Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for April, but has not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 102,386,818 barrels. Oil fields in central and southern […]
By John Lee. The Iraqi Ministry of Oil has said it is prioritising the resumption of oil production in Iraqi Kurdistan, and the export of oil through the Iraq-Turkey Pipeline (ITP), "in line with national interests". In a statement on Tuesday, the Ministry said it has invited the Kurdistan Ministry of Natural Resources and international […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Ambassador to China announces major educational, trade initiatives Beijing plans to build 8,000 schools throughout Iraq and the Kurdistan Region as part of an oil-for-investment agreement. Click here to read the full article.
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. China Tightens Its Grip On Iraq With Major Successes in Licensing Rounds With this new slew of oil and gas license awards, it may be that China has ultimately got […]
By John Lee. The Iraqi Drilling Company (IDC) has launched its largest drilling rig, IDC 57, at the Majnoon oil field. General Manager Khaled Hamza Abbas said the with 3,000-horsepower rig is modern, advanced and capable of drilling wells up to 8,500 meters deep. The technical and engineering teams have started drilling the Yamama appraisal […]
By John Lee. Jordan's Ministry of Energy and Mineral Resources has announced that Iraq has approved a three-month extension of the Memorandum of Understanding (MoU) for supplying oil to Jordan, under the same contractual terms and price. The Director of Jordan's Oil and Natural Gas Directorate, Engineer Iman Awad, stated that Jordan has completed all […]
By John Lee. Capturiant, which describes itself as "the world's first energy-derived carbon credit and environmental asset authenticator, registry, and regulated exchange", has announced its first Middle Eastern franchise in Iraq, in partnership with Sharp Mind Global Ventures Inc., a Canada-based company with a branch in Iraq. According to a press release from Capturiant: This […]
By John Lee. Oil Minister Hayyan Abdul Ghani commended the recent achievements in the refining sector during his visit to the Midland Refineries Company (MRC) on May 21, 2024. Accompanied by Deputy Minister for Distribution Affairs Ali Maarij, Abdul Ghani acknowledged the ministry and companies' efforts in adding 360,000 barrels per day of refining capacity […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Latest Combined Licensing Round- Disappointment for Al-Sudani Government and a Huge Economic Burden Absolutely Unjustified For three consecutive days (May 11-13), the Ministry of Oil (MoO) organized the "Fifth Plus" and […]
By John Lee. Iraq's Middle Oil Company [Midland Oil Company] has signed a preliminary agreement with a joint venture consisting of the Chinese company Jereh and Petro Iraq to develop the Mansuriyah gas field. Deputy Minister for Extraction Affairs, Bassem Mohammed Khudair, stated that this contract is part of the Ministry of Oil's efforts to […]
By John Lee. Iraq's Ministry of Oil has signed a Heads of Agreement (HoA) with the Chinese company Geo-Jade and the Iraqi company Crescent Basra (Hilal al-Basra) to invest in the integrated development project at the Tuba field, in the Zubair district of Basra. According to a statement from the Ministry, the project would have […]
By John Lee. The Ministry's Deputy Minister for Gas Affairs has inspected the gas project in Block 9 (Al-Fayhaa, Faihaa) in Basra province. Mr. Ezzat Saber said he hoped to utilize 130 million cubic feet per day of gas from the field by year-end, along with equipping power stations to process 100 million cubic feet […]
