Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
From the Iraq Britain Business Council (IBBC): IBBC is delighted to announce that Mr. Laith Abdul Hussein Al-Shaher, immediate former Deputy Minister for Distribution Affairs at the Iraqi Ministry of Oil has joined the IBBC Advisory Council. Mr. AL Shaher was the lead negotiator with IOCs working in Iraq with regard to oil contracts and […]
By John Lee. During a meeting with a delegation from General Electric Energy, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil expressed the government's commitment to supporting fast-track energy solutions for harnessing associated gas and converting it into useful energy. This collaboration with reputable international companies is part of the ministry's initiatives. […]
By John Lee. In Iraq's Zubair oil field, technical and engineering teams from the Iraqi Drilling Company (IDC) have successfully completed the drilling of a new oil well, Zubair/563, reaching a depth of 3538 meters. This achievement is part of a contract signed with the Italian company ENI to drill 37 oil wells in the […]
By John Lee. During an inspection visit to the Najaf Refinery, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil emphasized the ministry's commitment to enhancing and expanding the refining capacities of national refineries. The goal is to support dedicated efforts in line with the ministry's objectives, including improving the quality of petroleum […]
By John Lee. Irish-based Petrel Resources has claimed that an updated Merjan oil field development proposal has been submitted to the Ministry of Oil with a view to finalising a licence agreement. The company claims to have an interest in Iraq's Block 6 in the Western Desert, subject to ratification. Full text of the company […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Petroleum Sector Chronicle - Convergence of Challenges and Existential Threats Preface, Introduction and Executive Summary My new book, Iraq Petroleum Sector Chronicle-Volume 5, covers the dramatic 2014, year of converging challenges […]
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran's oil minister said his ministry has inked good agreements with neighboring Iraq in the field of exporting gas, collecting associated (flare) gas and also exporting technical-engineering services in […]
By Noor Kareem, for the Foreign Policy Research Institute (FPRI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Empowering Iraq: The $27 Billion Deal for Iraq's Energy Sufficiency This past July, Iraq and France's TotalEnergies finalized the Gas Growth Integrated Project, a $27 […]
By John Lee. The Kirkuk-Ceyhan oil pipeline, which is also the main route for oil exports from Iraqi Kurdistan, will reportedly soon be ready to resume operations. Various media sources quote the Turkish Energy Minister, Alparslan Bayraktar (pictured), as saying that earthquake-damage assessments are nearing completion. Shares in Gulf Keystone Petroleum (GKP) closed the day […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th September 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,341.8 1.6% 47.4% RSISX USD Index 1,319.4 […]
By John Lee. On Wednesday, Oil Minister Hayan Abdul Ghani received a delegation from the French company TotalEnergies. The delegation included Mr. Laurent Vivier, the Regional Director for the Middle East and North Africa; Mr. Julien Pouget, the Middle East Director for Exploration and Renewable Energy; and Ms. Dunia Al-Jalbi, the Director of TotalEnergies' Iraq […]
By John Lee. Iraq's Deputy Minister of Oil for Gas has emphasized the importance of expediting the implementation of the Nebras [Nibras] Petrochemical Project. During a meeting held at the Ministry of Oil's headquarters, discussions revolved around reviewing the preliminary report by a global consultant regarding the project's components, economic feasibility study, and the necessary […]
