Reuters, Adel Mahdi, an adviser to the electricity ministry, said on Wednesday that Iraq imports […]
Royal Dutch Shell may build its own dock in Iraq's Shatt al-Arab waterway to speed up delivery of heavy equipment to its supergiant Majnoon oilfield, according to a report from Reuters. The head of the General Company of Iraqi Ports, Salah Kudhair, told the agency that it had given initial approval to a proposal from […]
Iraqi State Minister, Ali al-Dabbagh, said Iraq agreed to build pipelines across its shared border with Jordan to increase supplies of oil to its western neighbour, according to a report from Bloomberg. The countries also agreed to discuss development of the Risha natural-gas field along their common border, the minister told a news conference in […]
Iraq is considering holding a fourth bidding round for international energy firms interested in gas exploration contracts, government officials said on Sunday. Iraq will initially offer 12 exploration blocs, Oil Minister Abdul Kareem Luaibi [Elaibi] told reporters. According to both Reuters and Associated Press, the minister did not give further details, but Abdul-Mahdy al-Ameedi, head […]
The Governor of the Kuwaiti Capital, Sheikh Ali Al-Jaber, visited soutwestern Iraq’s holy city of Karbala on Sunday to discuss the implementation of several investment projects in the Province, its Governor, Amaluddin al-Hir, said on Sunday. “We have conferred with a Kuwaiti Delegation, who visited Karbala, under leadership of the Kuwaiti Capital’s Governor, Sheikh Ali […]
The Iraqi Oil Ministry denied that the fire that broke out in one of the floors of the oil ministry building last Thursday, caused the destruction of documents related to oil contracts, according to a report from AKnews. Initial investigations indicate that the cause of the fire was an electrical defect. The Oil Minister, Abdul-Karim […]
Iraq's North Oil Company has issued tenders for the supply of: 1) uninterruptible power supplies (UPS). Please click here and here to downoad details. 2) spare parts for wellheads. Please click here to downoad details. The closing dates for both opportunities is 6th February.
The Arab Well Logging Company (AWLCO), a subsidiary of Arab Petroleum Services Company, has extended its deadline for bids to supply truck and logging tools until 15th February. Please click here to download details.
Iraq's Ministry for Oil has announced some new tenders. 1) On behalf of the North Gas Company, the ministry is advertising for the supply of refractory material cement for sulphur recovery units. Please click here to download details. 2) On behalf of the Midlands Refinery Company (Doura refinery), the ministry is looking for fuel consumption […]
