The latest Kirkuk, Iraq Business News – security, land, farming, infrastructure and more – brought to you by Iraq Business News
From PUK Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-Türkiye Oil Pipeline Remains Operational Despite Agreement Expiry Crude oil exports from Kirkuk to Türkiye's Mediterranean port of Ceyhan are expected to continue without disruption, despite the expiry of the bilateral agreement governing […]
By John Lee. Türkiye Petrolleri Anonim Ortaklığı (TPAO) is to acquire a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL), the vehicle through which BP is supporting the redevelopment of major oil and gas fields in the Kirkuk region of northern Iraq. According to BP, the agreement builds on a strategic cooperation […]
By John Lee. ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL) from BP, supporting the redevelopment of four producing oil fields in the Kirkuk area of northern Iraq. The agreement is expected to be signed during Prime Minister Ali al-Zaidi's official visit to Washington, D.C. BP […]
By John Lee. Iraqi Airways is to launch direct flights between Kirkuk and the Turkish city of Antalya from 14 July, operating twice weekly on Tuesdays and Fridays. The airline's Director General, Manaf Abdul Moneim, said the new route coincides with the summer holiday season and rising passenger numbers, with the twice-weekly schedule intended to […]
By John Lee. The Council of Ministers has approved the signing by Basra Oil Company (BOC) of a Heads of Agreement (HOA) and a non-disclosure agreement (NDA) with a consortium comprising US firm Capital TI, Qatar's UCC [Urbacon Trading & Contracting], and US major Chevron. The approval allows for a state-owned company to be added […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq forms committee to renew Kirkuk-Ceyhan oil pipeline agreement Iraq has established a high-level committee to prepare a new draft agreement on the Kirkuk-Ceyhan oil pipeline as the current deal expires in July. Salim […]
By John Lee. According to the Ministry of Electricity, current electricity generation has reached around 22,000 megawatts, with governorate allocations calculated based on net generation after accounting for exemptions including government hospitals, water stations, losses, loads and auxiliary equipment. The ministry said allocations are distributed according to approved percentages set by the Higher Coordination Committee […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Clock Is Ticking Down To Iraq's Economic Disaster On 27 July OPEC's second-largest oil producer, Iraq, has less than two months before it loses the key means to export its […]
By John Lee. Iraq's General Directorate of Industrial Development, a division of the Ministry of Industry and Minerals, issued 124 preliminary licences for new industrial projects in March. The licences covered multiple industrial sectors and were distributed across several governorates. Baghdad led with 30 licences, followed by Basra and Nineveh with 18 each, and Anbar […]
By John Lee. The United Nations Development Programme (UNDP) has awarded several contracts in Iraq: Al-Chibaish Organization for Environment Tourism won a contract to build "the Social and Human Foundations for Ecosystem-Based Adaptation in Marshland Communities of the Central Marshes- IQD 124,950,000." Ref: UNDP-IRQ-02027. Contract value is stated as $95,381.83. Emaar Ardh Al Nakheel for Contracting […]
By John Lee. According to the state-run Iraqi News Agency (INA), the Kirkuk-Nineveh crude oil export pipeline, which carries oil to the Turkish port of Ceyhan, is set to resume operations within a month. Bassim Mohammed Khudair, Undersecretary of the Ministry of Oil for Extraction Affairs, told the agency that the ministry also has a […]
By John Lee. The Basra-Haditha pipeline project will reportedly have an export capacity of 2.5 million barrels per day (bpd) and is expected to create around 15,000 jobs for Iraqi workers. The Ministry of Oil spokesman, Sahib Bazoun, told the state-run Iraqi News Agency (INA) that the pipeline will serve as a supplementary overland export […]
