Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraq's Ministry of Oil has announced finanlised oil exports for July of 102,385,049 barrels, giving an average for the month of 3.303 million barrels per day (bpd), down from the 3.373 million bpd exported in June. The exports from the oilfields in central and southern Iraq amounted to approximately 99,965,094 barrels, while […]
By John Lee. UK-based Amarinth has reportedly delivered pumps worth £1.2 million to the West Qurna-2 expansion project. According to World Pumps, the first order was from Italy's Cannon Artes, and was for seven super duplex API 610 OH1 pumps. The second order, from SICIM (also from Italy), was for three super duplex API 610 […]
By John Lee. Mustafa Ghaleb Mokhif, the Governor of the Central Bank of Iraq (CBI) has met with the Russian Ambassador to Iraq, Elbrus Kutrashev, to discuss the payments due to Russian companies operating in Iraq. In a statement after the meeting, both parties expressed the need to find appropriate solutions to this issue. Payments […]
By John Lee. Work has begun on the project to extend the gas pipeline from the Akkas gas field to the Akkas power station, in the Qaim district of Anbar Governorate. The General Manager of the State Company for Oil Projects (SCOP), Shaker Mahmoud Khalaf, said the pipeline (pictured) will be 35 kilometers in length. […]
Writing in Oil Price, Simon Watkins argues that while Iraq's plans to increase oil production are, in broad terms, entirely realistic, the extent of Iraq's ultimately recoverable oil resources is subject to a large degree of uncertainty. Click here to read the full article.
By John Lee. DNO, the Norwegian oil and gas operator with significant operations in Iraqi Kurdistan, has released its 2021 Social Corporate Responsibility Report. Click here to download the full report. (Source: DNO)
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq agrees to provide Lebanon with fuel for another year Lebanon's fuel crisis is showing no signs of letting up, but an exchange with Iraq is keeping one source flowing. Click […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi economic capital engulfed in trash, suffers from dilapidated electricity Home to Iraq's richest oil wells, Basra should have wealth and development to rival the Emirates. Instead, the southern province is one of Iraq's […]
DNO ASA, the Norwegian oil and gas operator, today reported strong second quarter operational and financial results powered by high oil and gas prices and by solid production in its operated flagship Kurdistan Tawke license. Spurred by quarterly revenue of USD 361 million and free cash flow of USD 167 million, the Company reduced debt […]
Genel Energy notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity. Gross production at the Tawke licence averaged 106,900 bopd during the second quarter, of which Peshkabir contributed 62,300 bopd and Tawke 44,600 bopd, the latter representing the first quarterly production increase […]
Dana Gas PJSC has announced its financial results for the half year ended 30 June 2022. In the first six months of the year, the Company generated a net profit of AED 407 million ($111mm) or 5.8 fils per share, an 82% increase compared to an adjusted net profit (excluding reversal of impairment) of AED […]
Writing in Oil Price, Simon Watkins argues that any hopes held by international oil companies (IOCs) that the Baghdad-based Federal Government was just bluffing about blacklisting IOCs operating in the Iraqi Kurdistan have been dashed. Click here to read the full article.
