The latest Kirkuk, Iraq Business News – security, land, farming, infrastructure and more – brought to you by Iraq Business News
Levels of violence rose in Iraq last week despite heightened security measures put in place ahead of the Arab League Summit. It was the worst week since a series of terrorist attacks targeted Shi’ah pilgrims during Arba’een at the beginning of January and the fourth-worst week recorded over the past six months. At least 73 […]
According to a report from Bloomberg, Iraq plans to increase its exports of Kirkuk crude from the Turkish port of Ceyhan (pictured) by 20 percent in April: 24 cargoes to be shipped, up from 21 in March; shipping rate of 510,000 barrels a day, up from 425,484 bpd in March. Shipments of Iraqi Kirkuk crude from […]
The Kurdistan Regional Government (KRG) has issued the follow statement on the reported granting of a contract to BP for the development of oilfields in Kirkuk: Neither Iraq’s federal oil ministry nor state-owned oil companies have the right to unilaterally award contracts to develop currently producing fields in Kirkuk province or in other adjacent areas, […]
AKnews reports on Saturday that Iraq's state-owned North Oil Company has signed a preliminary agreement with BP to increase production at the Kirkuk oilfield from about 280,000 barrels per day (bpd) to 580,000 bpd. Hussein Allam, the undersecretary of North Oil Company said: "The initial agreement is part of a high-level plan carried out by […]
Baker Hughes has joined BP and Schlumberger on separate talks with Iraq to more than double the output from the giant Kirkuk oil field in northern Iraq, according to Dow Jones. "Iraq is conducting preliminary talks with these three companies to examine plans to develop the field," an Iraqi oil industry figure said on Monday. […]
Oil giant BP is reported to be in talks with Iraq to boost output from the Kirkuk oilfield in the north of the country. Bloomberg, citing sources at the Middle East Economic Survey (MEES), says BP officials will meet with Iraq’s North Oil Company (NOC) within weeks to discuss increasing capacity at Kirkuk from about 260,000 […]
The first international trade fair has been opened in the city of Kirkuk, north east of Baghdad, with dozens of foreign companies participating, according to AKnews. The three-day fair that was opened by Kirkuk governor Najmaddin Karim on Tuesday brought together about 100 foreign and local companies. Kamil Salayi, mayor of Kirkuk, told AKnews that […]
A member of Kirkuk Provincial Council has announced that there new power plants will soon be installed in the province. Fuad Hussein said the decision was made after the deputy electricity minister met the Council. An Iranian company will install two 196MW plants in Dubiz district, while a South Korean company will install the other 293MW […]
The foundation stone of a five star hotel and shopping center was laid in Kirkuk on Wednesday, according to AKnews. The mall and hotel, the first project of its kind in the city, will cost $31.58m (36.8 billion Iraqi dinars). Construction will take over three years and will be undertaken by the Rekani company, based […]
Exports of crude oil from northern Iraq via the Turkish port of Ceyhan (pictured) have resumed on Monday after a three-day halt resulting from sabotage to the pipeline network in Turkey, according to Bloomberg. Ziad Ahmad al-Obaidi, an official from the North Oil Company said the initial rate was 400,000 barrels to 500,000 bpd. Iraqi […]
There was no significant increase or decrease in the number of attacks recorded in Iraq last week but the fatality figure doubled from the previous week. At least 101 people were killed and 216 injured in nationwide incidents. Conditions appear to have worsened since the US military pullout at the end of 2011 and the […]
According to a report from Bloomberg, Iraq will complete the initial planning for a 150,000 barrel-a-day refinery in Kirkuk in April. Shaw Energy & Chemicals Ltd. has completed 60 percent of the refinery’s front-end engineering and design (FEED) phase, the director general of North Refinery Company, Abdulghafoor Abduljabbar said at an oil forum in Tokyo […]
