Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Canada's Shamaran Petroleum and US's HKN Energy are to aquire Abu Dhabi National Energy Company (TAQA)'s interest in the Atrush oilfield in Iraqi Kurdistan. In a regulatory statement on Monday, TAQA said: "... Abu Dhabi National Energy Company PJSC ("TAQA") has, through its wholly-owned subsidiary, TAQA International BV, entered into definitive agreements […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG to brief oil producers on talks with Baghdad The natural resources ministry of the Kurdistan Regional Government (KRG) has invited international oil companies working in the Region to meet on Wednesday to discuss […]
By John Lee. Iraq's Commission of Integrity has reported the detection of "excesses and waste" exceeding $33 million in two contracts for Dhi Qar Oil Company (DQOC) and several departments affiliated with the Ministry of Electricity in the province. The department revealed excesses in the cost of a contract for the construction and maintenance of […]
By John Lee. French tube maker Vallourec has signed a contract with TotalEnergies for the supply of casing and tubing and associated accessories for the first phase of the Gas Growth Integrated Project (GGIP) in Iraq. The GGIP includes the recovery of gas currently being flared in the Basra region to supply power plants, along […]
From the Iraq Britain Business Council (IBBC): IBBC are holding their flagship conference at London's mansion house this year on 27th June. Iraq is in a dynamic phase, with the economy growing, and a stable, proactive government extending numerous initiatives and development contracts to tender. Come and hear from leading businesses and government officials with access […]
By John Lee. Local sources in Iraqi Kurdistan have said that one of the region's most prominent business leaders was killed in last night's attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. In a statement on X (formerly Twitter), the Kurdistan Democratic Party's (KDP) Foreign Relations Office said: "Initial reports indicate […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well Zubair/475 to a depth of 2,402 meters. Additionally, the company has accomplished the drilling of oil well Zubair/462, reaching a depth of 3,562 meters. These operations are part of the contract signed with the Italian company ENI to drill […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, will publish its Q4 2023 operating and interim financial results on 8 February at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as […]
By John Lee. The South Gas Company (SGC) and Halfaya Gas Company (HGC) have signed a contract for the development and processing of gas from the Nahr Bin Umar field, with a capacity of 150 million standard cubic feet per day. Deputy Prime Minister Hayan Abdul Ghani emphasized the project's contribution to the national economy […]
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. Iraq's Untapped Gas Potential: A Turning Point in Global Energy? Iraq has potentially huge gas reserves but its failure so far to properly develop them has led to three key […]
By John Lee. The Iraqi Ministry of Oil has said that plans are under way to increase oil production, with the aim of achieving a rate of 6 million barrels per day (bpd) within five years. The statement followed a meeting attended by the Undersecretaries of the Ministry, and a number of officials from key […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil export figures for December: Total exports of crude oil: 108,056,590 barrels. Revenues from crude oil exports: $8.316 billion. Oil fields in central and southern Iraq accounted for 107,592,532 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. […]
