The latest oil and gas news from Iraq – refineries, production and more – brought to you by Iraq Business News
Basra's Governor, Shaltagh Abboud al-Mayyah, discussed the investment opportunities available in the province with a delegation representing the South Korean companies, according to a press release from the province’s information office on Thursday. “Governor Shaltagh received a South Korean delegation comprising the country's Ambassador to Baghdad and representatives of investment firms, for talks on means […]
On the pretext of drilling for oil, the North Oil Company (NOC) requires some Kurdish villagers around Kirkuk's Dubiz township to vacate their homes, and the First Deputy of the township suspects political intent behind the request, according to a report from AK News. The NOC has submitted a letter to Dubiz police to vacate […]
Despite a pledge by Iraqi Kurdistan to crack down on the flow of fuel being smuggled to Iran, the only real impediment truck drivers say they face are long lines that force them to wait for days to cross, according to a report from Reuters. Perhaps around 100 tanker trucks corralled into groups of 10 […]
Yesterday we reported that Michael Townshend, President of BP Iraq, was planning to increase production at the supergiant Rumaila oilfield by 10% over the next six months; today we can give you details of more than 100 new wells to be drilled at the field by the end of next year. Three international service companies, […]
The Iraq Petroleum 2010 conference will bring together high profile speakers, senior decision makers, leading businessmen, policy makers and advisors to debate key strategic issues, share expertise and exchange views. As Iraq plans to quadruple its oil production and the second round of bidding is complete, this year we will be focusing on longer term […]
Kuwait has given initial approval to open a special border crossing with neighbouring Iraq for international oil firms working there, an Iraqi oil official said on Monday, according to a report from Arab News. “There is kind of initial approval from Kuwait’s side,” Abdul-Mahdy al-Ameedi, director of the Oil Ministry’s licensing office, told Reuters. “This […]
Iraq’s plans to expand its oil pipelines and other export facilities will cost $50 billion, the Middle East Economic Survey reported today, without saying where it got the information. As part of this program, the country intends to build a pipeline that would carry heavy oil from the Majnoon, East Baghdad, Qayara and Najma fields […]
British oil major BP, along with its partner China National Petroleum Corp, plans to increase production from Iraq's Rumaila oil field by more than 100,000 barrels a day at the beginning of next year, a BP executive said Sunday, according to a report in the Wall Street Journal. "Initial production will go up by 10% […]
Saudi industrial and energy services company Taqa (TAQA.AD) is considering investing $1.6 billion in pipelines and $133 million in offshore platforms in Qatar and Iraq, an Arabic newspaper said on Friday. Officials from Taqa told the Saudi-owned daily Asharq al-Awsat they were considering investing in the gas industry in Qatar and the oil industry in […]
Iraq expects the CNPC-operated al-Ahdab oilfield to have an initial production rate of 60,000 barrels per day from July 2011, Deputy Oil Minister Abdul Kareem Luaibi said on Sunday. Al-Ahdab was the first major oilfield development contract awarded by the Iraqi government after the 2003 US-led invasion when it agreed to revive a Saddam Hussein-era […]
Iraq lacks appropriate measures in its energy sector that prevents it from managing its export revenues effectively, officials told the U.N. Security Council. Jun Yamazaki, the assistant secretary-general at the United Nations' office of planning and budgets, told the Security Council that Iraq needs to implement an oil-metering system to funnel export revenue toward development […]
Special equipment to dig 20 oil wells arrived in the al-Bazerkan oilfield in Amara, according to the media director of the Missan Oil Company. “U.S. oilfield services company, Weatherford (WFT.N) sent equipment to the oilfield to start digging 20 wells, 70 km east of Amara,” Ali Abbas told Aswat al-Iraq news agency. “The project will […]
