By John Lee. The Ministry of Oil has reviewed progress on major development projects at the Rumaila oil field in Basra governorate. On behalf of Deputy Prime Minister for Energy and Minister of Oil Hayan Abdul Ghani Al-Sawad, Undersecretary for Upstream Affairs Bassem Mohammed Khudair conducted a field visit to Rumaila to follow up on […]
By John Lee. The Missan Oil Company has increased volumes of processed gas from the Halfaya field, with the Halfaya Gas Receiving Station (GRS) now receiving and processing up to 190 million standard cubic feet per day (mmscfd). In a statement to the state-run Iraqi News Agency (INA), the company said the facility has undergone […]
By John Lee. Scottish consulting and engineering company Wood has secured a new contract to deliver project management and engineering services for PetroChina at the West Qurna 1 oilfield in southern Iraq -- one of the world's largest -- continuing its decade long support there. Under the contract, Wood will manage engineering, procurement and construction […]
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil, Engineer Hayan Abdul Ghani Al-Sawad, inaugurated on Sunday the OT2 and OT3 oil processing facilities at the West Qurna-1 field, with a combined capacity of 210,000 barrels per day. The Minister explained that the project includes the construction of two new crude […]
By John Lee. France's Vallourec has secured two contracts to supply Oil Country Tubular Goods (OCTG) to support the drilling operations of China National Offshore Oil Corporation (CNOOC) and PetroChina in Iraq. According to a statement from the company, these contracts carry potential revenue of over $130 million [IQD 170 billion]. The contracts cover the […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's 7 Million bpd Oil Production Goal Draws Swift Response from Chinese Firms The recent reiteration by Iraq Oil Ministry of a 7 million barrels per day (bpd) oil production target […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, has addressed key energy issues in interviews with Al Arabiya and Al Hadath, outlining government efforts to secure power supply and mitigate potential summer shortages. Key points include: The halt of exemptions has affected 800 MW of electricity imports from Iran, impacting Diyala, Maysan, […]
By John Lee. Iraq's Ministry of Oil celebrated the groundbreaking of the West Qurna 1 Field Operations Center (Phase 1) and inaugurated several service projects in Al-Sadiq District, Basra Province. The initiatives were carried out by the Basra Oil Company (BOC) in collaboration with PetroChina, the operator of the West Qurna 1 field. The new […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani met with Mr. Dai Houliang, Chairman of the Board of Directors of the China National Petroleum Corporation (CNPC), and an accompanying delegation. Al-Sudani affirmed Iraq's keenness to develop relations with China across various sectors, emphasizing that the presence of Chinese companies, including in the oil sector, […]
By John Lee. Iraq's Prime Minister Mohammed Shia' Al-Sudani inaugurated a major gas processing project in the Halfaya oilfield in Maysan governorate, with a capacity of 300 million standard cubic feet per day. Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayyan Abdul Ghani, stated that the commissioning of the Halfaya gas processing […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Poised To Take Further Control Of Iraq's Key Southern Oil Assets China is over the halfway mark in completing its strategically vital oil project in the critical Iraqi energy […]
By John Lee. Under the patronage of Oil Minister Hayyan Abdul Ghani, Basra Oil Company (BOC) organized a ceremony for the handover of the main operator role for the West Qurna 1 oilfield. The event, attended by the Ministry's Deputy for Extraction Affairs Basim Mohammed Khudair, marked the transfer of management responsibilities to China's PetroChina, […]
