By John Lee. The South Gas Company (SGC) and Halfaya Gas Company (HGC) have signed a contract for the development and processing of gas from the Nahr Bin Umar field, with a capacity of 150 million standard cubic feet per day. Deputy Prime Minister Hayan Abdul Ghani emphasized the project's contribution to the national economy […]
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's Untapped Gas Potential: A Turning Point in Global Energy? Iraq has potentially huge gas reserves but its failure so far to properly develop them has led to three key […]
By John Lee. The Iraqi Cabinet has endorsed the Energy Ministerial Council's recommendation (No. 23093 for 2023) regarding the gas investment project in the Nahr Bin Umar field. The key points include: Recommending the exclusion of the gas investment project from Cabinet Decision No. 245 of 2019, amended by Cabinet Decision No. 23374 of 2023, […]
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has unveiled the draft of an investment project for the Nahr Bin Umar gas field in Basra Province. The project will be submitted for approval to the Ministerial Energy Council and later to the Cabinet. This announcement came during a meeting of the advisory body to […]
By John Lee. Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil has announced plans to increase gas production from the Siba Gas Field in Basra to 100 million cubic feet per day. Currently, the field produces 50-60 million cubic feet daily, and the goal is to double that output. During a recent […]
By John Lee. The Iraqi Ministry of Oil reiterated its commitment to executing strategic gas development and investment projects. During a leadership meeting on gas projects held on Sunday at the ministry's headquarters, Deputy Minister for Gas Affairs, Azat Saber, emphasized the importance of accelerating new projects through national efforts and international collaboration, particularly in […]
By Charles Kennedy 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 Discusses Natural Gas Investments With U.S. Firms Iraq's Prime Minister Mohammed Shiaa al-Sudani is meeting this week in New York with representatives of dozens of U.S. energy companies to […]
By John Lee. UAE-based Dana Gas said on Wednesday that its Pearl Petroleum subsidiary recently received $101 million payments from the Kurdistan Regional Government (KRG). However, the shares were trading down approximately 1 percent, as overall revenues and profits saw a decline. Full statement from Dana Gas: Highlights - H1 2023 KRI production increased by […]
By Irina Slav 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 Inks Long-Awaited $27 Billion Energy Deal With TotalEnergies The government of Iraq and TotalEnergies have signed a long-awaited deal worth $27 billion that should see Iraq's oil production grow […]
By John Lee. The Iraqi Ministry of Oil has signed four contracts, reportedly worth a total of $27 billion, with the French company TotalEnergies. The contracts cover a range of projects, including the development of the Ratawi [sometimes called Artawi] oil field, the construction of a 1GW solar power plant, and the transportation of seawater […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani has opened the first phase of the natural gas liquefaction plant project at Rumaila oil field. The project aims to utilize associated gas, and has a capacity of 200 million cubic feet per day in the first phase. By the end of this year, the project's […]
By John Lee. Iraq's Ministry of Oil has issued a "clarification" on its previous statement regarding involvement of Saudi Aramco in the Akkas field in Basra. On Thursday, the Ministry originally stated that it had an agreement with Saudi Aramco to invest in the field. Later in the day, it issued a clarification, saying that […]
