The latest Kogas Iraq News – Korea Gas Corporation, oil field, gas, Korea, KazMunaiGas, Mansouriya & more – brought to you by Iraq Business News
By Robert Tollast. Robert Tollast is a consultant at Noorbridge, a Helsinki based consultancy with staff in London and Nasiriyah, Iraq. He has written extensively on security, politics and economic issues in Iraq for various publications, and is currently researching a modern history of Iraq with support from The Middle East Forum. email: [email protected] twitter: […]
By John Lee. The Korea Gas Corporation (KOGAS) is among the state-owned Korean energy firm that have come under heavy pressure from the country's new government to shed assets and pay off debt by 2017, reports Reuters. Korea's Yonhap news agency says that the company is considering selling a 49 percent stake in its fully-owned […]
By John Lee. Korea's STX Heavy Industries has won a $449 million order to build a 550-kilometer gas pipeline in northwestern Iraq. The pipeline, scheduled for completion in June 2017, will take gas from the Akkas gas field in Anbar, which is operated by Korea's KOGAS. (Source: STX)
By John Lee. Iraq's deputy prime minister for energy, Hussain al-Shahristani (pictured), has said that 'Big Oil' is about to spend over $25 billion next year to boost oil output towards record levels. He predicted that the southern fields are expected to pump an extra 500,000 bpd in 2014, compared to just over 3 million […]
By John Lee. Iraqi Prime Minister Nouri Al-Maliki and Eni’s CEO Paolo Scaroni (pictured) met on Monday in Baghdad to discuss Eni’s activities in the country. During the meeting, Mr Scaroni along with Claudio Descalzi, COO of Eni E&P, updated the Prime Minister on the development activities at the Zubair oil field and discussed the […]
By John Lee. The Korean Gas Corporation (KOGAS) said on Wednesday that an attack on its operations at the Akkas gas field in Anbar will not delay its plans to start commercial production in September 2015. A spokesman for the state-run company told Platts: "There was no major damage to the facilities at the field, […]
The CEO of Italian oil and gas company Eni, Paolo Scaroni (pictured), said he expects the consortium led by Eni to invest $18 billion in the Zubair oilfield. He added that the group, which includes Occidental Petroleum Corp and South Korea's KOGAS, has already invested 4-5 billion euros in the project. Production at the field is […]
Alderley FZE, a subsidiary of Alderley plc, has recently secured contracts for two crude oil metering systems in Iraq. The contracts for both projects were issued by Petrofac, the international oil and gas facilities service provider, for the new Early Production System (EPS) for the Majnoon field in southern Iraq and for the first phase […]
By John Lee. Iraqi Oil Ministry spokesman Asim Jihad has told Aswat al-Iraq that Korea’s state-run Korea Gas Corporation (KOGAS) will soon begin work on the first stage of a new pipeline linking Kirkuk to Beiji [Bayji, Baiji]. According to the report, the $128-million project will bring dry and liquid gas from Kirkuk to Beiji, and […]
By John Lee. Korea’s state-run Korea Gas Corporation (KOGAS) has won a $127m contract to build a 110-kilometer pipeline linking the Iraqi cities of Kirkuk and Baiji. The company said it will sign the contract with Iraq’s state-run Oil Pipelines Company (OPC) this month. KOGAS was selected as the preferred builder in a process that had eight […]
By John Lee. Iraqi government spokesman Ali Al Dabbagh (pictured) has said that the cabinet has approved a $358.8 million contract with Italy's SICIM and Dubai-based Drake and Scull to lay pipelines in the southern Zubair oilfield. The two-year extendable deal is part of a series of contracts aimed at developing Zubair which should have […]
On Tuesday, Iraq's Cabinet approved an $843 million service contract granted to Weatherford International to install six power stations at the Zubair oil field. Government spokesman and Minister of State Ali Al-Dabbagh told Bloomberg the plants will take 18 months to install. Italian company Eni controls almost 33 percent of the Zubair project, with Iraq’s […]
