By John Lee. The Ministry of Oil is to postpone a bidding round for 12 small- and medium-sized oil fields, following criticism of the plans by experts including IBN Expert Blogger Ahmed Mousa Jiyad. In a statement, the Ministry's Petroleum Contracts and Licensing Directorate (PCLD) said: "Following to the previous Ministry of Oil Announcement dated […]
Tag Archives | Indonesia
Tags: Abu Khema field, Ahmed Mousa Jiyad, Aumara, China, Crescent Petroleum, Dema field, Dragon Oil, Dujaila field, Edison, featured, Glencore, Gulfsands, Indonesia, Inpex, Italy, Itochu, Japan, Japex, JOGMEC, JX Holdings, Kifl field, Kumait field, Kuwait, Kuwait Energy, Maysan, Mergan field, Missan, Mitsui, Mubadala Oil, Noor field, PCLD, Pertamina, Petroleum Contracts and Licensing Directorate, PetroVietnam, PTTEP, Rachi field, Romania, Romgaz, Rosneft, Russia, Sindebad field, Switzerland, tenders, Thailand, Umara field, Umm Qasr, Umm Qasr field, United Arab Emirates (UAE), United Kingdom, Vietnam, West Kifl field, Zhenhua Oil
Jiyad: Min of Oil should Withdraw Plan to Offer 12 New Oilfields
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil should withdraw its plan to offer 12 new oilfields. In a rather surprise move, the Ministry of Oil (MoO) announced its “intention” to offer 12 medium and small […]
Tags: Abu Khema field, Ahmed Mousa Jiyad, Aumara, China, Common Seawater Supply Facility (CSSF), Common Seawater Supply Project (CSSP), Crescent Petroleum, Dema field, Dragon Oil, Dujaila field, Edison, featured, Glencore, Gulfsands, Indonesia, Inpex, Italy, Itochu, Japan, Japex, JOGMEC, JX Holdings, Kifl field, Kumait field, Kuwait, Kuwait Energy, Maysan, Mergan field, Missan, Mitsui, Mubadala Oil, Nassiriya Integrated Project, Noor field, oil contracts, Pertamina, PetroVietnam, PTTEP, Rachi field, Romania, Romgaz, Rosneft, Russia, Sindebad field, Switzerland, tenders, Thailand, Umara field, Umm Qasr, Umm Qasr field, United Arab Emirates (UAE), United Kingdom, Vietnam, West Kifl field, Zhenhua Oil
New Oil Development Opportunities in Iraq
By John Lee. Iraq's Ministry of Oil has requested proposals from international oil companies interestsed in developing a number of small- and medium-sized oil fields. The fields concerned are: Sindebad (Basra governorate); Umm Qasr [Um Qaser] (Basra governorate); Rachi (Basra governorate); Abu Khema (Basra governorate); Kumait (Missan governorate); Noor (Missan governorate); Umara (Missan governorate); Dema […]
Tags: Abu Khema field, Aumara, China, Crescent Petroleum, Dema field, Dragon Oil, Dujaila field, Edison, featured, Glencore, Gulfsands, Indonesia, Inpex, Italy, Itochu, Japan, Japex, JOGMEC, JX Holdings, Kifl field, Kumait field, Kuwait, Kuwait Energy, Maysan, Mergan field, Missan, Mitsui, Mubadala Oil, Noor field, Pertamina, PetroVietnam, PTTEP, Rachi field, Romania, Romgaz, Rosneft, Russia, Sindebad field, Switzerland, tenders, Thailand, Umara field, Umm Qasr, Umm Qasr field, United Arab Emirates (UAE), United Kingdom, Vietnam, West Kifl field, Zhenhua Oil
Oil Minister meets Indonesian Ambassador
By John Lee. Oil Minister Jabar Ali al-Luaibi (Allibi) met Indonesian Ambassador Banbage Intaricso and his entourage in his office on Thursday. The two parties discussed the strengthening the cooperation between the two countries in the oil an gas sector. Mr. Allibi called on Indonesian companies to participate in the sharing investment contracts in the […]
Pertamina looks to India to Process Iraqi Crude
By John Lee. According to a report from Reuters, Indonesia's state-owned energy company Pertamina hopes to seal a deal this year with an un-named Indian refiner to process around 1 million barrels of Iraqi crude oil each month. Chief Executive Dwi Soetjipto (pictured) told reporters: "It is better if we purchase the crude and then utilize […]
Iraq to Invest in Indonesian Oil Refinery
By John Lee. Iraq is to invest in the construction of a refinery in East Borneo, Indonesia. Indonesian Energy and Mines Minister, Jero Wacik (pictured), said that if construction started this year, the new refinery would start production by 2018. Platts reports that the head of the Iraqi delegation, Delman N Abdullah, said that Iraq agreed […]
Tags: Indonesia, Iraq Oil Exports News
ExxonMobil Sells Stakes in West Qurna I
By John Lee. ExxonMobil signed agreements on Thursday with PetroChina for a 25 percent participating interest in the West Qurna I project in Iraq, and with Indonesia's Pertamina for a 10 percent participating interest in West Qurna I. ExxonMobil retains 25 percent interest and remains lead contractor. The transfer has been approved by the South Oil […]
Tags: China, Exxon, Exxon Mobil, ExxonMobil, Indonesia, Pertamina, PetroChina, Shell, South Oil Company (SOC), West Qurna Oilfield News
Exxon to Sell West Qurna Stake
Reuters reports that Exxon Mobil is selling part of its stake in the West Qurna-1 oilfield to PetroChina and Indonesia's Pertamina. Oil Ministers Abdul Kareem Luaibi [Elaibi] told the news agency that 25 percent will go to PetroChina and 10 percent to Pertamina. He added that the deal would be done "maybe after two to […]
Tags: China, Exxon, Exxon Mobil, ExxonMobil, Indonesia, Pertamina, PetroChina, West Qurna Oilfield News
Iraq may Invest in Indonesian Oil Refineries
The Jakarta Post reports that Indonesia is likely to partner with Iraq to build oil refineries in Indonesia. The director general for oil and gas at Indonesia's Energy and Mineral Resources Ministry, Edy Hermantoro, is quoted as saying: "Both deputy energy ministers from the two countries have signed a memorandum of understanding [MoU] for cooperation […]
Indonesia Buys June-Dec Basra Light Crude
By John Lee. Indonesia has signed a deal with Iraq's State Oil Marketing Organization (SOMO) to buy Basra light crude in the second half of 2013. According to reports from Reuters and Jakarta Globe, Iraq is winning more customers in Asia as it is selling its crude cheaper than comparable grades, undercutting rival Saudi Arabia […]
Pertamina to Buy Stake in West Qurna?
By John Lee. Indonesia's Coordinating Minister for the Economy, Hatta Rajasa (pictured), has said Pertamina is considering taking a stake of up to 20 percent in the West Qurna-I block, which is owned by Exxon Mobil. According to a report from Fox Business, Mr. Rajasa told reporters: "Exxon has got a new oil field in […]
Indonesia's Pertamina Eyes Iraq
By John Lee. Pertamina, Indonesia’s state-owned oil and gas company, has said it is considering expanding its upstream business in Iraq. The company's investment planning and risk-management director, Afdal Bahaudin, told The Jakarta Post that the second-largest oil producer in the country would keep on searching for producing onshore oil fields available to purchase in […]