By John Lee. The Iraqi Ministry of Oil has signed a contract to develop the Mansuriya gas field in Diyala province. The contract, awarded to a consortium of China's Jereh (represented by Mr. Li Weibin, the managing director of Jera), and Petro Iraq, aims to increase gas production by 300 million cubic feet per day. […]
By John Lee. The China National Offshore Oil Corporation (CNOOC) has announced that its wholly owned subsidiary, CNOOC Africa Holding Ltd., has entered into the Exploration, Development & Production Contract (EDPC) with Iraq's state-owned Midland Oil Company for Block 7. It says the block is mainly located in Diwaniyah governorate, and covers an area of […]
By John Lee. Iraq's Ministry of Oil has finalised contracts for the "fifth-plus" and sixth oil licensing rounds with the successful companies. Minister Abdul Ghani highlighted that these agreements, which cover the development of oil and gas fields and exploration blocks across several provinces, are poised to boost Iraq's production capacity by 800-850 million standard […]
By Yerevan Saeed and Sardar Aziz for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China's Rise in Iraq's Energy Sector: From Newcomer to Dominant Player While Iraqi leaders consistently emphasize the importance of Western investment […]
By Muhammed Abed Mazeel al-Aboudi for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Analyzing the Successes and Failures of Iraq's 5th plus and 6th Oil and Gas Bid Rounds For the sake of the Iraqi labor […]
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, announced plans to open 10 gas exploration blocks for investment in a new licensing round. According to the state-run Iraqi News Agency (INA), Abdul Ghani revealed that the ministry will present these opportunities to specialized companies during an upcoming visit to the United States, targeting global […]
By John Lee. Iraq's cabinet has approved contracts for the new energy licensing rounds. A statement from the Prime Ministers Office said: "In the oil sector, following the government's strategy to develop oil wealth investment, the Council approved the contracts of the Fifth Supplementary Licensing Round and the Sixth Licensing Round, totaling 14 projects for […]
By John Lee. Iraq's Ministry of Oil, led by Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, has signed 13 initial contracts with companies to develop oil fields and exploration blocks as part of the supplementary fifth and sixth licensing rounds. The deals are expected to add 750,000 barrels per day […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and China Strengthen Ties With Major Development Initiative A series of high-level meetings took place last week between senior Iraqi and Chinese officials to finalize the details of the […]
By Kate Dourian for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese Firms Snag Iraqi Oil and Gas Blocks Chinese investors are less risk averse than their Western counterparts, hence their strong showing in the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China dominates bidding for Iraqi energy as US firms stay out Held on the back of Iraqi Prime Minister Muhammad Shia' Al-Sudani's recent landmark visit to the US, a new round of bidding […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Tightens Its Grip On Iraq With Major Successes in Licensing Rounds With this new slew of oil and gas license awards, it may be that China has ultimately got […]
