By Simon Kent. The Kurdish Regional Government (KRG) has released a statement saying it has put aside $75 million to pay three IOCs, Genel Energy, DNO and Gulf Keystone. The announcement follows payment disruption to the IOCs from the ongoing Baghdad--Erbil revenues and exports dispute. Additionally, the KRG has pledged regular payments, welcome news to the […]
By John Lee. Turkey's energy ministry has confirmed that the smaller of the two parallel pipelines from Kirkuk to Ceyhan (pictured) was sabotaged early on Wednesday in the district of Cizre in Turkey. Only the 40-inch line was operational at the time of the attack, with the parallel 46-inch line currently idled. Crude oil exports […]
By John Lee. Iran has reportedly started construction on a new gas pipeline to Iraq, which will feed two power plants near Baghdad. The line is an extension of Iran’s 6th cross-country gas pipeline, and will extend 590 kilometers and include five booster stations. The Managing director of Iran's Gas Engineering and Development Company, Alireza […]
By John Lee. Genel Energy has issued the following trading and operations update in advance of the Company's half-year 2015 results, which are scheduled for release on 6 August 2015. Tony Hayward, newly-appointed Chairman of Genel, said: "Production has grown rapidly in the first half of the year, increasing 41% year on year, with operational […]
By John Lee. Iran's PressTV reports that preliminary tests have been carried out over 50 kilometers of the final stretch of the pipeline from Assaluyeh, near Iran's offshore South Pars oil and gas field, to Iraq. A spokesman for the National Iranian Gas Company (NIGC) said the next test will be carried out over the […]
By John Lee. A spokesman for Iraq's Ministry of Oil has said that Iraq is looking for international companies to build a pipeline from Haditha to the Jordanian port of Aqaba. Assem Jihad told NINA: "Iraq signed an agreement with Jordan to extend a pipeline to transport oil through Haditha in Anbar to the Jordanian […]
By John Lee. Iran has issued a tender to build a second pipeline to carry natural gas to Iraq. Trade Arabia reports that the $1.5-billion project will be granted on a build-operate-transfer (BOT) basis, and all costs will be recovered through revenues from gas exports to Iraq. A pipeline will be built from the Iranian […]
By John Lee. Iraq and Turkey have agreed on a new natural gas pipeline project. The announcement was made during the visit of Turkey's Energy Minister, Taner Yıldız, to Iraq on Sunday to attend 17th meeting of the Turkey-Iraq Joint Economic Commission. Technical analysis on a new natural gas pipeline will start soon. According to […]
By John Lee. Following the strengthening of relations between Iraq and Saudi Arabia, and the planned reopening of the Saudi embassy in Baghdad next week, there is now a real possibility that the oil pipeline between the two countries could be reinstated. Saudi Arabia closed its embassy in Baghdad following Iraq's invasion of Kuwait in […]
By John Lee. Reuters reports that Iraqi Kurdistan plans to increase the capacity of its oil pipeline to the Turkish port of Ceyhan to 700,000 bpd. Work to upgrade the line is expected to boost the flow from 280,000 bpd at present to 400,000 bpd by year-end, eventually reaching the design maximum of 700,000 bpd. A […]
By Patrick M Schmidt. The Managing Director of the Iranian Gas Engineering and Development Company, Alireza Gharibi, said he expected tests to begin on the new Iran-Iraq gas pipeline by next month. "Operations for the construction of Iran-Iraq gas pipeline are complete and we are now in the pre-startup testing phase, after which the pipeline […]
By John Lee. An oil pipeline passing through the governorate of Diwaniya has reportedly been sabotaged by an explosion, the first event of its kind in the province. Aswat al-Iraq reports that the explosion was made by dynamite underneath the pipeline that runs from Basra to Baghdad. The explosion took place in Saniya area, 12 […]
