The latest oil and gas news from Iraq – refineries, production and more – brought to you by Iraq Business News
A former member of the Iraqi parliament has announced that Iraq lost oil wells in the border demarcation with Iran and Kuwait. Some other oil wells are located in the common Iraqi-Iranian borders in Faw and Khanaqin, but they are not divided between both parties. The Iraqi government has lost a great amount of its […]
Iraq and Kuwait are expected to reach an agreement soon setting guidelines for investing in oilfields which cross their desert border, The Kuwaiti Al Jarida daily reported on Monday, according to Reuters When Iraq invaded its Gulf Arab neighbour 20 years ago, Iraq accused Kuwait of stealing billions of dollars worth of oil from these […]
Following last week's announcement that Iraq will import gas from Iran, the country's senior deputy oil minister confirmed on Monday that it has tol Iran that it is ready to allow the transit of Iranian natural gas destined for Syria and Mediterranean countries. Kareem Al Luaby gave the confirmation to Dow Jones Newswires by telephone […]
The spokesman of the Kurdistan Regional Government (KRG) has dismissed reports that a U.S.-Iraqi delegation will visit Kurdistan to investigate allegations of oil exports to Iran. Kawa Mahmoud, the KRG spokesman, told AKnews that even if the U.S. delegation arrives in the Region, the visit will be limited to issues concerning the formation of the […]
A memorandum of understanding signed with Iraqi officials calls for the import of as much as 300 million cubic feet (8.6 million cubic meters) of gas per day from Iran, an Iranian director said. Javad Oji, a managing director at the National Iranian Gas Co (NIGC), said an Iranian delegation traveled to Iraq at the […]
Two oilfields in western Karbala have been listed by the oil ministry within its next oil licensing round, the Mayor of the Ain al-Tamr district said on Tuesday. “The ministry listed the two oilfields of Naft al-Khadiera, which were discovered in 1991 in the Ain al-Tamr district, within the next licensing round to be invested […]
Kentz Corporation (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group, has announced an agreement with the Dome Group, a leading supplier of equipment and services to the Middle East energy sector. The framework agreement results in Kentz taking a 49 per cent interest in Dome General Contracting Company Ltd. (Iraq) for […]
By Ali Al-Mawlawi, Iraqi Institute for Economic Reform The Iraqi Ministry of Oil hosted a symposium on Sunday as part of efforts to include Iraqi civil society organizations in the Extractive Industries Transparency Initiative (EITI). The event was organized by the head of the Iraqi EITI, Alaa Mohie El-Deen, and brought together NGO’s nationwide, including […]
Iraq is about to sweeten the contract terms for its third bidding round for its three prized natural gas fields, in an attempt to entice international companies to enter the auction, according to a report in the Wall Street Journal. Unlike oil deals for the first and second bidding rounds for oil fields last year, […]
Iraq is currently losing oil revenues of 100 thousand barrels per day (bpd) because Kurdistan is not producing oil, the spokesperson of the Iraqi Oil Ministry said on Sunday. “Kurdistan will not affect the Iraqi budget by stopping oil production, but the country is losing additional revenues that can be used in the rebuilding processes,” […]
Iraq exported 1.823 million barrels a day of crude oil in June, down 4% on the 1.9 million barrels a day exported in May, the Iraqi Oil Ministry said in a statement issued on Monday. Dow Jones reports that Iraq exported in June an average of 1.44 million bpd from its southern terminals at the […]
Basra International Fair Ground 25 - 28 November 2010 Iraq is opening its doors. International Basra Oil and Gas Conference & Exhibition will take its place as the first and foremost gas and oil exhibition of the region. Events will have support from Iraq Government. Exploring Iraq's true natural resources, modernizing its oil and gas […]
