The latest oil and gas news from Iraq – refineries, production and more – brought to you by Iraq Business News
Halfaya is not currently the most exciting oil field, but it is growing fast. In less than two years, the large consortium of Chinese, Malaysian and French companies developing it has increased production from 3,000 barrels per day to around 15,000 bpd, with 2,000 bpd of those having just been added with a new well, […]
Mohammed Saleh, Deputy Governor of the Central Bank of Iraq, highlighted his fears for Iraqi revenues due to the second leg of the financial crisis in the U.S.A., which was kickstarted by a credit-rating downgrade. With oil prices moving between $80 and $90, they are down from the $100 to $115 range they were trading in […]
Gulf Keystone, the London Aim-listed, independent oil and gas exploration and production company with operations exclusively in the Kurdistan Region of Iraq, found its second massive oil discovery just days ago. The share price rose by more than a quarter on the news, and have now fallen back to +12%, putting them just over 120p. Gulf […]
Hillwood International Energy, an independent oil and gas explorer from Dallas, Texas, and Marathon Oil Corporation, another independent, based in Houston, Texas, have gauged a large oil discovery on the Sarsang block north of Dohuk on the Zagros fold belt in Iraqi Kurdistan, according to the Oil & Gas Journal. The total flow rates in the […]
The drilling and completions contract covers 23 wells in the West Qurna phase two field. LUKOIL has awarded Baker Hughes a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq, 50km west of Basra. Under the terms of the contract, Baker Hughes will provide […]
Trade between Iraq and Syria is now running at US$2bn per year, according to a spokesperson for the Iraqi Ministry of Trade. Hashem Hatam said that this does not include trade in oil and gas, according to Aknews. At the same time, events could sour increasing trade between the neighbours. As Syria cracks down on […]
The Iraq Future Energy Conference will be hosted in Istanbul, Turkey, from 26th September to 29th September. There is a full programme to demonstrate how energy and infrastructure companies can take a piece of the projects worth tens of billions of US dollars. Attendees can learn about the Ministry of Oil's four-year plan ending in […]
Ahmed Mousa Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES). He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN. He is […]
Midland Refineries Co announces the following tenders: - Spare Part For Pump -Spares for Centrifugal Compressor - Spare Part - Spare Part - Spare Part for Centrifugal Air Fan Item K-11 New Boiler - Spare Part for Hitachi Pump Type : GM-CH S/NI-766610171-354 - Spare Part For Pump , Type :3 HNN-122 & 153 Please […]
By Tariq Abdell, Iraq’s political risk analyst, Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The recent upsurge in violence across Iraq ( sticky bombs, car bombs, roadside bombs, targeted assassinations, suicide bombers, prison breaks, etc...) underscores, irrefutably, […]
As widely reported, anticipation is building around the current preparation by the Iraqi Government for the auction of oil and gas exploration in January 2012. The auction will tender 12 exploration blocs covering 31,500 square miles and will be awarded to international companies interested in investing in the region. With Iraq seeking increasing support from […]
Sterling Energy released an update on Tuesday revealing that important test results are imminent. Here is the statement from the Middle East and Africa oil and gas exploration and production company: Kurdistan Operations Update Sterling (AIM: SEY), the independent oil and gas exploration and production company with interests in the Middle East and Africa, provides […]
