By John Lee. Zubair oilfield has reportedly reached a production level of 500,000 barrels of crude oil per day (bpd). According to Business Korea, Kogas made the announcement on Thursday, adding that its "second-stage goal" is 700,000 bpd. The project is being developed by Eni (32.81%), Kogas (18.75%), Maysan Oil Company (25%), and South Oil […]
The Iraqi Foreign Ministry has signed a Memorandum of Understanding with the General Secretariat of the League of Arab States, which includes exempting Iraq from 75% of its debts within the support funds provided to Arab countries, scheduling the remaining amount and paying for its contributions to the budget of the General Secretariat of the […]
By John Lee. Russia's Stroytransgaz has signed a preliminary contract for the exploration, development and production of Block 17, in Anbar province. At a signing ceremony in Wednesday, Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban said that preliminary studies and information indicate the existence of oil reserves ranging between 2 […]
By John Lee. Genel Energy has confirmed that Chevron Sarta, as operator of the Sarta field (Genel 30% working interest), has signed a contract with Dubai-based OILSERV for the construction, installation, operation and maintenance of a 20,000 bopd central processing facility ('CPF'). OILSERV has been contracted for the facility through a lease agreement. The commissioning […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Production of electrical transformers – Diala/Diyala State Company Production of solar panels – Al-Zawraa State Company (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
Iraq’s Rehabilitation Continues: Find out More at Basra Megaprojects Conference The summer months have seen Iraq continue with its quota-busting production run. According to figures from S&P Global Platts, the country added another 10,000 barrels per day in July, taking output to 4.78 million bpd, leaving it 270,000 bpd over its OPEC compliance target, due […]
On Tuesday, the Committee to Protect Journalists (CPJ) called on the Iraqi Communications and Media Committee (CMC) to reverse its three-month suspension of the U.S. government-funded Iraqi broadcaster Al-Hurra. In a statement released yesterday, Iraq’s media regulator, the Communications and Media Committee, suspended the license of Al-Hurra, a regional broadcaster funded by the U.S. Agency […]
The Iraq Britain Business Council (IBBC) was delighted to host H.E. Dr Abdullah Luaibi the Iraqi Minister of Transport in London today. The Minister, accompanied by a delegation of officials, was on a 4 day official visit to the United Kingdom organised by the Department of International Trade. His visit included meetings with IBBC Members […]
By John Lee. The United Nations has advertised new positions in Iraq: Programme Assistant, WHO - World Health Organization Technical Field Manager, Mines Advisory Group (MAG) Investigator, UNS-SPM UNITAD - United Nations Investigative Team for Accountability of Daesh/ISIL Project Manager, Cooperazione Internazionale Fondazione (COOPI) International Procurement Specialist, FAO - Food and Agriculture Organization of the […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Information Management Officer, UNOPS - United Nations Office for Project Services National Specialist - Agro-Food Processing Component. FAO - Food and Agriculture Organization of the United Nations National Specialist - Animal Fodder Production/Marketing Component, FAO - Food and Agriculture Organization of the […]
Hackasuly, the largest international hackathon in Iraq, brings the coding community together over a weekend to work in teams and turn their ideas into technological solutions on September 5th - 7th. This year, the organisers are accepting projects in three different and exciting tracks: AI & Data Science E-Society Fintech The goal is to help […]
By John Lee. South Korea's Daewoo Engineering & Construction has won a US$70.35 million order to build entrance roads for the new Al Faw Grand Port in Basra. Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the 14.5 kilometer-long road by May 2021. Earlier this year, the company […]
