Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Genel Energy has announced the following update on the Sarta PSC (30% working interest and operator): Testing of the Sarta-6 appraisal well has been completed. The well was a six kilometre step out from, and was c.300 metres downdip from, the Phase 1A pilot production area. 12 intervals were completed for individual, […]
By John Lee. The Prime Minister, Mr. Muhammad Shia Al-Sudani, has chaired a meeting this week discussing the sea water desalination project in Basra Governorate. During the meeting, they discussed "the acceleration of contracting and financing mechanisms." The Prime Minister affirmed the government's intention to involve reliable international companies in the implementation of the project. […]
Iraq: Staff Concluding Statement of the 2022 Article IV Consultation Mission: A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or 'mission'), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles […]
By John Lee. Iran and Iraq have reportedly concluded a $4-billion contract under which Iran will supply technical and engineering services to Iraq. The report from Iran's state-run PressTV gave no details of the deal, but quoted Hamid Hosseini, Director of the Iranian Oil, Gas and Petrochemical Products Exporters' Association (OPEX), as saying: "In the […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for November of 99,867,946 barrels, giving an average for the month of 3.329 million barrels per day (bpd), up from the 3.282 million bpd exported in October. The exports from the oilfields in central and southern Iraq amounted to approximately 97,204,696 barrels, while […]
Iraq's outstanding debts for the purchase of natural gas from Iran have been paid off, Iranian Oil Minister Javad Owji (pictured) said. Speaking to reporters on the sidelines of a weekly cabinet meeting on Wednesday, Owji said Iraq's outstanding debts for the purchase of gas from Iran during the previous and current Iranian year have […]
By John Lee. Iran's Ministry of Petroleum has reportedly opened a representative office in Baghdad. A representative of Iran's Ministry of Petroleum was quoted as saying that the office was opened to promote cooperation and synergy, and particularly joint projects between Baghdad and Tehran in the fields of oil, gas, and energy. He added that […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for October of 104,831,120 barrels, giving an average for the month of 3.382 million barrels per day (bpd), up from the 3.292 million bpd exported in September. The exports from the oilfields in central and southern Iraq amounted to approximately 102,070,427 barrels, while […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Preface and Introduction for IPSC Third Book My third book Iraq Petroleum Sector Chronicle- Reality Seldom Coincides with Expectations was published by Lambert Academic Publishing (LAP) a few days ago; it […]
By John Lee. Iraq's North Refineries Company (NRC) has added to its existing Tadano fleet with the delivery of three new Tadano GR-300EX-3 model cranes. NRC is based in Baji, a city of 175,000 in northern Iraq's Salahaddin Province, about 210km north of Baghdad. Founded in 1978, NRC's refinery endured significant turmoil during the Gulf […]
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 New Prime Minister Doubles Down On Oil & Gas Deals With China And Russia It is possible that U.S. Secretary of State, Antony Blinken, believed for a moment that […]
By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan positioned in prominent role in global gas markets A new report, The Kurdistan Region of Iraq's Gas-Export Potential: Deja Vu All Over Again, authored by Atlantic Council […]
