One of the most advanced water pumping facilities in Iraq has been constructed at the Rumaila oilfield to help boost oil production and support the field's long-term strategy. Cluster Pump Station Six (CPS-6) is the first CPS facility to be built at Rumaila for around 40 years. It is also the first CPS constructed by […]
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The latest news BP Iraq – Oil, oilfields, contracts, production and more – brought to you by Iraq Business News
Tags: Basra Oil Company (BOC), BP, featured, mn, PetroChina, Rumaila, Rumaila Operating Organization (ROO), State Oil Marketing Organisation (SOMO), Sulzer, water injection
Basra Energy Company established to run Rumaila Oilfield
By John Lee. The Iraqi Ministry of Oil has officially established the new Basra Energy Company (BECL), which will be the main contractor at the giant Rumaila oilfield, under a Technical Service Contract (TSC). Representing BECL at the ceremony, Zaid Elyaseri (BP) said the field will be developed to reach a peak production of 1.7 […]
Tags: Basra Energy Company (BECL), Basra Oil Company (BOC), BP, China, featured, Iraq Oil Production News, mn, PetroChina, State Oil Marketing Organization (SOMO), United Kingdom
IBBC's Autumn Conference - Open for Business Engagement
By Editor on 28th October 2021 in Agriculture, Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, Security
IBBC's Autumn conference is back with a bang and open for business engagement. On 22nd November this year the overarching conference topic is looking to the future with 'sustainability'- whether in terms of energy and renewables, the Iraqi economy and its diversification, or sustaining finance, logistics and training. Underpinning much of this is the application […]
Tags: Agri-epicentre, Basra Gas Company, BGC, BP, British Water, conferences, dubai, Emirates Credit Insurance, featured, GDS, Hydro-C, International Finance Corporation (IFC), Iraq Britain Business Council (IBBC), Martrade, Mastercard, mn, Oilserv, Professor Frank Gunter, Sardar Group, Serco, Standard Chartered, Standard Chartered Bank, Total, Trade Bank of Iraq (TBI)
Iraqi Cabinet approves BP Plan to spin off Rumaila
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 (BECL), which in turn will be owned by BP and the China National Petroleum Corporation (CNPC). According to a statement from the Ministry of […]
Tags: Basra Energy Company (BECL), 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 […]