By John Lee. Iraq has signed a final contract with Pakistan Petroleum Limited (PPL), giving it the right to explore gas Block 8, covering an area of 6,000 sq km in the Diyala and Wassit provinces in eastern Iraq. During the signing ceremony, Iraq's deputy oil minister, Ahmed al-Shamma, said "developing exploration block 8 could […]
By John Lee. Lucky Cement, which claims to be the largest manufacturer of cement in Pakistan, has entered into a joint venture for a cement grinding plant in Iraq, according the The News. "The contract for the supply of plant and machinery for this project has been signed and the project team, as well as […]
By John Lee. Iraq's cabinet has approved three oil and gas contracts awarded to foreign firms in the 4th round energy auction in May. Government spokesman Ali al-Dabbagh (pictured) said cabinet approved an initial gas exploration contract with Pakistan Petroleum for gas Block 8, another deal led by Russia's Lukoil along with Inpex of Japan […]
By John Lee. Iraq signed the gas exploration contract with Pakistan Petroleum Ltd. (PPL) on Sunday for gas Block 8, which lies in the Diyala and Wassit provinces in the East of the country. Meanwhile on Monday, a consortium led by Kuwait Energy signed the contract for oil Block 9, having bid fee of $6.24 […]
Iraq’s government signed deals for only three of the 12 oil and gas exploration blocks offered in its fourth energy auction, which ended on Thursday, reflecting reluctance of foreign bidders to risk money in unexplored areas. Russia's LUKoil, along with partner Inpex Corp of Japan, won the deal for the 5,500-square-kilometer Block 10 in Muthanna […]
The Chinese firm Zhenhua has decided not to partner with Pakistan Petroleum Limited (PPL) in a bid for an exploration block in Iraq due to security issues, the Express Tribune reports. "The News", however, reports that Zhenhua walked out on the deal because a re-drawing of the boundary of the Bloc-9 meant "the opportunity became […]
Iraq plans to buy 30,000 metric tons of basmati rice from India and Pakistan, according to a report from Bloomberg. Fawziyeh Hameed, a spokeswoman for the Trade Ministry, told the news agency that the deadline for suppliers to submit bids is April 22. Bids should be valid until April 26. Iraq reportedly bought 53,000 tons […]
Iraq has reportedly offered to supply oil to Pakistan with a long-term deferred payment facility. A Special Assistant to the Prime Minister said that a delegation would go to Iraq to negotiate a deal. “Oil refineries in Pakistan are designed to refine low sulphur oil [so] new refineries would be required to process Iraqi oil,” […]
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