Iraq Oil Projections Adjusted Down
Iraq will cut its 'overambitious' oil targets, the oil minister, Abdul-Kareem Luaibi [Elaibi] said on Tuesday. AKnews reports that the country had planned to up output to 12 million barrels per day (bpd) by 2017, but now aims for 8 million bpd within 13 or 14 years. Independent experts had challenged the ability of Iraq’s […]
Maliki Appoints New Boss to Trade Bank of Iraq
Iraq's Prime Minister, Nuri al-Maliki, has appointed Hamida al-Jaf as head of the state-owned Trade Bank of Iraq, replacing Hussein al-Uzri amid investigations into alleged corruption, the bank’s deputy director general said. “The Trade Bank of Iraq is operating normally and people have confidence in the bank,” Deputy Director General Abdel Hadi Sadeq Abdel Mahdi […]
The Future of Oil in the Middle East and North Africa
On Wednesday 22nd June, the Middle East Association will be holding a Breakfast Briefing on ‘The Future of Oil in the Middle East and North Africa’ at Bury House, the first event of our Energy Series. As recent events have demonstrated, oil remains hugely important to the economies of the MENA region, and its impact […]
SCOP Announces Two Supply Tenders
The Oil Projects Company SCOP announces two new supply tenders: - Supply Instrumentation (MOV S , Pressure gauge , cables & junction boxes) for second srtategic pipe line from KP441 TO K3 pumping station. Tenders documents may be collected (by an authorized representative of the tender) at SCOP's headquarter in Baghdad against the payment of […]
WesternZagros Tests Completed - Large Oil Discovery Confirmed
WesternZagros Resources has announced that it has successfully completed the initial testing of the oil discovery made in the Jeribe Formation of the Sarqala-1 well. The Company tested the well at rates up to 9,444 barrels per day of 40 degrees API oil. This rate was reached after flowing and stabilizing the well at progressively […]
Debate Continues on Legality of Kurdistan's Petroleum Contracts
By Thomas W. Donovan, Managing Partner at Iraq Law Alliance, PLLC. Introduction Several recent events have prompted a return to the lingering debate over the legality of the production sharing contracts entered into by and between the semi-autonomous Kurdistan Regional Government (KRG) and around 35 private international companies over the past few years. The KRG, […]
Japanese Companies Target Basra
Japan is to launch an investment offensive in Iraq, starting with the southern city of Basra, the Japanese ambassador to Iraq said on Tuesday, according to a report from AKnews. Speaking at the conclusion of the Japanese investment conference at the Basra International Hotel ("Sheraton"), Mitsuo Sakaba said numerous Japanese companies are looking to get […]
Britain Appoints New Ambassador to Iraq
Mr Michael Aron has been appointed Her Majesty's Ambassador to the Republic of Iraq. He will succeed Mr John Jenkins CMG LVO who has transferred to another Diplomatic Service appointment. Mr Aron will take up his appointment with immediate effect. Mr Aron joined the FCO in 1984 and served at the British Embassies in Brasilia […]
More Tenders From MRC
Midland Refineries announces the below tenders: -Complete Centrifugal Pump W/Turbine and Base Plate - Lap Master For Lapping Machine For Mechanical SCAL - Lab Equipment - Amphibious Machines - High Reach Rough Terrain Rotating Telehandler -Lab Equipment -Desludging Tank -Bulldozer -Self Propelled Articulating & Telescopic Booms (z-type) -Self Propelled Scissor Lifts Closing Date: 5/7/2011
MRC Announces New Tenders
Midland Refinery Company announces new tenders: - Spare For Steam De Super Heater - Spare Parts For Burner of F-101,201,301,302,501 & 601 - Spare Parts for Burners of Power Former no 2 - Spare for Pumps The Company must submit a covenant enclosed with the technical offer that they have submitted otherwise the offer should be […]
Midland Refineries Co Announces New Spare Part Tenders
Midland Refineries Co announces the following tenders: - Spare Part For Pump -Spares for Centrifugal Compressor - Spare Part - Spare Part - Spare Part for Centrifugal Air Fan Item K-11 New Boiler - Spare Part for Hitachi Pump Type : GM-CH S/NI-766610171-354 - Spare Part For Pump , Type :3 HNN-122 & 153 Please […]
DNO Updates on Kurdistan Operations
Norwegian oil producer DNO issued a report today (Monday) on the status on its activities in Kurdistan Region of Iraq. Summail-1 exploration well update The Summail-1 exploration well was spudded on 19 April 2011. The well has now been drilled ca. 25 meters into the Cretaceous interval and hydrocarbon shows were detected while drilling. An […]