By John Lee. The Director General of Midland Oil Company emphasized the the company's commitment to providing a conducive investment environment for successful global companies in the fifth licensing round for the development of oil and gas fields. During an inspection visit to the Khashim Ahmer-Injana [Khasham Al-Ahmar] and Gilabat-Qumar [Kalabat] fields in Diyala province, […]
By John Lee. Iraq's Oil Minister has 'activated' three contracts with UAE-based Crescent Petroleum, as part of Iraq's fifth licensing round. The contracts are aimed at harnessing 400 million standard cubic feet of gas per day, within one and a half years, from the following development blocks: Gilabat-Qumar [Kalabat], in Diyala Khashim Ahmer-Injana [Khasham Al-Ahmar], […]
By John Lee. Iraq's Minister of Oil has invited international companies to bid to develop new oil fields, in what is being described as an annex to the Fifth Licensing Round. This round includes 13 exploration fields and sites distributed across the northern, central, and southern provinces. The announcement complements the Ministry's previous declaration in […]
By John Lee. The Iraqi Prime Minister has said that Iraq will achieve self-sufficiency in gas within three years. Speaking at the final signing ceremony of the contracts for the fifth licensing round on Tuesday, Mohammed Shia Al-Sudani said the cost of importing gas is up to 10 trillion dinars [$6.8 billion] annually. Iraq also […]
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani attended the final signing ceremony of the contracts for the fifth licensing round for border zones and fields, held on Tuesday 21st February at the headquarters of the Ministry of Oil. The Prime Minister pointed out that implementing the fifth licensing round was delayed for five […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced that the final signing of contracts for the fifth round of energy licences will take place next week. These contracts relate to the development and production of six fields and exploratory blocks in border areas, which were granted to the following companies: Development blocks: […]
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 Makes Big Moves To Secure Iraqi Oil Whilst the U.S. and its allies appear to be taking a subtle approach to advancing their remaining interests in Iraq, as hinted […]
By John Lee. Iraq's Council of Ministers has approved the recommendation of the Economic Energy Council to sign contracts for the fifth energy licensing round. According to a government statement, the fifth-round projects had been suspended for four years due to "a complaint about the correctness of the procedures." It adds that, "after this file […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Oil Licenses Rounds - Views of the Architect and the Technocrat, Ten Years On Petroleum licensing rounds, 2009-2010, are the most significant and impacting development that took place in post 2003 […]
By John Lee. Iraq has reportedly approved contracts in a fifth bidding round for gas exploration contracts. According to Reuters, the exploration deals relate to the development of fields in the eastern governate of Diyala that are expected to produce more than 750 million cubic feet of natural gas within 3 years. The contracts have […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Fifth Energy Bidding Round: Poor Management, Dubious Contracts and Bad Results - Attracted Unprecedented Opposition Prominent Iraqi oil experts and professionals drafted and endorsed a unified position’ statement (UPS) addressed to […]
By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s Fifth Licensing Round: Some Preliminary Considerations After the Auction On the morning and afternoon of April 26, 2018, I participated in a petroleum scholar workshop organized in London by the Association of […]
