By John Lee. The Wall Street Journal reports that the China Petroleum Pipeline Engineering Corp. (CPPE) and Iraq's State Company for Oil Projects (SCOP) have secured a contract worth up to $317 million to build an oil pipeline from the Missan oil fields to the export terminals in southern Iraq. Over a period of 14 […]
By John Lee. Ashti Hawrami (pictured), the Natural Resources Minister of the Kurdistan Regional Government, said on Wednesday that Iraqi Kurdistan will start exporting crude oil by pipeline "very soon" after the completion of a new link to the Turkish border by the end of September. Bloomberg quotes the minister as saying that the pipeline to […]
By John Lee. Genel Energy has said it has made significant progress on getting a pipeline to reach the Turkish border. Conversion of a pipeline in the Kurdish region from natural gas to oil could be finished as early as the fourth quarter of this year, reports UPI. The company said it expects exports to […]
By John Lee. Commenting in Oilprice.com on the newly-announced, $18-billion pipeline from Iraq to Jordan, John C.K. Daly says that while it is easy to understand the appeal of such a project in energy-starved Jordan, the geopolitical issues remain significant and seemingly unresolved. The 1,043 mile-long dual pipeline would be capable of transporting one million barrels of […]
The Iraqi embassy in Cairo says there are "no further plans" regarding an oil pipeline from Iraq to Egypt, but confirmed that Iraq's State Company for Oil Projects (SCOP) signed an agreement for the export of oil to Egypt. "There is currently an agreement between us, but we haven’t yet received any official communications from […]
By John Lee. The Iranian Deputy Oil Minister Javad Oji (Owji, Ouji) (pictured) has announced that the country will start exporting 40 million cubic meters (mcm) a day of natural gas to Iraq by summer 2013. Iran's PressTV reports that an agreement has been reached to supply Iraq via two separate routes. Construction of the “friendship” pipeline […]
By John Lee. Nihad Mossa, director general of the Ministry of Oil's State Company for Oil Projects (SCOP), told The Jordan Times on Monday that Jordan and Iraq have signed an $18-billion agreement to build a double pipeline that will supply Jordan with crude oil and natural gas. He added that the Iraqi government is keen […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is close to completing design of a pipeline to carry Iraqi oil to Jordan and Egypt through the Gulf of Aqaba. Once completed, the project is to be handed over […]
By John Lee. Iranian deputy oil minister Javad Owji [Ouji, Oji] (pictured) says the country’s revenues from the planned export of natural gas to Iraq will reach $1.5-$2 million a day. According to a report from PressTV, he went on to say that Iran will start delivering gas to its western neighbour within three months. […]
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 […]
