By John Lee. China Oil HBP Science & Technology Co., Ltd. has signed an EPCOM [Engineer, Procure Construct, Operate and Maintain] contract worth $225,218,000 for the Naft Khana oilfield rehabilitation project with NK Petroleum Company Limited and its Iraq branch. The contract covers engineering, procurement, construction, operation and maintenance services aimed at restoring crude oil […]
By John Lee. Construction has begun on a new field operations centre at the Naft Khana oilfield in Diyala province, marking a new phase of development for the project. The facility is being developed under a contract signed during Iraq's fifth licensing round between Midland Oil Company (MdOC) and the Chinese firm Geo-Jade, which covers […]
By John Lee. The state-owned Midland Oil Company (MdOC) has announced the signing of a contract to drill eight wells (4+4) in the Naft Khana block in Diyala province. The deal was signed between NK Petroleum Limited, the block's operator, and a consortium comprising Zhongman Petroleum (ZPEC) and H&L Petroleum DMCC, which Iraq Business News […]
By John Lee. The Iraqi Oil Exploration Company has completed a seismic survey of the Naft Khana oil field in Diyala province, achieving the milestone in record time, according to the Ministry of Oil. The announcement was made during a ceremony on Thursday, which also coincided with International Workers' Day. Representing the Minister, Deputy Minister […]
By John Lee. The Deputy Minister of Oil for Extraction, Mr. Bassem Mohammed Khudair, met with Mr. Fan Jianbang, CEO of the Chinese company Geo-Jade Petroleum, along with his accompanying delegation, on Sunday. Discussions focused on the development of the Naft Khana oil field in Diyala Province, operated by Geo-Jade on behalf of the Midland […]
By John Lee. Iraq's Oil Ministry has signed a contract with China's Geo-Jade Petroleum for a 2D and 3D seismic survey of the Naft Khana oil block in Diyala Province. According to a statement from the Ministry, the signing ceremony took place at the Ministry's headquarters on Sunday. The Ministry's Extraction Affairs Deputy, Bassem Mohammed […]
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. Prime Minister Mr. Mohammed S. Al-Sudani attended the final signing ceremony of the contracts for the fifth licensing round for border zones and fields, held on Tuesday 21st February at the headquarters of the Ministry of Oil. The Prime Minister pointed out that implementing the fifth licensing round was delayed for five […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced that the final signing of contracts for the fifth round of energy licences will take place next week. These contracts relate to the development and production of six fields and exploratory blocks in border areas, which were granted to the following companies: Development blocks: […]
By John Lee. Iraq's Council of Ministers has approved the recommendation of the Economic Energy Council to sign contracts for the fifth energy licensing round. According to a government statement, the fifth-round projects had been suspended for four years due to "a complaint about the correctness of the procedures." It adds that, "after this file […]
By John Lee. Iraq's Ministy of Oil has awarded all four development projects, and two of the seven exploration blocks, that it offered in its fifth auction of oil licences. Only nine of the 26 companies originally pre-qualified took part in the auction, with majors such as Lukoil (Russia), ExxonMobil (US) and Total (France) not bidding. Development […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] (pictured) has announced exploration and rehabilitation projects for nine exploration blocks in Iraq. These include the onshore exploration blocks of Khudher Al-Mai, Jabal Sanam [Jebel Sinam, Jebel Sanam] and Umm-Qasr on the Kuwaiti border; the Sindbad, Huwaiza, Shihabi, Zurbatia and Naft Khana blocks on the Iranian […]
