Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. During his official visit to London, Prime Minister Mohammed S. Al-Sudani met with Wael Sawan, CEO of Shell, to explore opportunities for expanding cooperation between Iraq and the energy giant. The discussions emphasized Iraq's focus on advancing its oil, gas, and petrochemical sectors, aligned with the government's recent announcement of new investment […]
By John Lee. A memorandum of understanding (MoU) was signed in London to explore the comprehensive redevelopment of four oil fields in Kirkuk. The agreement was formalised by Amer Khalil Ahmed, Director General of the North Oil Company (NOC), and Zaid Al-Yasiri, BP's Iraq Branch Manager, in the presence of Deputy Prime Minister and Minister […]
By John Lee. Prime Ministers Keir Starmer and Mohammed S. Al-Sudani have unveiled an ambitious £12.3 billion [$15 billion] UK-Iraq trade and investment package aimed at enhancing prosperity and bilateral economic ties. The agreement represents over a tenfold increase in trade compared to last year and underscores both nations' commitment to strategic collaboration across key […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Stellar Energy's Executive Chairman, Peter Gibson, during his official visit to London to discuss the company's ongoing and future projects in Iraq. The talks focused on Florida-based Stellar Energy's work with the Ministry of Electricity on combined-cycle power plants and gas supply mechanisms, as well […]
By John Lee. During his official visit to London, Iraqi Prime Minister Mohammed S. Al-Sudani met with Fakhri Dhaidan, Vice President of French engineering company Technip Energies, to discuss the company's ongoing and future operations in Iraq. The meeting focused on Technip Energies' consultancy work for the Karbala and Basra refineries and its role in […]
By John Lee. In a statement from the Ministry, Iraq's Minister of Oil, Hayan Abdul Ghani, noted ongoing negotiations with BP to finalise technical, economic, and contractual aspects of the Kirkuk oilfield development. Senior officials from the Ministry, the North Oil Company (NOC), and BP, including the head of BP Iraq, participated in the talks. […]
By John Lee. On Friday, TotalEnergies (45%, operator) and its partners Basra Oil Company (BOC) (30%) and QatarEnergy (25%) launched today the construction works of ArtawiGas25, a first processing facility for the associated gas from the Ratawi [Artawi] field, in the Basra region. This facility, which is part of the Gas Growth Integrated Project (GGIP), […]
By John Lee. Minister of Oil, Hayan Abdul Ghani, reaffirmed Iraq's commitment to achieving gas self-sufficiency through enhanced gas capture from oil production, development of gas fields, and exploration zones. Speaking at the handover ceremony for the Subba [Sabah, Tuba] Oilfield project, he highlighted its role in boosting oil production and meeting energy demands. The […]
By John Lee. Iraq's Oil Products Distribution Company (OPDC) has announced its 2024 fuel sales figures, showcasing extensive distribution across Iraq via retail outlets, electronic POS systems, and direct supply to state institutions, private companies, investors, displaced persons, the Ministry of Electricity, and aviation services. Director-General Hussein Talib Aboud attributed the successful distribution to coordinated […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Tuesday with representatives of UAE's Crescent Petroleum, attended by the Ministers of Oil and Electricity. The meeting discussed the government's plans to advance gas investment in partnership with the private sector. The Prime Minister directed the Ministry of Electricity to proceed with […]
By John Lee. Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V. (PPL Asia), has received a payment of $6 million from Iraq's state-owned Midland [Middle] Oil Company (MdOC), in relation to the conclusion of its Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in in the Diyala and Wasit […]
By Ahmed Tabaqchali for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan's share of the 2024 Iraqi budget: More than meets the eye The KRI's share of the budget has always been more than meets the eye, a share […]
