The latest Gas & Oil Security News – Iraq gas reserves, security analysis, flaring, Shell, Maysan, Basrah, Kurdistan, Baghdad and more – brought to you by Iraq Business News
By Michael Kern, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq […]
By John Lee. The first phase of the accelerated associated gas investment project at the Nahr Bin Umar Oil Field has been inaugurated, with the aim of boosting associated gas utilisation and supporting Iraq's energy supply. The project involves the laying of a 5-kilometre pipeline with a 20-inch diameter to connect the gas network. Its […]
By John Lee. The accelerated gas investment project at the Nahr Bin Omar field is scheduled to enter operational service by the end of April, according to Iraq's Ministry of Oil. The project, part of efforts to increase utilisation of associated gas and reduce flaring, will deliver additional supplies of dry gas, liquefied petroleum gas […]
By John Lee. A Chinese company has reportedly won a contract to build a natural gas liquids (NGL) plant in Basra. According to Xinhua, China's Petroleum Engineering and Construction Corporation (CPECC) signed the contract on Wednesday with Iraq's Basra Gas Company (BGC). As a result of the new plant, BGC will increase its gas production […]
By Robert Tollast. Iran will be supplying an extra 10 million cubic metres of gas per day to Iraq under a modification of a deal that originally allowed for 25 million cubic metres per day. This is a continuation of a deal in 2013 where Iran would supply gas to Iraqi power plants, Tasnim news agency reports. […]
By John Lee. The Iranian Fars News Agency has reported that construction of Iran-Iraq gas pipeline, which runs to the Al-Mansoureh power plant in Iraq, is now complete. A source told the news agency that supply of Iranian gas along the 48-inches-diameter pipeline should have started already but has been delayed due to the unrest […]
By John Lee. Gas from the South Pars field in Iran could be supplying power stations in the province of Basra within a year, reports UPI. A pipeline currently under construction will run from Asaluyeh to Iraq's southern city of 2 million people, and may later extend to Syria, depending on conditions "after the war" according […]
By John Lee. Tehran Times reports that Iraq is set to sign a new contract covering gas imports from Iran. Deputy prime minister Hussain al-Shahristani (pictured) said a gas pipeline being built between Iran and Iraq could become operational in November. The countries signed a four-year agreement in July for the supply of 850,000 Mcf/d of […]
By John Lee. Daewoo Engineering and Construction has won a $709-million contract to upgrade the Akkas gas field in Anbar province, near the Syrian border, the Iraqi cabinet secretary announced. The South Korean company will provide engineering, procurement, construction and commissioning of a central processing facility in the field. Construction of the new facility is […]
By John Lee. A spokesman for the Electricity Ministry, Musab al-Mudaris, confirmed on Tuesday that Iraq has signed a deal with Iran to import natural gas for power generation. Associated Press reports that under the four-year deal, Iraq buy 850 million cubic feet a day of gas at international market prices, but UPI says no […]
By John Lee. Iranian deputy oil minister Javad Owji [Ouji, Oji] (pictured) says the country’s revenues from the planned export of natural gas to Iraq will reach $1.5-$2 million a day. According to a report from PressTV, he went on to say that Iran will start delivering gas to its western neighbour within three months. […]
By John Lee. Iraq's Oil Ministry has unveiled its five-year plan for the development of the country’s natural gas riches. Azzaman reports that the plan calls for production of five million cubic meters of gas by the end of the five-year period, with new exploratory blocks up for grabs. An oil ministry spokesman said that […]
