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 Cabinet has endorsed a recommendation for financing the Fluid Catalytic Cracking (FCC) project, which it says is contracted by the South Refineries Company (SRC) with a Japanese company. Iraq Business News understands this to be the Basra Refinery Development Project, which is to be built by Japan's JGC Corporation. The […]
Genel Energy plc Trading and operations update Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in respect of the third quarter and first nine months of 2023. Paul Weir, Chief Executive of Genel, said: "Despite encouraging comments from senior politicians, the Iraq-Türkiye pipeline remains shut. Good progress has been […]
By John Lee. Iraq's Ministry of Transport has announced the opening of the 340-meter-long oil terminal at Khor Al-Zubair port. The General Company for Iraqi Ports inaugurated the crucial project, part of the second phase of the Japanese loan, in the presence of Japanese Ambassador to Iraq Futoshi Matsumoto. According to a statement from the […]
By John Lee. On Sunday, senior officials from the Iraqi Federal Government in Baghdad met with KRG Prime Minister Masrour Barzani and his team to discuss the resumption of oil exports via the Iraqi-Turkish Pipeline (ITP) the Turkish port of Ceyhan. Deputy Prime Minister for Energy and Minister for Energy Affairs and Oil, Hayan Abdul-Ghani, […]
By John Lee. Turkmenistan will supply Iraq with 9 billion cubic meters of natural gas per year for five years, according to a deal agreed in Ashgabat on Wednesday. The gas will be transported via Iran in what state-run Turkmengaz describes as a swap scheme. Iraq's Ministry of Electricity confirms the meeting, but makes no […]
By Bassam Yousif (Indiana State University, USA), Omar El-joumayle (Independent Scholar, Norway), and Jehan Baban (Iraqi Environment & Health Society, UK). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exploring the Water-Energy-Food nexus in context of conflict in Iraq Highlights We explore Water-Energy-Food (WEF) […]
By John Lee. DNO has confirmed that production continues to increase at its fields in Iraqi Kurdistan, with output so far in the fourth quarter averaging double the level of the third quarter. However, the company added that APIKUR members will "not be in a position to produce oil for pipeline exports until it is […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced that it restarted operations at its Atrush field in Iraqi Kurdistan this week, selling oil to a local refinery via pipeline. In its statement for the nine months nine months ended 30th September, the company said it remains focused on cost control […]
By John Lee. Iraq's Oil Pipeline Company has successfully completed a project to extend a dry gas pipeline (16 inches in diameter) that supplies the Kirkuk Gas Power Station from the Khor Mor fields. The pipeline, with a length of 1,050 meters, was constructed in two phases and is expected to transport an additional 100 […]
By John Lee. In a meeting of the Joint Management Committee, Iraq's Oil Ministry discussed the development plan for fields and projects contracted with the French company TotalEnergies. The Deputy Minister for Extraction Affairs affirmed the ministry's commitment to implementing strategic projects with TotalEnergies and QatarEnergy. According to a statement from the Ministry, the four […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for October: Total exports of crude oil: 109,545,589 barrels. Revenues from crude oil exports: $9.669 billion, the highest since July 2022. Oil fields in central and southern Iraq accounted for 108,050,360 barrels of crude oil exports. Exports from Kirkuk through the port of […]
By John Lee. Russian oil firm Lukoil has signed an agreement extending its contract at Iraq's West Qurna 2 oilfield by 10 years, taking it to 2045. Full statement from Lukoil: The representatives of PJSC LUKOIL and Basra Oil Company signed a Supplementary Agreement to the contract on the development and production of oil at […]
