Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
(Source: Petroleumworld.com) Iraq Prepares New Gas Field Licensing, Cuts Oilfield Signatory Bonuses Retroactively Iraq's Oil Ministry has released plans to tender three gas fields—previously part of the first and second licensing rounds—to 15 invited companies and has named Shell, Total, and KOGAS as frontrunners, while also confirming that signatory bonuses for the renegotiated West Qurna-1 […]
Iraq Ministry of Oil said that it is about to open a new production unit in Al Dawra refinery south Baghdad in order to answer the needs of the capital.
All pending oil problems with the Kurdistan region will be resolved soon, the official spokesman for the Iraqi Oil Ministry said.
Schlumberger expects to have 300 employees in Iraq by July and almost 600 by the end of the year.
Markets hate uncertainty, and as the negotiations about forming the next government drag on, there will be an increasing desire to see these talks draw to a conclusion. One of the main areas of uncertainty has been the issue of oil contracts - specifically, whether a new government would honour the deals struck with the […]
The Iraqi Oil Ministry is planning to hold a third licensing auction to develop three discovered gas fields Akkas, Mansouriya and Siba by the end of this year.
The Midland Oil Co will help ease the burden from the North, South and Maysan oil companies that are currently overseeing the 10 major oil projects awarded to western oil companies last year.
Iraq will invite 15 companies before the end of the year to bid to develop three gas fields and Royal Dutch Shell, Total and South Korea's KOGAS are the favourites.
Iraq's Oil Ministry has slashed signature bonuses on two oilfield development deals ...... but is turning them into unrecoverable payments.
Kurdish and federal Iraqi officials have agreed on potential mechanisms for paying oil firms operating in the Kurdish north but the proposals must be approved by the Iraqi cabinet.
The Council of Ministers agreed on Tuesday on the proposal presented by the Oil Ministry to establish the Central Oil Company (COC) with a capital of 100 billion Iraqi dinars.
OPEC is a maddeningly opaque outfit; its public pronouncements frequently seem carefully crafted to conceal its private calculations. The 12-member cartel controls about one-third of the world’s daily oil supply — not quite enough to give it absolute control over the price per barrel, but enough to allow it to consistently manipulate the price to […]
