Tag Archives | gas gathering

Gas Gathering

Iraq to launch Tender for Gas Contracts by end-June

By Padraig O'Hannelly. Iraq's Council of Ministers has resolved that the Ministry of Oil shall implement the process for awarding Supplemental Natural Gas Processing Contracts (SNGPCs) for the processing of associated gas to qualified investors through a competitive and transparent bidding process that adheres to best international standards. The SNGPCs will provide that investors will […]

Important Oil Projects -- Dubious, Non-Transparent Contracts

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Developing Border Oilields and Utilizing Associated Natural Gas: Important Projects, Dubious and Non-Transparent Contracts Information from and about the Ministry of Oil has been published and circulated extensively, in the last few […]

Iraq to Invest in Associated Gas

By Nassir al-Hassoub for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The official spokesman for the Iraqi Oil Ministry, Assem Jihad, announced that the licensing contracts with international oil companies bound them to formulate systems to invest in associated petroleum gas, stressing that […]

Shell Signs $17bn Iraqi Gas Deal

Shell, Mitsubishi and the Iraqi government have finally signed the $17.2 billion deal on Sunday to capture flared gas at Iraq's southern oilfields. The 25-year project is intended to boost production of badly needed electricity and reduce the environmental damage caused by flaring, as well as opening up the possibility of gas exports. It will harness […]

Shell Gas Deal Awaits Cabinet Approval

The contract for the giant Shell/Mitsubishi project to capture gas from Iraq's southern oilfields has taken a step closer to completion. Government Spokesman Dr Ali al-Dabbagh told Iraq Business News that Shell has agreed to the changes required by the oil ministry, and that the contract is now awaiting approval by Iraq's Cabinet. The project […]

Shell/Mitsubishi Gas Deal Delayed Again

Iraq's Energy Commission announced on Monday that it has decided to postpone its meeting to discuss the Shell gas contract until next week, further delaying the long-overdue signing. AKnews reports that the commission, headed by Deputy Prime Minister Hussein al-Shahristani, announced last Wednesday that it would discuss the contract to develop and exploit the gas […]

Shell-BGC Contracts: Inked but not yet approved!

Ahmed Mousa Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES). He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN. He is […]

Shell 'Ready to Start' $12.5bn Gas Capture Project

Shell and Mitsubishi are preparing to begin a delayed $12.5 billion natural-gas project in Iraq, according to a report from Bloomberg. Vice president and country chairman Hans Nijkamp said in an interview published on the website of Energy Exchange, organizer of an Iraqi energy conference to be held in Istanbul in September: “Shell and Mitsubishi […]

Iraq Gives Shell Deadline for Gas Deal

Iraq has warned Shell that it needs to finalise a $12 billion [14.4 trillion Iraqi dinar] gas deal by next week or it would cancel negotiations over the agreement, the country's deputy oil minister, Ahmed al-Shamma, said on Monday. "We warned Shell that either we finalise... the deal next week or we will cancel everything", […]