By John Lee. The KRG's Minister for Natural Resources, Ashti Hawrami (pictured), has told Reuters that the Kurds have plans to increase their oil exports eight-fold by the end of 2015. He said Kurdish oil exports could double "within a month or so" to around 250,000 bpd and hit 400,000 bpd by the end of […]
By John Lee. The pipeline that will carry natural gas from Iran to Iraq will be completed by the end of the current Iranian calendar year (started March 21, 2014), according to a report from Iran's PressTV. The Managing Director of the Iran Gas Engineering and Development Company, Alireza Gharibi, said 7 million cubic meters […]
By John Lee. Iraq’s parliament fully supports a project to build an $18 billion pipeline to export crude oil from Basra to Jordan’s port city of Aqaba. Speaking to The Jordan Times, Adnan Al Janabi, chairman of the Iraqi parliament's energy committee said: “We are very supportive of this strategic project with Jordan, which will […]
By John Lee. Abullah Akrayi, the Kurdish representative for Iran affairs has announced plans for two pipelines to Iran, intended to exchange refined oil and natural gas from Iran for crude oil from the KRG, Anadolu Agency reports. Iranian trade envoy to Iraq Rostem Qasimi apparently signed the deal in Erbil with KRG natural resources minister Ashti […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Attacks on oil pipelines are expected to be an important issue in Iraq's upcoming parliamentary elections. The country loses millions in lost revenue and damages due to frequent attempts by armed groups, including […]
By John Lee. North America Western Asia Holdings (NAWAH), U.S. Steel Tubular Products, a subsidiary of United States Steel Corporation, and MRC Global Inc. have announced an alliance to bring critical oil well equipment into the natural resources-rich region of southern Iraq. The consortium will serve an international lineup of leading oil and gas companies […]
By John Lee. On 20th March, 2014, Prime Minister Nechirvan Barzani announced a KRG goodwill initiative to make a contribution to Iraq oil export to give the ongoing negotiations with Baghdad the maximum chance of success. The Prime Minister stated that the contribution to oil export from the KRG would be 100,000 barrels per day, […]
By John Lee. Metinvest Group received permission to supply large diameter pipes fabricated from internally produced pipe-making plate for oil and gas pipelines in Iraq. The Oil Ministry of Iraq included Metinvest Group into its list of certified suppliers of large diameter pipes manufactured from internally produced pipe-making plate. The move followed Azovstal Iron and […]
Gazprom Neft has completed laying, testing and connecting a 165 km oil pipeline from the Badra field, which the Company operates in Iraq, to the Gharraf oilfield (Nasiriyah district, Iraq). With infrastructure already in place at Gharraf, completion of the pipeline from Badra means that the field is now connected to the main Iraqi pipeline […]
Jordan and Iraq began a coordination meeting with international companies interested in constructing an oil pipeline between the Iraqi city of Basra and the port city of Aqaba in Jordan. Work on the project will begin soon, and once completed, it will be used to export crude Iraqi oil through the Aqaba port. The final […]
By John Lee. Jordan and Iraq have agreed on executing an oil pipeline to export Iraqi oil through Jordan. KUNA reports that the agreement came after a high-ranking joint meeting attended by the energy ministers of the two countries. The pipeline will pump one million bpd of Iraqi crude to the Red Sea port of […]
By John Lee. Korea's STX Heavy Industries has won a $449 million order to build a 550-kilometer gas pipeline in northwestern Iraq. The pipeline, scheduled for completion in June 2017, will take gas from the Akkas gas field in Anbar, which is operated by Korea's KOGAS. (Source: STX)
