Iraq Can Double Oil Output in 10 Years
Iraqi oil output will double in the next decade, not quadruple as in initial government targets, but the country could still test Saudi Arabia's influence in OPEC, oil major Shell said on Monday. In its energy scenarios to 2050, published for the first time since 2008, Shell said Iraq was a key uncertainty in the […]
Electricity Ministry Needs $8 Billion to Pay Debts
The Electricity Ministry says it needs $8 billion [9.6 trillion Iraqi dinars] this year to pay its debts and finance current and new projects. The sum amounts to nearly 10 percent of the country’s budget, reports Azzaman. “The sum is needed to pay the ministry’s debts and finance new projects to revive the power sector,” […]
Shell Gas Venture Delayed by Legal Issues
Dow Jones reports that legal difficulties could delay the $12 billion joint venture deal with Shell and Mitsubishi capture and market natural gas from Iraq's southern oil fields, possibly for months. The deal is a joint venture with Shell holding 44% of the project, Mitsubishi 5%, and Iraqi state South Gas Co. the remaining 51%. […]
Iraqi Federal Oil and Gas Law Revisited
This work was written by Ahmed Mousa Jiyad, and it is reproduced here with his permission. It was originally published by Energy & Geopolitical Risk, Vol. 2, Nr.1, January 2011 (MEES publication. www.mees.com). Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies-CGES, London. He was formerly a senior […]
North Oil Company Tenders for Equipment
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of spares and equipment for the North Oil Company in Kirkuk. Please click on the following links to download the tender documents. The items, in the order of closing date for receipt of bids: 7th March: digital radio link and […]
North Gas Company Tenders
Iraq’s Ministry of Oil has issued a tender for the supply of spares and chemicals for the North Gas Company in Kirkuk. Please click on the following links to download the tender documents. The items, in the order of closing date for receipt of bids: 9th March (3pm): chemicals for water treatment 16th March (3pm): […]
Tender for Pumps at Samawa Depot
The Ministry of Oil’s State Company for Oil Projects has issued a tender for the supply of pumps for the Samawa depot. Please click here to download the tender document. The closing date for receipt of bids is 12:00 noon on 22nd March.
Tenders for Tank Calibration at Doura Refinery
Iraq’s Midland Refinery Company is again looking for bids for tank calibration at its Daura [Doura] refinery. The deadline for the receipt of bids is 13:00 on 15th March. Please click here to download details.
Daura Refinery Tender for Terminal Automation System
Iraq’s Midland Refineries Company is again looking for bids for the supply of a terminal automation system for its Daura [Doura] refinery. The deadline for the receipt of bids is 13:00 on 15th March. Please click here to download details.
IBN Interview: 10,000 New Houses for Diwaniya
The urgent need for housing in Iraq is clear for all to see, with one government estimate putting the demand as high as 2.5 million new units by 2015, but who are the people who will supply that demand? Iraq Business News recently had the pleasure of interviewing one of the main players in Iraq's […]
Iraq Delays Fighter-Jet Purchase to Buy Food
Iraq is delaying the purchase of 18 American fighter jets because of budget problems, and has decided to use the money to buy food for the poor instead, said the Iraqi government spokesman on Monday. Associated Press reports that Iraq, like, many Middle Eastern countries in the wake of the uprisings in Tunisia and Egypt, […]
Contracts Awarded at Badra Oilfield
Gazprom Neft has completed the tendering process for the front end engineering design (FEED) for the Badra oil field in Iraq, with the contract being awarded to French Technip, according to Penn Energy. The project preparation is expected to be completed by June 2011. The tender award decision has also been taken for the road […]