By John Lee. South Korea's Hyundai Livart has reportedly won a contract worth KRW 117.8 billion [$80 million] to build worker accommodation, offices and other infrastructure at Iraq's Common Seawater Supply Project (CSSP) in Basra. According to Maeil Business Newspaper, Hyundai Livart secured the contract through a competitive bidding process against several Middle Eastern construction firms. […]
By John Lee. As part of its measures to address water scarcity, the Iraqi government has approved the award of the Common Seawater Supply Project (CSSP-ITT-05) tender for the Artawi [Ratawi] oil field to Hyundai Engineering & Construction of South Korea. The contract covers engineering, procurement, supply, construction, commissioning, and operation (EPSCC) of the seawater […]
By John Lee. China Petroleum Engineering Co. (CPECC) has announced that its wholly-owned subsidiary, China Petroleum Pipeline Engineering Co. (CPPE) has been awarded a major contract by Iraq's Basra Oil Company (BOC) for the Basra Province Seawater Transmission Pipeline EPC Project. The project, valued at $2.524 billion, includes the construction of trunk and branch pipelines […]
By John Lee. To meet the requirements of the strategic Common Seawater Supply Project (CSSP), the Ministerial Council for Energy has approved recommendation (24054 T) for 2024, as follows: Exemption of the CSSP and its consultancy tender with the Austrian firm ILF Consulting from the contracting methods stipulated in the Government Contracting Execution Instructions (2 […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Looks To Finish Phase 1 of CSSP Oil Megaproject by 2028 On the face of it, there is no good reason why Iraq cannot become one of the world's […]
By John Lee. In a meeting of the Joint Management Committee, Iraq's Oil Ministry discussed the development plan for fields and projects contracted with the French company TotalEnergies. The Deputy Minister for Extraction Affairs affirmed the ministry's commitment to implementing strategic projects with TotalEnergies and QatarEnergy. According to a statement from the Ministry, the four […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Iraq Finally Become A Global Petrochemicals Powerhouse? With its vast oil and gas resources, there is no fundamental reason why Iraq cannot become a world-class producer of high-value petrochemicals. […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Takes First Step Towards Becoming The World's Biggest Oil Producer Iraq's parliamentary oil and gas committee plans to increase the country's oil production to more than five million barrels […]
By John Lee. The Iraqi Cabinet has agreed to approve the contract for TotalEnergies' integrated gas development project with some amendments, as follows: The government's participation will be amended from 40 percent to 30 percent in accordance with Cabinet Resolutions (361 and 480 of 2021) to facilitate the signing of related agreements and resolve the […]
TotalEnergies, the Iraqi Ministries for oil and electricity, and the country's National Investment Commission (NIC) have signed, in the presence of the Prime Minister of Iraq, major agreements covering several projects in the Basra region, designed to enhance the development of Iraq's natural resources to improve the country's electricity supply. Iraq, a country rich in […]
By John Lee. The Iraqi cabinet has approved the agreement between the Ministry of Oil and French company TotalEnergies to implement four major energy projects in the country: Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include a […]
By John Lee. Iraq's Ministry of Oil has signed an agreement of principles with the French company Total for four major energy projects in the country: Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include a Central Gas […]
