Last week as many as 700 workers at the 150,000 barrel per day refinery 16 kilometers west of Basra held a three-hour strike.
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.
Kurdistan Ready to Re-Start Oil Exports
Iraq's Kurdistan region is ready to start exporting oil at a rate of 100,000 barrels per day as soon as a new Iraq government is formed, its Natural Resources Minister Ashti Hawrami said today.
Turkey strengthens Iraqi energy ties
Turkey strengthened its energy ties with Iraq by renewing a contract to import Iraqi oil to the Turkish Mediterranean Sea port of Ceyhan, where Azerbaijani oil also arrives via the Baku-Tbilisi-Ceyhan pipeline.
Kuwait Developments:Progress alongside Iraq.
It has been an exciting few weeks in Kuwait where the Government approved a $104bn development plan - the proximity and historic links to Basra where similar high impact developments in the oil and gas sector are starting, promises to create economic heat in the North of the Gulf.
LUKOIL to Begin Production in 2013
The LUKOIL-Statoil consortium could begin producing oil at the West Qurna-2 oil field in Iraq in 2013, LUKOIL Vice President Andrey Kuzyayev said. LUKOIL’s capital investments in the project could be as much as $3.7 billion, the Oil and Gas Information Agency reports. LUKOIL President Vagit Alekperov said his company could increase investments in oil […]
Anbar Will Focus on Oil
The deputy governor of Anbar on Wednesday said that the province will focus on its oil wealth, particularly in the areas of Akaz and Zankawa, in an attempt to boost its economy. “The local government’s interest in the oil sector will provide outstanding job opportunities for youth and will ensure a revenue that adds to […]
Residential Compounds for Oil Companies in Basra
An investment permit will be given to an Iraqi-Turkish company to establish residential compounds for oil firms in Basra, a local source said on Tuesday.
Turkey Says Iraq Oil Deal Talks Underway
Turkish Natural Resources Minister Taner Yildiz said on Tuesday that a new agreement would be signed with Iraq soon about Kirkuk-Yumurtalik crude oil pipeline.
South Refinery Staff to Sit-in
Staff of the South Refineries Company in three southern Iraqi provinces will launch a sit-in on Wednesday
Turkey Oil Talks Underway
Turkish Energy & Natural Resources Minister Taner Yildiz said on Tuesday that a new agreement would be signed with Iraq soon about the Kirkuk-Yumurtalik crude oil pipeline. Speaking to reporters in Ankara, Yildiz said that talks were underway with Iraqi government and Iraqi Petroleum Ministry about the pipeline, and a new agreement would be signed […]
South Refinery Staff to Sit-in Tomorrow
Staff of the South Refineries Company in three southern Iraqi provinces were due to launch a sit-in on Wednesday (March 24) demanding the dismissal of the refinery’s administration and to release their revenues of previous years. “The sit-in will be conducted at the three provinces of Basra, Missan, and Thi-Qar,” a union source told Aswat […]
Tags: Basra News, Oil & Gas
Iraq Oil Exports Hit 57.9m Barrels in February
Iraq exported 57.9 million barrels of crude oil in February 2010 at an oil price of $73 a barrel, the Iraqi Ministry of Oil said on Tuesday. “Iraq has made $4.229 billion U.S. dollars in revenues,” according to a ministry statement received by Aswat al-Iraq news agency. A total of 45.2 million barrels have been […]