By John Lee. The Ministry of Oil plans to increase the production of liquefied petroleum gas (LPG) at the Basra Gas Company (BGC) to more than 8,000 tonnes per day in the coming years. Speaking at the LPG Forum organised by the BGC, Izzat Saber Ismail, Deputy Oil Minister for Gas Affairs, said that this […]
By John Lee. Irish-based Petrel Resources last week issued unaudited preliminary results for the year ending 31 December 2024. The company, which announced a fundraising in March, said that it has submitted a proposal to undertake contractor obligations on a relinquished block from Iraq's 4th Bid Round, and has also prepared an updated development plan […]
By John Lee. Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. CEO Jon Harris reported strong performance so far this year, with gross average production of approximately 44,900 barrels of oil per day (bopd) supported by […]
By John Lee. Iraq's Minister of Electricity, Ziyad Ali Fadhil, met with UK Ambassador Irfan Siddiq and a high-level delegation to discuss British companies' role in implementing solar energy projects and reaffirm Iraq's commitment to the Paris Climate Agreement. The delegation included Lara Hampshire, UK Director of Trade in Iraq, and Yasmin Khan, Director of […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced that Baghdad-based conference and business consultancy provider EMAAL has joined as a member. According to a statement from the IBBC, the business is owned and run by Dr Ali Mahjob (pictured), who previously started the Iraq24 TV station, which focuses on business. EMAAL will […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, officially launched the construction of the Diwan Factory Project in Babil Governorate on Wednesday. The strategic initiative by local company Etihad Group will produce electrical transformers, cables, and smart meters. The project, with a total budget of $300 million [approx. 393 billion IQD], is being built […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated Etihad Group's new flour mill in Al-Madhatiya [Medhatiah, Madhatiya], in Babil Governorate, which produces one million tonnes of premium-grade flour annually. The project was initiated 11 months ago when the Prime Minister laid the foundation stone. He toured the facility and praised the variety and […]
By John Lee. The Erbil branch of the Central Bank of Iraq (CBI) held a training workshop on "National and Sectoral Risk Assessment Procedures" in collaboration with the CBI's Banking Studies Centre and the Office of the Compliance Monitor. The event brought together representatives from private banks, non-banking financial institutions, and electronic payment companies operating […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting of the Industrial Coordination Council on Monday, in the presence of Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdulghani Al-Sawad, along with several ministers, advisors, business leaders, and representatives of local and foreign companies partnering with the private sector. The […]
By John Lee. The Iraqi Drilling Company (IDC) is making steady progress on its project to drill 15 oil wells in the North Rumaila field, working in coordination with Halliburton and Basra Energy Company Limited (BECL). During a site visit to rig IDC 59, Khalid Abbas Ali, Head of the First Drilling and Workover Department, […]
By John Lee. China Petroleum Engineering Corporation (CPEC) has announced that its wholly owned subsidiary, China Petroleum Pipeline Engineering has received a letter of award from France's TotalEnergies for a major gas infrastructure project in Iraq. The Artawi [Ratawi] GMP EPSCC Project, commissioned by TotalEnergies, involves the construction of midstream gas pipeline facilities linking the […]
By John Lee. The Iraqi Cabinet has approved a recommendation allowing the Ministry of Oil, through the Basra Oil Company (BOC), to allocate part of the 2025 budget for the Majnoon Oil Field to fund a new infrastructure project. The initiative involves the expansion and development of core sample storage facilities at Nahr Bin Omar […]
