Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Noam Raydan and Harry Istepanian, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. After 'green talk' at COP28, where should Iraq begin? Iraq must demonstrate how it will balance its plans to reduce emissions while increasing crude production and continuing […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. TotalEnergies Agreement Smells Filthy Recent information indicates what might be the first scandal of this agreement. The Ministry of Oil (MoO) appears to have given away and for free 31% of actual […]
By John Lee. The Iraqi Drilling Company (IDC) has completed the reclamation of two oil wells in the Khabbaz and Jambur oil fields in Kirkuk. The Khabbaz/45 well was reclaimed using the IDC 206 drilling rig as part of a nine-well reclamation project for the North Oil Company (NOC) in the Khabbaz oil field. The […]
DNO ASA, the Norwegian oil and gas operator, today announced that gross production from its operated Tawke license in the Kurdistan region of Iraq continues to climb, with the December to date average approaching 90,000 barrels of oil per day (bopd). That lifts the projected fourth quarter 2023 figure to 65,000 bopd, up from 26,000 […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well EBS-64 as part of the contract with the Chinese company Zhenhua, aiming to drill 27 oil wells at the East Baghdad field. The operation, conducted in collaboration with China Oilfield Services Limited (COSL), a division of the China National […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down around 5 percent on Wednesday afternoon following an update from the company. It said that local market demand remains difficult to predict, and while discussions are ongoing, there is still no official timeline for the reopening of the Iraq-Turkey Pipeline (ITP). Full statement […]
By John Lee. Iraq plans to establish 44 new pharmaceutical factories across the country. Hamoudi Al-Lami, an advisor to the Prime Minister, told the state-run Iraqi News Agency (INA) that 25 of the factories will be in Baghdad, while the remaining facilities are spread across different provinces, including Kirkuk, Erbil, Basra, Karbala, and six in […]
By John Lee. The Iraqi Drilling Company (IDC) has accomplished the drilling of the directional oil well MJ-159 in collaboration with Halliburton, as part of the project to drill 42 oil wells in the Majnoon Oilfield for Basra Oil Company (BOC). Mr. Muhannad Maki Tarash, the Director of the First Operations Department at the company, […]
By John Lee. WesternZagros Resources has joined the Association of the Petroleum Industry of Kurdistan (APIKUR), becoming its seventh member. According to a statement from APIKUR: WesternZagros is a privately held American owned company with offices in Calgary, Canada, and in Erbil and Sulaymaniyah in the Kurdistan Region of Iraq. It has invested over $1 […]
By John Lee. At the COP28 conference in Dubai, Iraq will reportedly not agree to a phasedown or phaseout of fossil fuels, while it has already begun with steps to reduce emissions. An adviser to Iraq's oil ministry told S&P Global Commodity Insights at COP28 in Dubai that Iraq will agree to phase down emissions, […]
From the Iraq Britain Business Council (IBBC): IBBC's two-day conference success 'Building a sustainable future for Iraq'. IBBC held an expanded two- day conference in Dubai to coincide with Cop 28 to focus on 'a sustainable future for Iraq', with one day dedicated to Education and Training and one for Business, Investment, and Energy. IBBC […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraq's oil tanker ambitions have not made it to deep waters Shipping is one of many sectors where Iraq is still playing catch-up after decades of conflict. To this end, the Iraqi […]
