The oil pipeline from the south oil reservoirs in Nasiriya to the reservoir at Kut has been re-opened, according to a report from the National Iraqi News Agency. Head of Wassit Provincial Council, Mahmoud Abdul-Ridha Talal, told (NINA): "The re-operation of the oil pipeline carrying oil between the two provinces will solve the serious and […]
Archive | Iraq Oil & Gas News
Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
Gulf Keystone Directors Sell Shares
Gulf Keystone Petroleum Limited (AIM: GKP) has announced that it received notification that on 23 September 2010 Lord Peter Truscott, a non-executive director of the Company, and his wife sold 33,000 common shares at an average price of £1.44 per share. Following this sale Lord and Lady Truscott are interested in 500,333 common shares representing […]
Tags: Gulf Keystone
$10 Billion to be Spent on Oilfield Water Injection
An Iraqi government spokesman said on Tuesday that the water injection project to help boost production from Iraq's southern oilfields is expected to exceed $10 billion. Reuters reports that Iraq's cabinet approved a plan on Tuesday to repay the cost of the scheme to the international oil companies that would need to initially fund the […]
Tags: water injection
Political Stalemate Not Delaying Rumaila - BP Boss
BP's boss in Iraq says the political impasse that has delayed the formation of Iraq's new government for more than six monthsit has had no effect on its work on Iraq's biggest oilfield. BP is moving ahead with developing the supergiant Rumaila oilfield and could award new contracts for work in the field later in […]
Momentum Logistics Opens New Office in Erbil
Momentum Logistics, the Sharjah-based third-party logistics (3PL) service provider and subsidiary of international port management company, Gulftainer, has officially opened its new office in Erbil. The new office will allow Momentum to react more efficiently to the daily needs of its clients. Erbil is the management centre of the Northern Iraq's oil industry, and Momentum […]
Tags: Gulftainer, Momentum Logistics
Iraq Govt Allows Kuwaitis to Recover Real Estate Seized by Saddam
Iraq has agreed to allow Kuwaitis who owned real estate in Iraq to recover property seized under Saddam Hussein's regime after the invasion of Kuwait 20 years ago, according to a report from Reuters. Kuwaitis can recover their Iraqi property provided there is no legal decision prohibiting it, Iraq’s government spokesman, Ali al-Dabbagh (pictured), said […]
Companies Selected for US Trade Mission
Francisco Sánchez, Under Secretary of Commerce for International Trade, will lead a historic trade mission to Baghdad, Iraq, in October. Sánchez will accompany representatives from 14 U.S. companies on the department’s first trade mission to Iraq since the end of the U.S. combat mission in Iraq. “The U.S.-Iraq bilateral relationship is entering a new phase […]
Tags: trade missions
His Excellency Thamir Al Ghadhban on the Future of Iraq’s Oil and Gas Sector
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 […]
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; […]