By John Lee. Sameer Salman Al Taei has been named as the new head of the state-run North Oil Company (NOC), which oversees oil fields in northern Iraq. Formerly head of the oil fields department in the NOC, Al Taei replaces Hamid Al Saedi, who has been director general since 2010. (Source: The National)
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The Kurdistan Regional Government (KRG) has issued the follow statement on the reported granting of a contract to BP for the development of oilfields in Kirkuk: Neither Iraq’s federal oil ministry nor state-owned oil companies have the right to unilaterally award contracts to develop currently producing fields in Kirkuk province or in other adjacent areas, […]
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 […]
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 […]
Iraq aims to more than double oil production in its northern region by the end of 2014, according to a report from AFP. Hamid Abdelrizak al-Saadi, general manager of the North Oil Company, said the planned increases for various fields would bring the total to about 1.3 million bpd, from a current level of about […]
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 […]
The North Oil Company (NOC) is hindering the construction of a refinery in the oil-rich disputed province of Kirkuk, a local official said on Wednesday. The refinery is one of four projects that the Iraqi Oil Ministry tendered to foreign companies for final designs late October. The four refineries to be located in Kirkuk, Karbala, […]
Iraq has reportedly resumed crude exports through its Kirkuk-Ceyhan pipeline at a rate of 400,000-450,000 bpd, after a suspension of six days. Iraq’s oil exports through the main oil pipeline from Kirkuk to Ceyhan in Turkey had stopped entirely due to leakage caused by erosion, according to Aswat al-Iraq. A source at North Oil Company […]
Following reports that the Kurdistan Regional Government (KRG) had suspended oil exports through the Iraq-Turkey pipeline, the KRG has issued the following statement: The Ministry of Natural Resources of the Kurdistan Regional Government would like to state that there has been no policy decision for suspending oil exports from Kurdistan via the Iraq-Turkey pipeline. Over […]
AKnews reports that Iraq’s Oil Ministry has announced that it has recruited 1,114 new employees for the state oil companies under its jurisdiction. The successful applicants for the public sector posts are holders of specialized diplomas and degrees in the oil sector from relevant institutions. Iraq plans to increase its oil production from around 2.5 […]
Levels of violence fell in Iraq last week, but conditions continue to fluctuate and the overall number of attacks has risen gradually since the beginning of the year. Over the past two months the country also appears to have experienced a violent week, followed by a quiet week, in fairly regular alternation. It could be […]
