Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraq has signed 48 agreements, memoranda of understanding (MoUs) and partnership declarations with US public and private sector entities spanning the oil, electricity, technology, finance and agriculture sectors. According to Iraq's Prime Minister's Office (PMO), the signing ceremony took place on Friday evening Baghdad time under the auspices of Prime Minister Ali […]
By John Lee. A floating gas platform project at Khor al-Zubair is set to proceed. following a meeting in Washington between Prime Minister Ali al-Zaidi and the chief executive of US-based Excelerate Energy. In October, the Ministry of Electricity and Excelerate Energy agreed on a floating storage and regasification unit (FSRU) with a capacity of […]
By John Lee. A hybrid solar power station has been installed and commissioned at the Arab Oil Training Institute in Iraq. The project was carried out by Al-Zawraa State Company, a subsidiary of the Ministry of Industry and Minerals. The station has a capacity of 120 kilowatts and a lithium battery storage capacity of 122 […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with the chief executive of ExxonMobil, Darren Woods, and the company's board at its headquarters in Houston to discuss expanding oil production and export capacity, and potential partnership in refinery development. According to the Prime Minister's Office, al-Zaidi outlined the government's intention to develop Iraq's […]
By John Lee. A seismic survey contract has been signed between the Iraq Oil Exploration Company and Sinopec (China Petroleum & Chemical Corporation) for a 2D seismic survey programme in Muthanna province. The contract covers the Addan 2D programme. The contract was signed on Thursday in the presence of Minister of Oil Basim Muhammad Khudhair […]
By John Lee. ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL) from BP, supporting the redevelopment of four producing oil fields in the Kirkuk area of northern Iraq. The agreement is expected to be signed during Prime Minister Ali al-Zaidi's official visit to Washington, D.C. BP […]
By John Lee. Chevron has held talks with Iraq's Prime Minister on expanding investment in southern oil fields, refining, pipeline infrastructure, and export routes. The meeting took place at Chevron's corporate headquarters and was attended by Iraq's ministers of oil and electricity, along with the Prime Minister's advisory council and the Iraqi ambassador to Washington. […]
By John Lee. Iraq's ministers of electricity and oil held a joint meeting in Washington with the US Deputy Secretary of Energy to discuss expanding power generation capacity and securing diversified fuel supplies. According to the Ministry of Electricity, the meeting brought together Minister Ali Saad Wahib, Minister of Oil Basim Muhammad Khudhair al-Abadi, and […]
By John Lee. Around IQD 25 billion ($19.1 million) in cash, $200,000, and four kilograms of gold jewellery have been seized as part of an ongoing investigation into Adnan al-Jamili, the Deputy Minister of Oil for Refinery Affairs, who is currently in detention. According to the Supreme Judicial Council (SJC), the investigating judge at the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Zaidi Courts US Investment amid Resistance from Iran-Backed Factions Iraqi Prime Minister Ali Al-Zaidi has held high-level meetings in Washington with President Donald Trump and other senior officials. The July 13 visit, […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi met Jordan's Foreign Minister Ayman Safadi in Washington on Wednesday, on the sidelines of an official visit to the United States. According to the Prime Minister's Office, discussions covered bilateral relations and opportunities to strengthen economic and development cooperation. The two sides reviewed progress on the Basra-Aqaba […]
By John Lee. A seismic survey contract has been signed between the Iraq Oil Exploration Company and Zhenhua Oil (EBS Petroleum) for seismic survey work at the Abu Khema block in Muthanna province, covering the Annexe to Licensing Round Five and Licensing Round Six. The contract was signed on Wednesday in the presence of Minister […]
