The latest news BP Iraq – Oil, oilfields, contracts, production and more – brought to you by Iraq Business News
By John Lee. Four industry sources have told Reuters that Swiss oil trader Trafigura is still indirectly supplying gasoline to Iraq through another firm, despite being banned from participating in tenders for 2013 after buying oil from Iraqi Kurdistan. Baghdad's State Oil Marketing Organization (SOMO) finalised a deal in November to buy 1.56 million tonnes […]
The United Kingdom’s Trade Minister Lord Green met with local business leaders, British company executives, as well as the Iraq Britain Business Council representatives in Basrah today (23rd). The hour long meeting focussed on the security environment in Basrah and business opportunities for British companies in the region. Executives from IBBC member firms Mott Macdonald […]
By John Lee. Reuters has reported that BP will undertake work to arrest declining production at the Kirkuk oilfield, in a move that has outraged the Kurdistan Regional Government. Abdul Mahdy al-Ameedi, head of the oil ministry's Petroleum Contracts and Licensing Directorate (PCLD), told The Wall Street Journal that a request has been sent to […]
The Kurdistan Regional Government has issued a strongly-worded statement challenging the policy of the Federal Government and the Ministry of Oil: The Kurdistan Regional Government is proud of the achievements of its oil and gas industry since the fall of the former regime in 2003. It expects the federal government of Iraq to be proud […]
BP is said to be close to reaching a deal with Iraq to cut the final production target for the Rumaila oilfield to between 1.8 million and 2.2 million barrels per day (bpd). According to Reuters, officials from BP, the state-run South Oil Company (SOC), and the Ministry of Oil, have been in talks for […]
By John Lee. Iraq's State Oil Marketing Organisation (SOMO) has finalised a deal to buy up to 1.097 million tonnes of gasoil for delivery next year from BP and Swiss trader Vitol, according to Reuters. The company has agreed to pay a premium of $7.99 a barrel above Middle East quotes on a delivered basis, […]
Scottish-based Cresent is delivering the most significant contract in its 30-year history after signing a multi-million pound deal to supply health and safety training products for workers in Iraq’s giant Rumaila oilfield. Cresent has been awarded the contract by BP Iraq, which is operating the field in a joint venture with PetroChina and the National […]
By John Lee. Petrofac has won a further inspection, maintenance and repair contract for the Rumaila oil field in Southern Iraq with its joint venture partner, China Petroleum Engineering & Construction Corporation (CPECC). The US$229 million contract was awarded by BP Iraq NV (BP), via the Rumaila Operating Organisation (ROO), following a competitive tender. The […]
By John Lee. WorleyParsons has been awarded a $90m contract extension by BP Iraq NV, and its partners PetroChina and Iraq's State Oil Marketing Organization (SOMO), to continue providing engineering, procurement and management services to boost production from the super-giant Rumaila oilfield in Southern Iraq. In November 2009, BP and its partners entered into a […]
By Waheed Ghanim. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Basra’s farmers say the oil industry is “occupying” their land – and that the one thing the Iraqi government is forgetting in its race to get […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
