Genel Energy has said it expects to export oil by pipeline from its fields in Iraqi Kurdistan by 2014. The company's CFO, Julian Metherell (pictured), said: "We can expect by 2014 to be accessing the export markets from our major assets, whether that is through Baghdad controlled infrastructure or through Kurdistan." Genel posted full year revenues […]
By John Lee. AUMA, the German-based manufacturer of electric actuators, actuator controls and valve gearboxes for the oil and gas industry, has won a $2-million order to supply more than 400-explosion proof actuators and gearboxes in Iraq. Working together with the Ministry of Oil's State Company for Oil Projects (SCOP), the company will supply actuators […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey has reportedly struck a massive oil and gas agreement with Iraq's Kurdistan Regional Government, a move that would strain Ankara's ties with the US and the central government in Baghdad. According to […]
By John Lee. A second bomb blast has set fire to a pipeline carrying fuel oil from Beiji [Bayji, Baiji] refinery (pictured) to Nineveh province, reports Reuters on Wednesday. A similar attack on Saturday disabled the 16-inch pipeline, which is used to transport fuel oil. "Terrorists placed bombs and landmines around the location of the […]
By John Lee. Iraq's Cabinet has authorized the Oil Ministry "to sign an agreement of principles" on two key oil and natural gas pipeline projects, reports Platts. The agreement will be between the Iraqi Oil Ministry, the Iranian Oil Ministry, and the Syrian Oil and Mineral Resources Ministry, and it relates to the construction of […]
By John Lee. The China Petroleum Pipeline (CPP) company is said to be close to winning a $650-million contract to build a pipeline linking the southern oilfields in Maysan province to the al-Fao [al Faw] storage depots. The chief of state-run Maysan Oil Company, Ali Maarij, told Reuters, that the line will expand the export […]
By John Lee. Genel Energy has started shipping crude oil directly into Turkey from its Taq Taq oil field (pictured) in Iraqi Kurdistan, two weeks after exports from the region were halted, reports Bloomberg. According to the report, the KRG won’t resume exports through the central government pipeline network until the federal authorities pay the […]
By Padraig O'Hannelly. A year after the withdrawal of US troops, the terrorist attacks in Iraq continue, and the tensions between central government and the Kurdistan Regional Government continue to rise. In the year ahead, we can expect to see further developments in the ongoing battle between Erbil and Baghdad over control of oil contracts […]
At a roadshow in London today, Iraq sought investors for two new oil pipelines: A 2.25-million bpd line from Basra to the pumping station at Haditha, to be built on an EPC (engineer, procure and construct) contract; and, A 750,000- to 1-million bpd line from Haditha to the port of Aqaba in Jordan, on a […]
According to a report from NINA, Iraq's Minister of Oil, Abdul Kareem Luaibi [Elaibi], has announced that since Tuesday 4th December crude oil has been pumped through the "Strategic Pipeline", which runs North-South through Iraq. Iraq Business News has been unable to verify the report, which also did not specify the direction in which the […]
By John Lee. OptaSense, which is owned by QinetiQ, has secured a key pipeline security contract in Iraq. The contract is to help provide protection to a new 180km pipeline corridor, owned and run by the State Company for Oil Project Iraq (SCOP). OptaSense will be providing the technology to allow vital operational and security […]
By John Lee. Iraqi Oil Ministry spokesman Asim Jihad has told Aswat al-Iraq that Korea’s state-run Korea Gas Corporation (KOGAS) will soon begin work on the first stage of a new pipeline linking Kirkuk to Beiji [Bayji, Baiji]. According to the report, the $128-million project will bring dry and liquid gas from Kirkuk to Beiji, and […]
