Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Matein Khalid, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. As the War Flares, Iraq's Economic Dire Straits Deepen The revival of the US-Israel-Iran war is set to intensify the concatenation of economic, energy and geopolitical […]
By John Lee. A planned oil pipeline linking Haditha in Iraq to Baniyas on the Syrian coast is intended to serve as a strategic export route to European markets, according to the Syrian Petroleum Company (SPC). The project is expected to take between two and two-and-a-half years to complete. Safwan al-Sheikh Ahmad, Director of Communications […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 1. A historic volume of agreements - 48 in total A total of 48 agreements, memoranda of understanding, cooperation agreements and partnership declarations were signed between public and private sector entities in Iraq […]
By John Lee. Basra Oil Company (BOC) has awarded a contract to US company Halliburton to provide Integrated Field Management Services (IFMS) and Engineering, Procurement, and Construction Management (EPCM) for the Nahr Bin Umar oil field and Sindbad oil and gas fields in southern Iraq. The contract scope includes field development planning, production optimisation, digital […]
By John Lee. A development contract for the Hamrin oil field has been activated with US-based HKN Energy in a ceremony attended by Minister of Oil Basim Muhammad Khudhair al-Abadi. According to the Ministry of Oil, the contract targets a peak production rate of 140,000 barrels per day of oil, alongside approximately 40 million standard […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced that production operations at its Shaikan oil field in the Kurdistan Region of Iraq have been temporarily shut in as a safety precaution, citing the developing regional security environment. The company said its assets have not been impacted and that the latest gross production figure was […]
By John Lee. Iraq has signed 48 agreements, memoranda of understanding (MoUs) and partnership declarations with US public and private sector entities spanning the oil, electricity, technology, finance and agriculture sectors. According to Iraq's Prime Minister's Office (PMO), the signing ceremony took place on Friday evening Baghdad time under the auspices of Prime Minister Ali […]
By John Lee. A floating gas platform project at Khor al-Zubair is set to proceed. following a meeting in Washington between Prime Minister Ali al-Zaidi and the chief executive of US-based Excelerate Energy. In October, the Ministry of Electricity and Excelerate Energy agreed on a floating storage and regasification unit (FSRU) with a capacity of […]
By John Lee. A hybrid solar power station has been installed and commissioned at the Arab Oil Training Institute in Iraq. The project was carried out by Al-Zawraa State Company, a subsidiary of the Ministry of Industry and Minerals. The station has a capacity of 120 kilowatts and a lithium battery storage capacity of 122 […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with the chief executive of ExxonMobil, Darren Woods, and the company's board at its headquarters in Houston to discuss expanding oil production and export capacity, and potential partnership in refinery development. According to the Prime Minister's Office, al-Zaidi outlined the government's intention to develop Iraq's […]
By John Lee. A seismic survey contract has been signed between the Iraq Oil Exploration Company and Sinopec (China Petroleum & Chemical Corporation) for a 2D seismic survey programme in Muthanna province. The contract covers the Addan 2D programme. The contract was signed on Thursday in the presence of Minister of Oil Basim Muhammad Khudhair […]
By John Lee. ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL) from BP, supporting the redevelopment of four producing oil fields in the Kirkuk area of northern Iraq. The agreement is expected to be signed during Prime Minister Ali al-Zaidi's official visit to Washington, D.C. BP […]
