Iraq picks Petrofac for $95m SPM Contract
Reuters reports that Petrofac has won a $95 million contract to carry out maintenance work for Iraq's new offshore terminals and sub-sea pipelines at the Gulf. The contract involves maintenance work to ensure there are no leakages in the pipelines or any faults at the two new single point mooring (SPM) terminals that may delay […]
Heritage Oil Starts Drilling at Miran West-4
Heritage Oil has announced that it has commenced drilling the Miran West-4 appraisal well in Kurdistan. Highlights: The Miran West-4 appraisal well has commenced drilling on the Miran Block in Kurdistan This is the fifth well to be drilled on the large Miran field and the fourth on the Western structure. The well is designed […]
Zain Iraq Invests $20m to List on Stock Market
Iraq's biggest mobile phone operator, Zain Iraq, has invested about $20 million in its efforts to list on the local stock exchange, according to a report from Reuters. Chief executive Emad Makiya told the agency: "We have invested a lot of money. We have invested over $20 million in this. We have hired lawyers, we […]
Pipe Dreams or Reality? The Real Deal Behind Turkish-Kurdish Oil Plans
In May, Turkey and Iraqi Kurdistan announced they would build pipelines taking oil and gas from Iraq into Turkey, then possibly Europe. But according to this article from NIQASH behind the energy dream, lurks a nightmare of militant Kurdish independence fighters and the spectres of energy giants, Iran and Russia. Any opinions expressed are those […]
A Smart Move by Maliki? Evoking the Stability Argument on KRG Oil Deals
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Heritage Oil Operational Update
Heritage Oil has issued the following update on operations: Highlights The Miran West-4 appraisal well will shortly commence drilling on the Miran Block in Kurdistan. It will be the third appraisal well drilled on the Western structure The well is designed to further appraise the oil potential of the Upper Cretaceous reservoir It is intended […]
Rosneft to Take Over LUKoil's West Qurna Field?
LUKoil has reportedly offered Rosneft its African and Iraqi projects in a swap for Arctic shelf cooperation. LUKoil CEO, Vagit Alekperov, said on Thursday: “We have offered them our geological prospecting assets abroad. So far, talks are underway. We have offered them a whole package. If they are interested, we’ll offer them West Africa and […]
Iraq to Buy F-16 Radar Systems from Northrop Grumman
Northrop Grumman Corporation (NYSE:NOC) has received an $87.8 million foreign military sales (FMS) contract to provide the APG-68(V)9 airborne fire control radar to Thailand, Iraq and Oman for use on F-16 fighter aircraft. The company will deliver six radar systems to the Royal Thai Air Force, 22 radar systems to the Iraqi Air Force and […]
Iraq Warns France Against Unsanctioned Oil Deals
Iraq gave a veiled warning to France's Total on Wednesday not to make deals with the KRG without the approval of central government in Baghdad, reports Reuters. Kurdistan said on Tuesday it expects more oil majors to follow Exxon in striking deals in the region; Total has already said that it was interested. Iraqi Deputy […]
Goss International Wins Iraqi Printing Order
The Al-Wifaq Printing Company of Iraq has signed an order with Goss International at the drupa trade show in Düsseldorf for two new 16-page M-600 web presses. The investment is part of the company’s drive to modernize and innovate in ensuring the highest commercial print quality in Iraq. According to representatives of Al-Wifaq Printing Company, […]
Emirates to Launch Passenger Flights to Erbil
Emirates, one of the world's fastest growing airlines, will launch a new passenger destination in Iraq this August with the commencement of flights to Erbil, its third Iraqi destination after Basra and Baghdad. Starting from 12th August 2012, the capital of Iraqi Kurdistan will be the carrier's 17th passenger destination in the Middle East. The […]
Installation of Lukoil Decision Support Center
Lukoil Mid-East Limited, a designated operator for the West Qurna (Phase 2) contract Area in the Republic of Iraq is developing the West Qurna 2 oil field under the development and production service contract signed with the South Oil Company of the Iraqi Ministry of Oil. Legal entities , domestic and foreign companies having experience of […]