Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The Iraqi Ministry of Oil announced details of a memorandum of understanding (MoU) signed with American company Honeywell to develop oil refineries. Deputy Minister for Refining Affairs, Hamid Al-Zobaie, told the state-run Iraqi News Agency (INA) that the MoU involves several projects to increase refinery capacity to 40 percent of crude oil […]
By John Lee. Scottish consulting and engineering company Wood has been awarded a new $46 million, three-year contract by TotalEnergies in Iraq. In a press release on Wednesday, Wood said it will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the Associated Gas Upstream […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani met with Mr. Dai Houliang, Chairman of the Board of Directors of the China National Petroleum Corporation (CNPC), and an accompanying delegation. Al-Sudani affirmed Iraq's keenness to develop relations with China across various sectors, emphasizing that the presence of Chinese companies, including in the oil sector, […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has inaugurated the new Isomerization Unit at Basra Refinery. The unit has a capacity of 11,000 barrels per day (bpd) to produce premium gasoline. The project will increase the production of premium gasoline by 1,300 cubic meters per day (1.3 million liters per day), reducing imports by […]
By John Lee. Iraq's Prime Minister Mohammed Shia' Al-Sudani inaugurated a major gas processing project in the Halfaya oilfield in Maysan governorate, with a capacity of 300 million standard cubic feet per day. Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayyan Abdul Ghani, stated that the commissioning of the Halfaya gas processing […]
By John Lee. Iraqi security forces have allegedly escalated their violence against contract workers at the South Refineries Company (SRC), who were said to have been peacefully protesting for permanent contracts. In a joint statement, IndustriALL affiliates, the General Federation of Oil, Gas and Petrochemical Unions in Iraq (GFOGPUI), the General Union of Oil Workers, […]
By John Lee. The 37th OPEC and non-OPEC Ministerial Meeting -- known as 'OPEC plus' -- was held in Vienna at the weekend. Among the items agreed was to keep Iraq's planned oil production flat at 4.431 million barrels of oil per day for 2025. The next meeting of the group is scheduled to be […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired the regular meeting of the High Committee for the Development Road Project on Thursday. The meeting included the Ministers of Transport, Planning, Oil, Electricity, and Communications, along with the Prime Minister's advisors. The discussion focused on the project's implementation procedures and progress on previous directives. […]
By Kate Dourian for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese Firms Snag Iraqi Oil and Gas Blocks Chinese investors are less risk averse than their Western counterparts, hence their strong showing in the […]
By John Lee. Iraq and Canada have agreed to establish communication and hold a joint meeting between the Iraqi Geological Survey and specialized Canadian companies. The goal is to develop mechanisms and terms for joint work in conducting aerial geophysical surveys on behalf of the Iraqi government. The Canadian ambassador, Kathy Bunka, confirmed Canada's and […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Oil Deal That Represents the West's Final Chance to Regain Influence in Iraq US seeks influence in Iraq via French oil giant TotalEnergies' $27-billion deal. The deal aims to […]
By Soner Cagaptay, Selin Uysal, and Bilal Wahab, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraq-Turkey Reset From water rights to PKK violence, a recent summit seemed to remove several long-festering thorns from the […]
