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. Iraq's 7 Million bpd Oil Production Goal Draws Swift Response from Chinese Firms The recent reiteration by Iraq Oil Ministry of a 7 million barrels per day (bpd) oil production target […]
By John Lee. UK-based Hydro-C has won a contract to design and supply a solar power plant for Basra Oil Company (BOC) at Iraq's Majnoon oil field. The plant will be supplied from the UK and installed in Iraq. According to a statement from the Iraq Britain Business Council (IBBC), of which Hydro-C is a […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has inaugurated a 56 MW gas power plant at the Majnoon oil field and supervised the trial operation of the second Central Processing Facility (CPF2) with a capacity of 200,000 barrels per day. The gas power plant will supply electricity to the production facilities in […]
By John Lee. The Iraqi Drilling Company (IDC) has launched its largest drilling rig, IDC 57, at the Majnoon oil field. General Manager Khaled Hamza Abbas said the with 3,000-horsepower rig is modern, advanced and capable of drilling wells up to 8,500 meters deep. The technical and engineering teams have started drilling the Yamama appraisal […]
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 And Iran Will Expedite Development Of Sanctions-Busting Shared Oil Fields A key reason why oil prices have remained relatively subdued despite the ongoing Russia-Ukraine and Israel-Hamas wars is that […]
By John Lee. The Iraqi Drilling Company (IDC) has accomplished the drilling of the directional oil well MJ-159 in collaboration with Halliburton, as part of the project to drill 42 oil wells in the Majnoon Oilfield for Basra Oil Company (BOC). Mr. Muhannad Maki Tarash, the Director of the First Operations Department at the company, […]
By John Lee. In a meeting of the Joint Management Committee, Iraq's Oil Ministry discussed the development plan for fields and projects contracted with the French company TotalEnergies. The Deputy Minister for Extraction Affairs affirmed the ministry's commitment to implementing strategic projects with TotalEnergies and QatarEnergy. According to a statement from the Ministry, the four […]
By John Lee. Khalid Hamza, the General Manager of the Iraqi Drilling Company (IDC), has said the company has completed the drilling or development of 86 oil wells in the first half of 2023. This included the successful completion of the 24th well in the Majnoon oil field, reaching a depth of 3,079 meters, in […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well MJ-150 in the Majnoon oil field in southern Iraq, collaboration with Halliburton. This is part of the contract between the ICD and the Basra Oil Company (BOC), which involves drilling a total of 43 oil wells in the area. […]
By John Lee. UK-based pump maker Amarinth has won an order from Azku Global Services for $200K of API 610 OH1 pumps for the Majnoon oil field. This is Amarinth's first order from Azku Global Services and follows numerous projects that Amarinth has successfully delivered into Iraq. The $200K order is for two API 610 […]
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. China Makes Big Moves To Secure Iraqi Oil Whilst the U.S. and its allies appear to be taking a subtle approach to advancing their remaining interests in Iraq, as hinted […]
By John Lee. The Iraqi Drilling Company (IDC) has announced that its technical and engineering staff have started drilling oil well MJ-129 in Majnoon oil field in Basra Province. The Director General of the IDC, Bassim Abdul Karim, said that the planned depth of the well is 3,648 meters, reaching to the Mishrif formation. He […]
