Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Announcing a 60% increase in net income for 2010, Halliburton's chairman, president, and chief executive officer, Dave Lesar (pictured), commented on the company's Iraqi operations: “I am very pleased with our results on the international front. Key markets including Norway, West Africa, Iraq, and Algeria experienced increased activity ... We continue to win significant additional […]
Iraq plans to double refining capacity by 2020 to meet domestic demand and allow for exports, according to an article from Bloomberg. Iraq plans to increase its daily oil-processing capacity to 1.5 million barrels by the end of the decade from 750,000 barrels today, Iraqi Deputy Minister Ahmed al-Shamma told reporters in Tokyo on Tuesday. […]
There is a chance Iraq may hold one-on-one talks with a Japanese consortium led by JX Holdings to develop the giant Nassiriya oilfield, Iraq’s Deputy Oil Minister Ahmed al-Shamma said today, adding that a decision would depend on the policy of the new government in Baghdad. The comments came after the country's Deputy Prime Minister […]
Further to our report last week that oil exports from Iraqi Kurdistan will resume at the start of February, the Kurdistan Regional Government (KRG) has issued a statement confirming the agreement, and addressing the conflict with Baghdad over the budget. The full statement is shown below: Kurdistan Region Prime Minister Barham Salih (pictured) this week […]
WesternZagros Resources, the natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq, has updated its corporate presentation "to address the Company's significant prospective resources and its near term priorities". Highlights from the presentation were presented at the TD Newcrest 2011 Energy Conference in London, […]
Iraq's Ministry of Oil has issued a tender for the supply of a 'hi-ranger cable placer' at the Doura [Daura] refinery. The tender specifies that the unit must be made by either Volvo, Terex, or MAN, and must me made in Sweden, Germany, France or Italy. Please click here to download the tender document. The […]
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 […]
