The Iranian Shana news agency reports that senior oil officials from Iran, Iraq and Syria have signed a trilateral deal on gas trade in Iran on Monday. The deal, reportedly worth 10 billion dollars [12 trillion Iraqi dinars] involves the construction of a 5,000-kilometer (3,100-mile) pipeline to transfer Iran’s gas from the South Pars gas […]
Tag Archives | gas
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
Gas is Vital for the Future
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. Let me start by asking a question: why is gas less talked about than oil in Iraq? I am not sure why this is the case but it does seem to […]
Iran to Pipe Gas Through Iraq and Syria
The energy ministers of Iraq, Iran and Syria will sign a contract for transporting Iranian gas to the Middle East and Europe, an Iranian official said on Tuesday. Javad Oji, Iran's deputy oil minister, told the Iranian news agency Mehr that senior officials from the three countries met in Baghdad last week to discuss the […]
Shell Boss Expects Iraqi Gas Deal 'Soon'
Oil giant Shell hopes its plan to use the huge amount of associated gas expected to come from Iraq's oil output growth over the next decade will be approved soon, the company's chief executive Peter Voser said on Tuesday According to the report from Reuters, he did not clarify what he meant by 'soon'. "We […]
Mitsubishi May Build Floating LNG Plant Off Iraq
Mitsubishi and Royal Dutch Shell (LSE: RDSA) are in talks with Iraq on a possible project to build a natural gas processing plant, with Mitsubishi planning a floating liquefied natural gas (LNG) plant to export some of the gas, according to the Wall Street Journal. The remaining natural gas will be used in the domestic […]
Iran to Pipe Gas Via Iraq to Syria
Iran has signed a preliminary agreement to build a natural-gas pipeline to export the fuel to Syria through Iraq, the Syrian Arab National Agency has reported. The accord, signed on Thursday during Iranian Oil Minister Masoud Mir-Kazemi's visit to Syria, also provided for further cooperation in the construction of an oil refinery in Syria with […]
Japan Insures Mitsubishi's Iraqi Gas Project
Bloomberg, quoting the Nikkei newspaper, says Mitsubishi's gas project in Iraq will receive long-term trade credit insurance from Japan's state-backed Nippon Export and Investment Insurance. According to the report, this is the first time in 21 years that Japan has provided this facility for a venture in the Middle East. The company will insure Mitsubishi’s […]
Tags: gas, Insurance, Japan, Mitsubishi, Nippon Export and Investment Insurance, Shell, South Gas Company
Trade with Turkey Triples
Committees don't just sit around in Iraq. On 19th October the Iraqi government created a committee to increase business and economic relations with Turkey. Now, a member of the committee has said that the two countries are going to increase commercial exchange up to $12bn in 2011, reports AKNews. This is a more than three-fold increase on previous […]
Kurds Want To Manage Oil Independently
Kurdistan's Prime Minister, Barham Salih, asserted that Kurdistan has had a successful oil policy and that any prospective government must allow the region to manage its own oil autonomously, according to a report from Rudaw. Due to the policy under which the Kurdistan Regional Government (KRG) has signed dozens of contracts with foreign companies independently […]
Tags: gas, Kurdistan News
Iraq Likely to Sign Shell Gas Deal by End of 2010
Iraq is meeting with Royal Shell Dutch to finalise a draft of a $12 billion deal to develop a gas-structure project in southern Iraq, and may sign a deal by the end of this year, a senior Iraqi oil official told Dow Jones Newswires on Tuesday. "There is a meeting being held in Basra to […]
Winners of Gas-Field Contracts Announced - Full Details
Iraq has awarded three of its established gas fields to foreign consortia in the third stage of an energy sell-off, as the country races to supply gas to local power plants and to export markets. The three fields, in the south, centre and far west of Iraq were sold at or slightly below the price […]
Tags: 3rd round oil licences, Akkas, Al-Mansouriah, gas, Kazakhstan, KazMunaiGas, KOGAS Iraq News, korea, Korean Gas Corporation, Kuwait, Kuwait Energy, Mansouriya, Mansuria, Mansuriyah, Siba, TPAO, Turkey
Will Anbar Prevent Akkas Gas Deal?
As Iraq reports the results of its recent gas auctions, the western province of Anbar is demanding more control over its potentially huge energy reserves, including the vast desert province’s Akkas reservoir. According to Reuters, Anbar’s government last week rejected Baghdad’s plan for the auction due to the possibility that surplus gas will be exported. […]