According to Al SumariaTV, an Iraqi Oil Ministry Spokesman said that Iraq will save more than $5 billion by adding new refining units to the Al Dora refinery and rehabilitating the Beiji refinery. Money that used to be spent on buying oil derivatives from neighboring countries in order to meet the needs of the local […]
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.
Weatherford to Be Ready for Iraq Fields by July
Weatherford has established nine rigs operating on the ground in Iraq with 1,000 employees.
Tags: recruitment, Weatherford
Iraq Cabinet Approves Naft Al Wassat Company
Iraq Government Spokesman Ali Dabbagh said that the Cabinet approved Ministry of Oil request to establish Naft Al Wassat Company with a capital of 100 billion Iraqi Dinars.
Tags: Naft Al Wassat Company, Oil & Gas
Exxon to Lead Water Injection Project in Iraq
Exxon Mobil has been picked to lead a "multibillion-dollar" water-injection project on behalf of international oil companies that won contracts in southern Iraqi oilfields
CNPC: Rumaila Oilfield Output up 10% by Year-End
A consortium led by China National Petroleum Corp. and U.K. oil major BP PLC plans to increase crude oil production from the field by 10% by the end of this year.
Iraq Middle Oil Fields Output to Reach 400,000 Bpd
The Ministry of Oil will decouple some directorates from the Ministry and annex the same to Naft Al Wassat Company in order to speed up establishing the company and to decrease the pressure faced by the SOC, MOC.
Tags: Middle Oil Company
Turkey State Owned Oil Company Presents Bids to Develop Iraq Natural Gas Fields
Turkey state Owned Oil Company said that the company intends to offer bids in order to develop Akas, Al Mansouriah and Siba for natural gas in Iraq.
Iraq Announces New Gas Tenders
(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 to Open New Production Unit in Dawra Refinery
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.
Pending Oil Issues with Kurdistan to Be Resolved .......soon
All pending oil problems with the Kurdistan region will be resolved soon, the official spokesman for the Iraqi Oil Ministry said.
Tags: Kurdistan News
Schlumberger Starts Staffing in Iraq
Schlumberger expects to have 300 employees in Iraq by July and almost 600 by the end of the year.
Tags: recruitment, Schlumberger
Business as Usual for Oil Companies
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 […]