The latest Kirkuk, Iraq Business News – security, land, farming, infrastructure and more – brought to you by Iraq Business News
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 […]
AKE has compiled statistics covering violence in Iraq over the course of 2011. The average week saw 56 attacks, many of which included bombings targeting civilians on an indiscriminate basis. The Iraqi security forces also suffered numerous attacks and will likely remain a major focus for militant groups now that the US military has withdrawn […]
The number of attacks taking place in Iraq actually fell last week. Nonetheless, the associated number of casualties was still much higher than average. At least 100 people were killed and 261 injured in nationwide incidents, several of which targeted Shi’ah pilgrims gathering to commemorate Arba’een. Violence was concentrated in the cities of Mosul and […]
AKnews reports that up to 26 foreign companies are engaged in preparations to build a 500 MW power plant in Kirkuk. Kirkuk currently requires 880 MW, but can only provide 450 MW: 240 MW from the national grid and 225 MW through a contract with Kurdish investor. Rebwar Talabani, the Deputy head of Kirkuk Provincial […]
