By John Lee. The Ministry of Industry and Minerals held an expanded meeting, chaired by Technical Deputy Juma Diwan al-Bahadli, to review the draft working paper of the Iraq-Indonesia Joint Committee. Participants discussed bilateral cooperation files across multiple sectors, and examined mechanisms for coordination between ministries and other relevant bodies. The meeting also considered proposals, […]
By John Lee. Bassem Mohammed Khudair, Undersecretary for Extraction at Iraq's Ministry of Oil, chaired a high-level meeting on Thursday to discuss the development of Exploration Block 3. Key Discussion Points: Participants: Senior officials attended, including the Directors General of the Oil Exploration Company (OEC), Midland [Middle] Oil Company (MdOC), Petroleum Contracts and Licensing Directorate […]
On September 23, Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein and Indonesian Minister of Foreign Affairs Ms. Retno Marsudi signed a mutual visa exemption agreement for diplomatic and services passport holders of both countries. The agreement aims to strengthen friendly relations and develop diplomatic cooperation between the two countries, based on the principle […]
By John Lee. Under the patronage of Oil Minister Hayyan Abdul Ghani, Basra Oil Company (BOC) organized a ceremony for the handover of the main operator role for the West Qurna 1 oilfield. The event, attended by the Ministry's Deputy for Extraction Affairs Basim Mohammed Khudair, marked the transfer of management responsibilities to China's PetroChina, […]
By John Lee. Pertamina, the Indonesian state-owned energy company, will reportedly buy an additional 10 percent stake in the West Qurna 1 oilfield from ExxonMobil. The Deputy Director-General of the Basra Oil Company (BOC), Hassan Muhammad Hassan, told the official Iraqi News Agency (INA) that the agrreement, "is subject to the signing of the settlement […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
