Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
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. The Real Reason Russia Is Ramping Up Oil Production In Iraq With the future of independent oil supplies from the KRI looking highly precarious, Russia is moving firmly into the last […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th August 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 1,219.8 2.9% 34.0% RSISX USD Index 1,199.4 […]
By John Lee. The Minister of Oil has announced that the ongoing efforts to rehabilitate the Northern Refinery in the "Samoud Complex" in Baiji, with a capacity of 150,000 barrels per day (bpd), will be completed by the end of 2024. He highlighted the government's attention and the direct involvement of the Prime Minister in […]
By John Lee. The Karkh Investigation Court, which is specialized in integrity issues, has reportedly issued an order to seize the movable and immovable assets of former Oil Minister Ihsan Abdul-Jabbar. According to the state-run Iraqi News Agency (INA), citing a court source, the case relates to the alleged exploitation of his position and the […]
By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has urged the Iraqi Federal Government in Baghdad and the Kurdistan Regional Government (KRG) to honour their production sharing contracts (PSCs). The Association of the Petroleum Industry of Kurdistan (APIKUR) added that it wants those rights to be incorporated into Iraq's […]
By John Lee. A subsidiary of China National Petroleum Corp (CNPC) has reportedly won an engineering, procurement and construction contract worth $194 million to drill wells at Iraq's Rumaila oilfield. According to Channel News Asia, the contract was awarded to Daqing Drilling Engineering Company, which has been active at the field since 2010. More here. […]
By John Lee. The Ministry of Electricity has reportedly confirmed the formation of a joint committee with the Ministry of Oil to discuss importing gas from Qatar and Turkmenistan. State-run Iraqi News Agency (INA) quoted theh Minister of Electricity, Ziyad Ali Fadhil, as saying that the committee will go with a delegation to Turkmenistan, and […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling operations for the Nasiriyah-60 oil well in Dhi Qar province. The well, reaching a depth of 2,110 meters, is part of the "Mushrif [Mishrif] Formation", and the project is a contract with the Dhi Qar Oil Company (DQOC). The project entails drilling 20 […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has suspended its 2023 guidance due to uncertainties resulting from the closure of the Iraq-Turkey Pipeline (ITP) to Ceyhan, and other challenges in Iraqi Kurdistan. Full statement from ShaMaran Petroleum: ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) and (Nasdaq First North Growth […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th August 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 1,185.2 6.5% 30.2% RSISX USD Index 1,165.4 […]
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 Unwilling To Resume Crude Exports From Kurdistan To Turkey It is easy to lose sight of the wood for the trees sometimes in the complex world of global oil. […]
By John Lee. Share in Gulf Keystone Petroleum (GKP) were trading up nearly 7 percent this morning (Wednesday), follow a fall that saw the shares down 25 percent at one point yesterday. In an operational and corporate update, the company said it has, "commenced local sales in July and partially restarted Shaikan Field production, increasing […]
