Tag Archives | mn

Iraq "the Biggest Commercial Opportunity in Petroleum Today"

By John Lee. Petrel Resources has said that "Iraq remains the biggest commercial opportunity in petroleum today." In the company's Interim Statement to the markets on Wednesday, Chairman David Horgan added: "The geology is unsurpassed.  The oil market is sharply recovering.  But contracts must be updated for effective exploration and development." "The focus is once […]

Oshkosh to supply Trucks to Iraq

By John Lee. Oshkosh Defense LLC has been awarded a $16,708,584 firm-fixed-price contract for M1120A4 Heavy Expanded Mobility Tactical Trucks (HEMTTs), M977A4 HEMTTs, M978A4 HEMTTs, and M1070A1 Heavy Equipment Transporters. Bids were solicited via the internet with one received. Work will be performed in Oshkosh, Wisconsin, with an estimated completion date of Jan. 31, 2022. […]

Baker Hughes to help Capture Gas at Iraq's Southern Oil Fields

By John Lee. Iraq's South Gas Company (SGC) has announced a project to capture gas at the Nasiriyah and Garraf [Gharraf] oil fields, in partnership with the American company Baker Hughes. Instead of flaring, the gas will be used to increase electricity generation, while reducing the environmental impact of oil production. The project will also […]

Iran "Appoints Special Envoy" on Iraq Petroleum Issues

By John Lee. Iran's has reportedly appointed a special representative for petroleum issues involving Iraq. According to ABNA24, Seyyed Abbas Beheshti will coordinate with the National Iranian Gas Company (NIGC) and the Central Bank of Iran to accelerate payments of arrears. It adds that Iraq owes Iran nearly $6 billion for imports of natural gas […]

Al Majal Business Park (AMBP) in Burjessia Celebrates 6th Anniversary

On September 21st, 2015, Al Majal Business Park (AMBP) opened its doors in Burjessia, serving local and international clients. Today AMBP is a recognized, leading life support services provider in Iraq. Innovation has always been part of our journey. We continue to apply value-driven innovative ideas to deliver world-class services at AMBP. Our team works […]

AD Ports signs MoU with Iraq

By John Lee. Abu Dhabi Ports (AD Ports Group) has signed a Memorandum of Understanding (MoU) with the General Company for Ports of Iraq (GCPI) to promote increased cooperation between the two organisations within the fields of transportation and maritime. Facilitated during a recent visit of a high-level delegation led by the Iraqi Minister of […]

New Oil Refinery announced for Qayara

By John Lee. Iraq's North Oil Company (NOC) has signed a Heads of Agreement (Memorandum of Understanding) with two energy companies to build a 70,000-barrels-per-day oil refinery in Qayara (Qayyarah). The facility, Nineveh province, is to be built by Sweden's SEAB and Turkey's Limak. No information was given regarding the size of the investment or […]

Iraq, Saudi Arabia to Streamline Border Trade

By John Lee. Iraq and Saudi Arabia agreed to work together to help streamline the flow of goods between the two countries. Meeting at the recently-reopened border post of Arar, officials from both sides agreed to implement more efficient electronic clearance systems to reduce delays. They will also upgrade the road connections leading to Arar. […]

Ministerial Energy Council urges Progress on Refineries

By John Lee. At the most recent meeting of Iraq's Ministerial Energy Council, headed by Oil Minister Ihsan Abdul-Jabbar Ismail, the Council decided that the South Refineries Company (SRC) should "take the necessary steps" to develop the Shuaiba refinery in Basra Governorate. It also urged the acceleration of work on the 140,000-bpd Karbala oil refinery, […]