Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
A final investment decision on investment for the Nabucco pipeline will definitely not happen this year, and will be delayed until 2011 because gas supply talks with Azerbaijan are dragging on, an Austrian newspaper reported on Friday. The 7.9 billion euro ($11 billion) Nabucco pipeline is part of the EU's effort to diversify its natural […]
The Iraqi Industry Ministry signed a contract with a Lebanese firm to supervise the start-up of a gas-fueled power station in the al-Hurriya city, northern Baghdad. “The station’s start-up work will take three months,” the ministry said in a statement on Thursday as received by the Aswat al-Iraq news agency. It noted that the firm […]
As our weekly newsletter goes to press, BP has just announced a major new event for contractors interested in its giant Rumaila oilfield. There will be opportunities in the areas of: Engineering and Project Management Services (EPMS); Engineering, Procurement and Construction (EPC); and Construction. This is hugely significant to the development of Iraq's economy, as […]
As the lead contractor for the development of the super-giant Rumaila field in Southern Iraq, and on behalf of partners PetroChina Company Limited and the Oil Marketing Company of the Republic of Iraq, BP Iraq NV will be holding a Share Fair event at the Conrad Hotel in Istanbul on 22 November 2010. The objective […]
Further to BP's Share Fair event for contractors interested in working at the giant Rumaila oilfield, the consortium partners have prepared a very informative presentation on the project. Please maximise your browser window and click on the following pages to view the company's plans for what will be the world's second largest producing oilfield:
Kurdistan Regional Government (KRG) officials hosted a delegation of prominent South Korean companies on Wednesday in the first meeting of the Kurdistan-Korean Business Forum. South Korea’s Ambassador Suk Bum Park, Chairman of the Investment Board Minister Herish Muharam, and Head of the KRG Department of Foreign Relations Minister Falah Mustafa Bakir presided over the forum […]
Sonoro announced that its wholly owned subsidiary, Sonoro Energy Iraq, and its partner, Berkeley Petroleum Mesopotamia Asphalts Limited (together, the "Licensee"), have signed an Asphalt License Agreement (the "Agreement") with the Al-Salah ad Din Provincial Government in the Republic of Iraq. The Salah ad Din Province lies just to the North of Baghdad and lies […]
The London Court of International Arbitration has disclosed the award in the arbitration proceedings between DNO Iraq AS, a subsidiary of DNO International ASA (DNO), and certain third party interests in the Kurdistan Region of Iraq. The award, which is conditional, does not specify any figure of damages to be paid by DNO, but rather […]
Ashti Hawrami says Iraq can fill Nabucco. A day after Iraq said its proven oil reserves surged to world's third biggest, talks are on to extend the Nabucco pipeline to country's Kurdish region. According to Richard Morningstar, the Special Envoy of the United States Secretary of State for Eurasian Energy, it is important that natural […]
Dana Gas PJSC, Crescent Petroleum, Mol Nyrt and OMV will produce 300 million cubic feet a day of gas from its project in Iraq’s Kurdistan region in 2012, a year later than expected. The production rate is currently 200 million cubic feet a day, Dana Gas said in a statement today. The production rate was […]
Industrial manufacturer Honeywell International said on Tuesday that it is opening a full-service office in Baghdad, and plans to open other offices in the country over the next few years. The Baghdad office will supply technology solutions such as process automation equipment to Iraq's oil and gas industry, which is in the midst of re-construction. […]
ShaMaran Petroleum (TSX VENTURE:SNM) has announced the start of drilling operations at the Atrush-1 exploration well in the Atrush Block, Kurdistan. The well is being operated by General Exploration Partners ("GEP"), a company jointly owned by ShaMaran (33.5%) and Aspect Energy (66.5%). The Atrush-1 exploration well was spudded on October 5, 2010. The well which […]
