By John Lee. The Iraqi cabinet has approved a plan to restructure the ownership of the giant Rumaila oilfield. The field will be taken over by the newly-created Basra Energy Company (BEC), which in turn will be owned by BP and the China National Petroleum Corporation (CNPC). According to a statement from the Ministry of […]
Tag Archives | BP
The latest news BP Iraq – Oil, oilfields, contracts, production and more – brought to you by Iraq Business News
Tags: Basra Energy Company (BEC), BP, China, China National Petroleum Corporation (CNPC), CNPC, featured, mn, PetroChina, United Kingdom
IOC's Strategic Positioning in Iraqi Upstream Petroleum
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IOC's Strategic Positioning in Iraq Upstream Petroleum Much talk have been circulating recently on "Big Oil" abandoning Iraq upstream petroleum projects after they rushed into the country many years ago. How much […]
Tags: Ahmed Mousa Jiyad, al-Ahdab, Badra, Bashneft, Basra Gas Company, BGC, Block 10, BP, China, China National Petroleum Corporation (CNPC), CNOOC News, CPECC, Eridu field, Exxon, Exxon Mobil, ExxonMobil, featured, Garraf, Gazprom, Gharraf, Inpex, Itochu, Japex, Majnoon, mn, Nibras, Occidental Petroleum, oil contracts, Rosneft, Russia, Shell, SINOPEC, Total, TotalEnergies, United States, Zhenhua Oil, Zubair
China to Snap Up Iraqi Oil Assets?
By John Lee. Both BP and Lukoil are reported to be considering quitting upstream oil operations in Iraq. Reuters quotes Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail, as making the comments during a parliamentary session last week. Last month, BP was said to be planning to spin off its Iraqi operations in Iraq into a separate […]
BP to Spin Off Iraq Operations?
By John Lee. UK-based BP is reportedly considering a plan to spin off its operations in Iraq into a separate company. According to Dow Jones, the new company would be jointly owned by the China National Petroleum Corporation (CNPC), BP's partner in the giant Rumaila project. More here. (Source: Dow Jones)
New Contracts for Iraqi Drilling Company (IDC)
By John Lee. The Iraqi Drilling Company (IDC) has announced its intention to conclude contracts with Chinese and American companies operating in Iraq to drill and rehabilitate dozens of oil wells in the country. The company indicated it is about to start drilling 20 wells in the Nasiriyah field in Dhi Qar, which are included […]
Tags: Basra Oil Company (BOC), BP, Central Oil Company, China, Dhi Qar, Dhi Qar Oil Company (DQOC), drilling, East Baghdad, ENI, featured, Iraqi Drilling Company (IDC), Italy, Kirkuk Oilfields, Majnoon, Maysan Oil Company (MOC), Missan Oil Company (MOC), mn, Nasiriyah, North Oil Company (NOC), United States, Zubair
MASIL facilitates Successful Visit of Pope to Iraq
Al Burhan and Menzies MASIL form new joint venture and celebrate a successful Pope's visit to Iraq Al Burhan Group along with Menzies Aviation, have formed a new venture - MASIL. Working together on the logistics of the visit of Pope Francis to Baghdad international airport at the start of the first papal visit to […]
Tags: Al Burhan Group, Baghdad International Airport, BP, featured, Menzies Aviation, mn, The United Iraqi Company for Airports and Ground Handling Services Limited (MASIL)
Iraq plans 20GW Solar Power by 2030
By John Lee. Iraq's Minister of Oil has his Ministry's goal is to support the Ministry of Electricity to have 20 gigawatts of solar energy capacity installed by 2030. In a promotional video issued by the Government of Iraq, Ihsan Abdul Jabbar added that the recently-announced partnership with French energy company Total will include the […]
IBBC hosts an Online Council Meeting
The Iraq Britain Business Council (IBBC) hosted members on-line, to discuss their annual council meeting and review its activities. The meeting was due to take place in Dubai, but due to sudden COVID restrictions it took place successfully online. Mr Zaid Elyaseri Vice President of BP Iraq and member of the IBBC Executive Committee, chaired […]
Tags: BP, featured, GDS, GulfTek, HWH Associates, Iraq British Business Council (IBBC), Khudairi, Mastercard, mn, Mutual Finance, Penspen, Serco, United Kingdom, World Bank
Successful IBBC Conference in Dubai
By Editor on 23rd November 2020 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, Politics, Security
IBBC's 5th Annual Iraq Conference in Dubai - Opportunity in Adversity The Iraq Britain Business Council (IBBC) was much praised at its conference on Thursday for pioneering in COVID-19 times by bringing together senior officials from Iraq, the UAE and the UK, prominent international and Iraqi businessmen, bankers and professional advisers as speakers and over […]
Tags: Baroness Nicholson, Basra Gateway Terminal (BGT), BP, conferences, dubai, featured, GulfTek, Iraq Britain Business Council (IBBC), Iraq Tech Ventures, Khudairi, mn, Serco, Shell, Siemens, Thinkbank, United Arab Emirates (UAE), United Kingdom, Zain, Zain Cash
Key Speakers to address Iraq Petroleum Virtual Event
Iraqi Government and Oil and Gas Industry Thought Leaders to Speak at Iraq Petroleum Virtual Event Annual Conference set to navigate the future of the oil and gas industry in Iraq Conference will include online conference sessions available live and on demand for all attendees Delegates will gain insights into the latest policy and project […]
IBBC and AMAR to hold Iraqi CSR Panel
IBBC and AMAR to hold Iraqi CSR panel with major companies on 3rd September. 'HOW COMPANIES AND COMMUNITIES CAN ALL BENEFIT FROM CSR PROGRAMMES, WITH REFERENCE TO AMAR FOUNDATION'S WORK.' The Iraq Britain Business Council (IBBC), its YEN (Young Executive Network) and AMAR Foundation, are holding an online panel to discuss CSR -- Corporate Social […]
Tags: AMAR Foundation, AMAR International Charitable Foundation, Baroness Nicholson, BP, CSR, featured, IBBC Young Executive Network, Iraq Britain Business Council (IBBC), Mastercard, mn, SKA
$115m BP payment to Iraq in 2019
By John Lee. Oil giant BP has just published details of its transactions with the Government of Iraq in 2018 in respect of the Rumaila oilfield, as part of its Report on Payments to Governments 2018. Click on image below to see in more detail: (Source: BP)