Interview with the Chairman of the Advisory Committee to the Prime Minister, and Former Oil Minister, His Excellency Thamir Al Ghadhban. Reproduced with permission from The Energy Exchange, whose Iraq Future Energy 2010 conference runs from 27-28 September 2010 at the Point Hotel Barbaros, Istanbul, Turkey. With over 35 years direct and hands on experience […]
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Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Tags: Conference, Thamir Al Ghadhban
Romgaz to Explore in Kurdistan?
Romanian natural gas producer Romgaz is interested in petroleum resources in the autonomous region of Kurdistan, in northern Iraq. But according to the report from Financiarul, the Romanian news agency, any investment will depend to a great extent on the “very delicate” political situation in this region, deputy general manager Francisc Toth (pictured) said in […]
Gulf Keystone Update on Kurdistan Operations
Gulf Keystone Petroleum provided an update on its operations in the Kurdistan Region of Iraq this morning. The shares are down 3% in early trading, but have more than doubled in the past three months, partly on rumours of a take-over. Shaikan Long Term Test Facilities The recently constructed production test facilities near the location […]
Basra Investment Boss to Speak at Iraq Mega Projects 2010
Basrah is central to the biggest oil and gas projects that will be taking part in Iraq over years to come and in order for contracts to go ahead, approval and consent is needed from the local authorities for projects to commence. Iraq Mega Projects 2010 Conference & Exhibition, taking place in Istanbul, Turkey, on […]
More Lukoil Tenders for West Qurna 2
Lukoil and partners, Statoil and the Iraqi state, have issued four new tenders for construction and energy projects at Iraq’s West Qurna 2 oilfield, according to reports from Reuters. The tenders are for the construction of: an oil export pipeline; a tank farm at Tuba; a power distribution station and an associated gas processing plant; […]
Gulf Keystone Jumps on Rumours of Move to Main Market
Britain's Sunday Telegraph understands that the Iraq-focused oil explorer Gulf Keystone (LSE: GKP) intends to move its listing from London's junior 'AIM' market to the main London Stock Exchange (LSE). With a market capitalisation of over £700m ($1.1bn) it has grown much larger than the market's usual members. A move to the LSE's Official List, […]
Tags: Gulf Keystone
Ankara Sides with Baghdad over Kurdish Energy
The new deal between Iraq's central government and Turkey on the Ceyhan pipeline reportedly blocks the export of oil and gas from Kurdistan without Baghdad's approval. Both AKnews and Azzaman report that Turkey's Energy Minister, Taner Yildiz, has agreed not to transport Kurdish oil and gas unless Baghdad agrees. Speaking to AKnews, Ali Hussein Balo, […]
15-Year Ceyhan Pipeline Contract Signed
The Iraqi Oil Minister renewed a contract with Turkey to transport crude oil through the Turkish port of Ceyhan for 15 years, at volumes of more than one million barrels per day (bpd). The deal is expected to strengthen economic relations between Baghdad and Ankara. AKnews reports that Oil Minister Hussain al-Shahristani said in Baghdad […]
Details of New Iraq/Syria Pipelines
An initial agreement between Iraq and Syria to build a pipeline to the Mediterranean envisions one crude pipeline with a capacity of 1.5 million barrels per day and another with a capacity of 1.25m bpd, an Iraqi government spokesman said yesterday. Ali Al Dabbagh said that the larger of the two pipelines would carry heavier […]
Gas Auction Delayed, But How Many Companies Interested?
Rumours of a delay in Iraq's gas auction have proved to be true, with companies being given an additional three weeks to consider their response to the new contract terms. Both AKnews and MEED report that the new deadline for submissions is extended from 1st October to 20th October. AKnews suggests that as many as […]
Sterling Energy Plunges 40% on Kurdistan Update
Shares in Sterling Energy (LSE: SEY), the AIM-listed oil & gas company with interests Iraqi Kurdistan, fell 40% in early trading this morning following an update on its activities at Sangaw North: Sangaw North #1 Exploration Well The exploration well has been drilled to an intermediate depth of 2,395m and open-hole wire-line log data acquired […]
Russia's Rosneft Sets Sights on Iraq
Rosneft, reportedly Russia's biggest oil producer, is discussing projects in Iraq, its newly appointed president said on Friday. "We are discussing," Eduard Khudainatov told reporters on at the Sochi economic forum, without going into further details. The company is planning for continued growth, and intends to hire of world-class specialists; it is expected to announce […]
Tags: Eduard Khudainatov, Rosneft