Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Prime Minister Mohammed S. Al-Sudani received a phone call today, Thursday, from the President of the Russian Federation, Vladimir Putin. According to the Media Office of the Prime Minister, the phone call touched on energy-related matters, "highlighting the importance of coordination among all concerned countries within OPEC and the OPEC+ group to […]
By John Lee. Canada's Sonoro Energy has announced the signing of a Heads of Agreement ("HOA") with TransAtlantic Petroleum LLC, a privately owned energy company headquartered in Dallas, Texas, to evaluate production investment opportunities in Iraq. Sonoro is chaired by Sara Akbar (pictured), co-founder of Kuwait Energy Company (KEC), which has had interests in Iraqi […]
By Hayder Al-Shakeri and Dr Renad Mansour, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How supply chains fuel transnational conflict in the Middle East Transnational conflict in the Middle East is fuelled by both 'legal' and 'illegal' trade. Mapping these […]
By John Lee. The Japan International Cooperation Agency (JICA) signed a $388-million loan agreement with Iraq on Sunday, to provide Japanese ODA loan for the sixth phase of the Basrah Refinery Upgrading Project. In a statement, JICA said: "This project aims to improve the quality and productivity of petroleum products, reduce the supply-demand gap, decrease […]
Almas Group: Supporting Iraq's Oil and Gas Sector through Specialized Logistics The oil and gas sector is key to Iraq's economic growth, generating significant revenue and development. As the industry grows, efficient supply chain solutions are essential for improving production and operations. Almas Group plays a crucial role by offering specialized logistics and supply chain […]
By John Lee. Iraq's Ministry of Oil has announced the commencement of drilling the 100th well in the East Baghdad Field (Southern Zone). Operated by Midland Oil Company and EBS Petroleum, a body registered in Iraq to conduct the petroleum operations on behalf of China's ZhenHua Oil, this marks Iraq's first horizontally drilled well in […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has met with members of the Parliamentary Finance Committee, led by Chairman Atwan Al-Atwani, to discuss resuming oil exports from the Kurdistan region via the Iraq-Turkey Pipeline (ITP) and the Turkish port of Ceyhan. The meeting focused on strengthening cooperation between the Ministry of Oil and […]
By John Lee. The Iraqi Ministry of Planning, in collaboration with the Ministries of Oil and Industry and Minerals, has launched a feasibility study for the strategic Al-Nibras [Nebras] Petrochemicals Project in Basra. Consultancy firm KBR has been appointed to conduct a comprehensive technical and economic review to map an optimal implementation path, building on […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully drilled and rehabilitated four new oil wells in the Zubair oil field in Basra. The Deputy Director General of the company, Kazim Habash Khalif, said technical teams completed the drilling of a 3,598-meter well for the Zubair Field Operating Authority, boosting field production capacity. Three […]
By John Lee. Shares in Genel Energy closed up over 6 percent on Tuesday, after the company said it, "continued optimising cash flows, evolving our capital structure and originating and maturing opportunities to acquire new assets that add reserves and diversify our cash generation geographically." In its trading and operations update for the third quarter […]
By John Lee. The Deputy Minister of Oil for Gas Affairs, Mr. Ezzat Saber Ismail, announced that North Gas Company's investment in associated gas has reached 410 million standard cubic feet (MMSCF). During his field supervision of scheduled maintenance at the NGC facilities in Kirkuk, Mr. Ismail said the company is producing around 410 MMSCF […]
By John Lee. Basra Oil Company (BOC) has opened the first phase of a new fuel depot at the West Qurna 1 field. The depot, with a storage capacity of 800,000 liters, was opened by Mr. Asaad Aboud, Director of the West Qurna 1 Field Operations. Mr. Aboud explained that the current storage capacity of […]
