Petronor Launches Phase 2 of Iraq Energy City (IEC)
By John Lee. Petronor, the Dubai-based international services company, is launching the second phase of Iraq Energy City (IEC), fully equipped international community in Basra, catering to the oil and gas industry. Located 20 minutes from Basra International Airport, IEC offers accommodation and commercial real estate to international companies looking to enter the Iraq market, according […]
Genel Energy Interim Management Statement
Genel Energy has issued its Interim Management Statement for the period from 1 July 2012 to 31 October 2012. Highlights 2012 production guidance increased to c45,000 bopd following the resumption of export sales in August. Sales revenue guidance for 2012 remains unchanged at c $250 - 300 million Following the resumption of exports in August, […]
A Subtle Warning from Eni
By John Lee. Paolo Scaroni, the CEO of Italian oil and gas company Eni, spoke out on Wednesday to complain about the difficulties of doing business in Iraq. "Our adrenaline rush now is not what it was when we entered Iraq", he said ,"[it's] more complex than we first thought." On one hand, we could […]
Eni Consortium to Invest $18bn in Zubair
The CEO of Italian oil and gas company Eni, Paolo Scaroni (pictured), said he expects the consortium led by Eni to invest $18 billion in the Zubair oilfield. He added that the group, which includes Occidental Petroleum Corp and South Korea's KOGAS, has already invested 4-5 billion euros in the project. Production at the field is […]
Alderley FZE Wins Major Contracts in Iraq
Alderley FZE, a subsidiary of Alderley plc, has recently secured contracts for two crude oil metering systems in Iraq. The contracts for both projects were issued by Petrofac, the international oil and gas facilities service provider, for the new Early Production System (EPS) for the Majnoon field in southern Iraq and for the first phase […]
WesternZagros Confirms Oil in Eocene Reservoir at Kurdamir-2
By John Lee. WesternZagros Resources has successfully completed its testing program in the Eocene reservoir, the second of three target intervals in the Kurdamir-2 exploration well in the Kurdistan Region of Iraq. The testing proved an oil discovery in the naturally fractured limestones of the Eocene Formation. This adds to the previously announced major discovery […]
Iraq Agro-Food 2012 Exhibition, 26-29 Nov, Erbil
Advertising Feature The 5th International Exhibition for Agriculture, Food, Food Processing and Packaging, Iraq Agro-Food 2012, is the ideal platform for the suppliers of Iraq’s main agricultural and nutritional needs. Organized by International Fairs & Promotions (IFP) Iraq, under the auspices of the Iraqi Ministry of Agriculture and the Ministry of Agriculture and Water Resources […]
Weekly Security Update
By Gary Sandiford, Olive Group’s Dubai based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a […]
WesternZagros Suspends Shares Pending Kurdamir Results
By John Lee. WesternZagros Resources has temporarily halted its shares from trading while it prepares a news release with results from the recent casedhole testing of the Eocene Reservoir, the secondary target of the multi-stacked reservoirs drilled by the Kurdamir-2 well in the Kurdistan Region of Iraq. The release will provide the full context around […]
Sterling Energy Presentation
By John Lee. Sterling Energy has presented today at the 9th Africa Independents Forum 2012, which forms part of the 19th Africa Oil Week conference, an annual event held in Cape Town. The please click on the following pages to see information on the company's operations in Iraqi Kurdistan:
Iranian Group to Invest in Basra
By John Lee. A group of Iranian companies has announced its intention to invest in the industrial and oil sectors in Basra. The Basra Investment Commission says that $310 million dollars will be invested. The Iranian group's representative, Hussein Binae, siad the group will spend $60 million on a factory to make cables and electric […]
An International Energy Event in The Heart of Baghdad
Advertising Feature The Iraq Energy Forum (IEF) will be held in Baghdad, at the Al Rasheed Hotel on 12 December 2012. This is an initiative founded and hosted by the Iraq Energy Institute (IEI), the official advisor to the Federal Parliament of Iraq on energy policies. Iraq Energy Forum is taking place at a time […]