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Tag Archives | Iraq
The latest news from Iraq – oil, gas, business and more – brought to you by Iraq Business News
Turkey Says Iraq Oil Deal Talks Underway
Turkish Natural Resources Minister Taner Yildiz said on Tuesday that a new agreement would be signed with Iraq soon about Kirkuk-Yumurtalik crude oil pipeline.
Iraq stops importing fuel for first time since 2003
For first since the 2003-U.S. invasion Iraq produces enough fuel to meet all its domestic needs, the Oil Ministry said
Aveva Enters Iraq Market with SIDCCO Projects
Aveva Group plc today announced that State Industrial Design and Consultation Company (SIDCCO), one of the largest EPC contractors in Iraq, selected Aveva Plant solutions for ongoing and future projects in Iraq.
PetroChina Sets Sights on the Mideast
PetroChina will be targeting Iraq and Iran and is looking to focus on five projects — the Ahdab, Rumaila and Halfaya oilfields in Iraq, and the North Azadegan and Masjed-i-Suleiman fields in Iran.
Protesting against election results is unconstitutional, says Iraqi politician
Democratic elections normally lead to stability and a smooth transfer of power. But not in Iraq. The results of the latest elections may lead to violence and instability in a country torn by wars and civil strife. The President Jalal Talabani and Prime Minister Noor al-Maliki both dispute the results and have called for a […]
Oil cartel fears losing control over supply as Iraqi output hits 20-year high
OPEC fears that its grip on the global supply of oil is being threatened by the rising output of Iraq's oilfields and the prospect of billions of dollars of multinational investment in the world's leading untapped oil resource. Iraqi oil exports in February were at their highest in 20 years, at an average of 2.08 […]
Turkey aims to renew oil pipeline accord with Iraq
Turkey is negotiating the renewal of an agreement on operating a pipeline that carries Iraqi crude oil to world markets and hopes to extend the deal by up to 20 years, Energy Minister Taner Yildiz said on Tuesday.
Iranian bank opens branch in Basra
Iranian Bank has opened a branch in the southern province of Basra to facilitate money transfer between the two countries, the Iranian consul in the city said on Wednesday.
Russian Lukoil to start drilling Iraqi oil fields before the end of this year
LUKoil, plans to drill the first exploration well at the West Qurna-2 oil field in Iraq, LUKoil CEO Vagit Alekperov said on Wednesday. "We'll start drilling the first exploration well at the end of the year"
Importance of Joint Oil Agreements - Expert
Oil expert Abduljabar al-Halafi on Friday highlighted the importance of signing an agreement to benefit from potential oilfields between Iraq and neighboring countries. “There are no joint oilfields between Iraq and neighboring countries, but there are potential geographic reserves on borders,” al-Halafi told Aswat al-Iraq news agency. “The use of any part of these oilfields […]
Results of vote - Basra Press
Al-Maliky would take the majoity of the 21 seats allocated for Basra, the case that would influence the processing of the reconstructiona and development chances for Basra during the next four years.