Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Hayan Abdul Ghani, Iraq's Minister of Oil, has inaugurated the first phase of the Central Processing Facility (CPF) at the Al-Faihaa [Fayhaa] oil field in Basra, with a capacity of 100,000 barrels per day. According to a statement from the Ministry of Oil, this marks the transition of Al-Faihaa from an exploratory […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a meeting with representatives from KBR to discuss the completion of projects aimed at improving Baghdad's city entrances. The meeting included the Minister of Construction and Housing, the Governor of Baghdad, and other officials. Discussions focused on KBR's support for the Ministry of Planning in […]
By John Lee. Iraq's Deputy Prime Minister for Energy and Minister of Oil, Mr. Hayan Abdul Ghani, has opened a new road in the Abu Sakhir area and a high school in the Al-Zubair district of Basra Province. The inauguration ceremony took place on Thursday and was attended by the Deputy Minister for Extraction Affairs, […]
By Yerevan Saeed, for the New Lines Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. An Attack in Iraq Sends a Message: Closed To Western Energy Business Iraq's drive for energy self-sufficiency, fueled by potential future U.S. investment, and Türkiye's ambitions of reaching […]
By John Lee. The Deputy Minister of Oil for Gas Affairs, Ezzat Saber (pictured), emphasized the urgency of accelerating the investment in associated gas from oil operations at the Bazargan field in Maysan province. The goal is to harness 70 million standard cubic feet per day (MMSCFD) to support and enhance the energy sector, generating […]
By John Lee. The Ministry of Oil has begun supplying the second unit of the Dibis Gas Power Plant in Kirkuk Province with 25 million standard cubic feet per day (MMSCFD) of dry gas. Deputy Minister of Oil for Gas Affairs, Mr. Izzat Saber, said this supply is expected to contribute an additional 85-100 MW […]
By John Lee. Jordanian Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh (pictured), announced that the Iraqi Cabinet has approved the extension of the crude oil supply memorandum of understanding (MoU) between the Iraqi Ministry of Oil and the Jordanian Ministry of Energy and Mineral Resources. The MoU, initially signed on May 4, 2023, […]
By Marina Ottaway, for The Wilson Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and the Demise of Federalism A major legacy of the US occupation of Iraq was the introduction of federalism, a first for the entire region. Federalism has been […]
By John Lee. The Iraqi government has given brick factories 18 months to switch from using "black oil" to liquefied gas. "Black oil" or "dark oil" is also sometimes referred to as "residual fuel oil", "bunker oil" or "heavy fuel oil (HFO)". It is a heavy, viscous byproduct of the refining process for lighter fuels […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Serious and Impacting Discrepancies in Estimating Oil Export Prices and Revenues A comparison of available data on oil export prices and revenues for the first four months of this year reveals significant […]
By John Lee. Jordan's Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, announced that from May 4, 2023, to June 30, 2024, Jordan imported approximately 5 million barrels of Iraqi oil. The oil was transported by Iraqi and Jordanian tankers from Kirkuk to the Jordan Petroleum Refinery in Zarqa (pictured). This import is part […]
By John Lee. Turkmenistan and Iran have signed a contract for the purchase and sale of natural gas in the amount of up to 10 billion cubic meters of gas per year, which will be supplied from Turkmenistan to Iraq through Iran under a swap scheme. The agreement was signed following negotiations between Turkmenistan and […]
