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

Kurdistan Gas Dispute - German Govt Staying Clear

The German government has refused to be drawn into the row over RWE's new gas agreement with the Kustdistan Regional Government. The Iraqi oil ministry has said the agreement is illegal because the country's oil and gas are federal resources to be administered centrally. Asked about the dispute, a spokesman for the German economy ministry […]

German Gas Contract Sparks New Row

We reported yesterday on the new gas deal between the Kurdistan Regional Government and the German giant RWE.  Today, a new row has broken out between Erbil and Baghdad regarding the legality of Kurdish oil and gas contracts. Aswat al-Iraq reports that the Iraqi Oil Ministry, through the State Organization for Marketing Oil (SOMO), claimed […]

Gas Fields Bidding - Iraq Readies Contracts

Iraq, site of the world’s third-largest oil reserves, will hold a third bidding round for gas fields which will take place on October 1, an Oil Ministry official has confirmed, according to a report from Bloomberg. “Definitive model contracts and final tender protocols will be ready on September 10, and the bidding process will be […]

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$4m of Gas Wasted Daily in Basra

A senior official at Shell  said that Iraq is losing $50 dollars per second, more than $4 million a day, as a result of flaring the gas associated with oil production in the province of Basra. The company's Vice-President for the Middle East and North Africa, Mounir Bouaziz, reportedly said his company was currently awaiting […]

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Minister Opens Al-Rasheed, Al-Dibs Gas Stations

Kareem Waheed, minister of Electricity has inaugurated  the reopening of Al-Rasheed, Al-Dibs gas stations which will supply about 65 mega watts of power to Kerkok province. A statement showed that these two stations were working in the 80's and had stopped. Today, their production is 31 mega watts. The project will be managed by an […]

Exxon Mobil, Shell Take a Calculated Risk

A consortium led by Exxon Mobil and Royal Dutch Shell on 25 January signed a contract with the Iraqi government to redevelop and expand the West Qurna field – one of Iraq’s biggest oil fields. The Exxon team said it would boost production at the field to 2.325 million barrels a day, up from just […]

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