Abu Dhabi National Energy Company PJSC (TAQA) has announced that its subsidiary, TAQA Atrush B.V. (TAQA Iraq), has set a new production record from the Atrush oil field in the Kurdistan Region of Iraq. For the first time since the field commenced production operations in July 2017, the total monthly production volume exceeded 1 million […]
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Tags: Abu Dhabi, Abu Dhabi National Energy Company (TAQA), Atrush, featured, Marathon, mn, ShaMaran Petroleum, Taqa, United Arab Emirates (UAE)
Atrush Block drives Production Gains at TAQA
By John Lee. Abu Dhabi National Energy Company PJSC (TAQA) has announced that the group’s oil and gas business delivered strong performance with an 11% increase in revenue, mainly driven by increased production volumes from its assets in Europe and Iraq. In its financial results and operational highlights for the six-month period ending June 30, […]
Tags: Abu Dhabi, Abu Dhabi National Energy Company (TAQA), Atrush, featured, Kurdistan News, mn, United Arab Emirates (UAE)
Trade Bank of Iraq (TBI) Expanding Abroad
By John Lee. The state-owned Trade Bank of Iraq (TBI) is reported to be planning to expand its operations in China and the Gulf. Chairman Faisal al-Haimus [al-Haimus] told Reuters that the bank want to increase revenues from retail banking and international operations from 25 percent to 30 percent by 2022. He added that it […]
Pearl Petroleum to Raise Funding for Kurdistan Investment
By John Lee. Pearl Petroleum is reportedly planning to raise additional funding for its drilling and development in Iraqi Kurdistan, According to Reuters, Patrick Allman-Ward, the chief executive of Dana Gas, which is the majority owner of Pearl Petroleum, told reporters that the funding will “comprise a mix of bank debt, a bond, Exim bank […]
Tags: Abu Dhabi, Chemchamal, Chemchemal, Crescent Petroleum, Dana Gas, drilling, featured, fundraising, Khor Mor, Kurdistan News, mn, Pearl Petroleum, United Arab Emirates (UAE)
Dana Gas gets $44m from KRG in 1H
By John Lee. Dana Gas has said it has received $43.8 million in dividends from Pearl Petroleum Company Limited for condensate and LPG sales in the Kurdistan Region of Iraq (KRI) in the first half of 2018, including a $7 million payment for the month of June. The company added that the capacity to process […]
Tags: Abu Dhabi, Abu Dhabi Securities Exchange (ADX), Dana Gas, featured, KRG, Kurdistan News, Pearl Petroleum, Sharjah, United Arab Emirates (UAE)
64,000 New Homes Planned for Al-Rashid City
By John Lee. Zawya reports that the Iraqi cabinet has asked the National Investment Commission (NIC) to go ahead with the huge Al-Rashid City project planned for Baghdad. The $10-billion development is to be carried out by Dubai’s Emaar Properties and Abu Dhabi’s Eagle Hills, and will include the building of “up to” (sic) 64,000 […]
Tags: Abu Dhabi, Al-Rashid City project, dubai, Eagle Hills, Emaar, featured, Housing, National Investment Commission (NIC), property, real estate, United Arab Emirates (UAE)
Crescent Petroleum to Increase Investment in Iraqi Gas
By John Lee. UAE-based Crescent Petroleum is reportedly planning a significant increase in its production of natural gas at its Pearl Petroleum operations in Iraq. President Badr Jafar (pictured) is quoted as saying that there will be an investment of $1 billion to boost production to 500 million cubic feet of gas per day by […]
Tags: Abu Dhabi, Austria, Crescent Petroleum, Dana Gas, featured, germany, Hungary, MOL, OMV, Pearl Petroleum, RWE, United Arab Emirates (UAE)
Atrush Production Ramping Up
By John Lee. The Abu Dhabi National Energy Company PJSC (TAQA) has confirmed that production from the Atrush Block in the Kurdistan Region of Iraq is expected to ramp up towards the 30,000-barrel-per-day project capacity (gross) in 2017. Oil production at Atrush started in July. TAQA is the operator of Atrush and has a 39.9% […]
Tags: Abu Dhabi, Abu Dhabi National Energy Company (TAQA), Atrush, featured, General Explorations Partners, Iraq Oil Production News, KRG, Kurdistan News, Marathon, ShaMaran, ShaMaran Petroleum
Atrush Production expected this Summer
By John Lee. Oil production at the Atrush block is expected to start “around late June to August“, according to a report from Rudaw. The pipeline (pictured) from the oilfield, in Kurdistan’s Duhok governorate, is reported to be nearing completion, with initial production expected to be about 30,000 bpd. The website of the Abu Dhabi National […]
Tags: Abu Dhabi, Abu Dhabi National Energy Company (TAQA), Atrush, Dohuk, featured, Kurdistan News, pipelines, ShaMaran
TAQA Changes Iraq Leadership
The Abu Dhabi National Energy Company PJSC (TAQA) has announced the appointment of AbdulKhaliq Al Ameri as acting project director TAQA Iraq with immediate effect. Mr Al Ameri, previously deputy project director TAQA Iraq, will be responsible for the development of the Atrush block in the Kurdistan region of Iraq. He will report to Saeed […]
Tags: Abu Dhabi, Abu Dhabi National Energy Company (TAQA), Atrush, featured, Kurdistan News, United Arab Emirates (UAE)
Atrush Oil Field to Start Production this year
By John Lee. In its results for the first quarter of 2016, the Abu Dhabi National Energy Company PJSC (TAQA) has said that its Atrush oil project in Iraqi Kurdistan is expected to commence oil production this year with a maximum gross capacity of 30,000 barrels per day. (Source: TAQA)
Tags: Abu Dhabi, Abu Dhabi National Energy Company (TAQA), Atrush, featured, Iraq Oil Production News, Kurdistan News, United Arab Emirates (UAE)
ShaMaran, TAQA, in Dispute over Atrush
Canadian-based ShaMaran Petroleum and TAQA, the Abu Dhabi National Energy Company, are in dispute regarding the Atrush block in Iraqi Kurdistan. In a statement to the markets on Monday, ShaMaran said that its wholly owned subsidiary, General Exploration Partners (GEP), has received a Default Notice from TAQA Atrush B.V., the Operator of the Atrush Block, […]