Iraq says it has completed 25% of the plan to develop its Nasiriyah oil field.
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.
Basra Tender on the Table
Companies have until 5 May to prequalify to compete for the rehabilitation and expansion of the existing export facilities and pipelines in the southern oil hub city of Basra, Reuters said.
Iran to Sign Iraq Oil Pipeline Deal in a Month
Iran hopes to sign a deal with Baghdad to build an oil export pipeline from Iraq’s southern city of Basra within a month.
Petrel Cuts Subba Stake
Petrel will also receive a 10% profit interest in exchange for surrendering a 50% stake in the oilfield for $7 million.
Iraq Oil Plan to Drill 15 Oil Wells
The initial development plan agreed by Royal Dutch Shell, Malaysian partner Petronas and Iraqi oil officials includes inviting oil service firms to drill 15 new wells, an Iraqi oil official confirmed today.
Total Wants Bigger Stake in Iraq's Halfaya Field
Total is consdering a bigger stake in the Halfaya oilfield, in a bid to increase its presence in Iraq, its chief executive said on Thursday.
NOC Drills 9 New Oil Wells
Iraqi state-run North Oil Company (NOC) finalized drilling nine new oil wells and will rehabilitate 13 other oil wells during the coming days.
Barzani Approves Kurdistan Region’s 2010 Budget
President of Kurdistan region Massoud Barzani ratified on Wednesday the 2010 budget
Iraq Oil Ministry Says New Government Shall Not Cancel Newly Signed Oil Contracts
Iraq Ministry of Oil said that the upcoming government does not have the right to cancel the oil contracts
Tags: oil contracts
Oil Exports to Turkey to Resume
Iraqi crude exports to the Mediterranean port town of Ceyhan in Turkey could resume in a week after an explosion blamed on an attack damaged an oil pipeline on Thursday, an Iraqi oil official said. "We are sure now that it was sabotage not a technical failure... The time frame to fix the pipeline and […]
Iraq to Save Money Spent on Importing Oil Derivatives
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 […]
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