The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
AMH Group is pleased to announce it has had its proposal to build 12,000 homes for the Ministry of Transport employees in Basra and Baghdad accepted by the Minister of Transport. The project will be led by an international consortium of Chinese and British companies aimed at closing the housing shortage in Iraq, whilst providing […]
By John Lee. According to a report from Platts, the Iraqi oil ministry is about to award two management contracts to replace Shell at the Majnoon oil field. Sources say the state-run Basra Oil Company (BOC) has opted to operate the field instead of replacing Shell, and junior partner Petronas, which announced last year it […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has met with Mr Lu Ygiang, the President of the Chinese company Jinhua, and his entourage. The two parties discussed during the meeting about enforcing the bilateral cooperation and the development of East Baghdad oil field. The Minister confirmed he was keen to prepare the […]
By John Lee. Iraq Oil Report reports that the China ZhenHua Oil Company, a subsidiary of state-owned arms manufacturer Norinco, is poised to make two new investments in Iraq’s oil sector. It says the company is forming a new oil trading joint venture with the State Oil Marketing Organization (SOMO) and is negotiating the upstream […]
By John Lee. Iraq's Ministry of Oil has awarded the Al Faw [Al Fao] refinery and petrochemicals project to two Chinese companies. In a statement, the ministy named the companies as Power China and "Nerco Chinese Companies". Mr. Assim Jihad, the spokesman of the Ministry, said the refinery will have a capacity is 300,000 barrels/day. […]
By John Lee. Iraq's Petroleum Contracts and Licensing Directorate (PCLD) has announced the five additional companies have been approved to bid for Iraq's "borderline onshore & offshore exploration blocks & fields." The companies are listed as: Dana Gas (UAE) Dragon Oil (UAE) Geo-Jade Petroleum (China) Schlumberger (USA) Zarubezhneft (Russia) Eight companies had applied for approval. […]
China’s state-run Zhenhua Oil has agreed to develop the southern part of the East Baghdad oilfield. Under the agreement, Zhenhua will increase production at the field by 40,000 barrels per day above current production, and provide gas for power stations in the Baghdad area. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said that this contract […]
Advertising Feature Basra Oil, Gas & Infrastructure is held under the high patronage of the Basra Governorate, the Basra Council and Iraq’s Basra Oil Company from October 30 to 31 in Beirut, Lebanon. Government officials, project stakeholders and buyers and suppliers attend to explore the expanding energy projects in the South of Iraq. Jereh Group made […]
Baker Hughes, a GE company, has signed an agreement for the provision of turbine generators to PetroChina International Iraq, in the biggest Turbomachinery & Process Solutions (TPS) agreement ever between the two companies. BHGE will deliver its Frame 6B gas turbine electric generator trains to support power generation for the Halfaya oilfield located in the […]
By John Lee. Sources have told Reuters that China's state-run Zhenhua Oil will supply diesel (500 parts per million (ppm) sulphur) to Iraq's State Oil Marketing Organization (SOMO) through a term contract for the first time. It will supply 600,000 tonnes of the 2.37 million tonnes sought by SOMO in a tender for delivery in […]
Petrofac has been awarded a contract, valued at around US$30 million, to undertake Project Management Consultancy (PMC) services for the Halfaya Contract Area (Halfaya) in southern Iraq. Working in support of PetroChina International Iraq FZE (PetroChina), as the lead operator of Halfaya, Petrofac’s Engineering and Production Services (EPS) East business will undertake project management services […]
By John Lee. Iran's Trade Promotion Organization (TPOI) has issued data showing that five countries -- China, Iraq, UAE, South Korea and India -- accounted for 68.7 percent of Iran's total non-oil exports in the first five months of the current Iranian fiscal year (March 20-Aug. 22). Its non-oil exports (including gas condensate) fell 5 percent […]
