By John Lee. Iraq's Oil Ministry reported steady progress on the gas investment project led by French company TotalEnergies in Basra, confirming it aligns with the government's strategic timelines. Deputy Oil Minister for Extraction, Mr. Basem Mohammed Khudair, chaired the seventh Joint Management Committee meeting, attended by officials including Deputy Minister for Gas Mr. Ezzat […]
By John Lee. The Oil Exploration Company has started a 3D seismic survey of the Qayara oil field in Nineveh province, under a contract with Angola's Sonangol. General Manager Osama Raouf Hussein said the seventh seismic team is conducting the survey over an area of 135 square kilometers, with the work expected to take 150 […]
By John Lee. Angola's Sonangol has signed a contract with the Iraqi Oil Exploration Company to carry out a 3D seismic survey of its Qayara [Qayarrah] oil field in Nineveh Province. The Ministry's Undersecretary for Extraction Affairs, Bassem Mohammed Khudair, said: "This contract aligns with our strategic vision for the oil sector by involving national […]
By John Lee. Iraq's Oil Ministry has signed a contract with China's Geo-Jade Petroleum for a 2D and 3D seismic survey of the Naft Khana oil block in Diyala Province. According to a statement from the Ministry, the signing ceremony took place at the Ministry's headquarters on Sunday. The Ministry's Extraction Affairs Deputy, Bassem Mohammed […]
By John Lee. Dr. Majid Al-Waeli, the Governor of Al-Najaf, has announced the discovery of oil in the Oasis Al-Rahban area in the lowlands of Al-Najaf province. According to a statement from the Governor's office, the discovery was made by the Iraqi Oil Exploration Company and a group of foreign experts Al-Waeli ordered the formation […]
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. The Iraqi Oil Exploration Company recently marked the successful completion of seismic surveys for the two-dimensional Haifa program in the Al-Najaf province. According to the Ministry of Oil, the surveys, conducted by the company, covered extensive areas within record time. This initiative aligns with the Ministry of Oil's plan to conduct seismic […]
By John Lee. During a visit to Iraq's Oil Exploration Company (OEC), the Minister of Oil, Hayan Abdul-Ghani, announced that the company's seismic teams have successfully added 6 billion barrels of oil and 32 billion standard cubic feet of gas to the country's national reserves. The Minister emphasized the importance of the oil exploration sector […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's New Prime Minister Doubles Down On Oil & Gas Deals With China And Russia It is possible that U.S. Secretary of State, Antony Blinken, believed for a moment that […]
By John Lee. The Iraqi Oil Exploration Company has signed a contract with China National Offshore Oil Corporation (CNOOC) to study Iraq's offshore oil block in the Gulf. The Undersecretary for Extraction Affairs represented the Oil Minister, Mr. Ihsan Abdul-Jabbar Ismail, at the signing ceremony. The General Manager of CNOOC Middle East and Iraq said […]
By John Lee. The First Vice President of the Iraqi National Oil Company (INOC), Hamid Younis, has said that oil production in Iraq can be increased to 5-to-8 million barrels per day (bpd) "during the coming years." He is quoted in a statement from the Iraqi Ministry of Oil, following a meeting that he chaired […]
By John Lee. The China National Offshore Oil Corporation (CNOOC) is to press ahead with oil exploration at a 530-km2 offshore block in Basra. Originally agreed in 2019, the work had been delayed due to the COVID-19 pandemic. In parallel, Iraq's state-owned Oil Exploration Company (OEC) will carry out seismic surveys on the adjoining 120-km2 […]
