By John Lee. The Iraqi Drilling Company (IDC) has completed drilling two oil wells: The first well, a delineation well, was drilled in the East Baghdad/Al-Rasheediyah field for the Midland Oil Company (MdOC). The second was drilled in the Qayara [Qayyarah] field in Nineveh province for Angola's Sonangol, marking the tenth well delivered by IDC […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated the construction of the Qayara [Qayyarah] Combined-Cycle Power Station, which will add 375 megawatts (MW) of capacity and raise the station's total output to 1,125 MW. The Prime Minister highlighted the importance of combined-cycle systems in improving electricity generation efficiency. He said the government's strategy […]
By Michael Knights, for the Combating Terrorism Center (CTC) at West Point. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Oil and the Iran Threat Network Iran-backed terrorist groups and militias are developing significant new strands of threat financing using Iraq's oil sector, […]
By John Lee. The Iraqi Drilling Company (IDC) has completed drilling the first well (LF2) under its contract with Sonangol to drill 13 oil wells in the Qayyarah [Qayara] oilfield, Nineveh province. Drilling operations were conducted using the IDC 223 rig, with a horsepower capacity of 800, demonstrating the technical expertise and efficiency of IDC's […]
By John Lee. Iraq's Council of Ministers has approved the conversion of the Qayyarah [Qayara] Gas Power Plant from simple-cycle to combined-cycle operation. According to a statement from the Prime Minister's Office, the State Company for Northern Electricity Production has been authorised to award the contract to 'ARGAN INT', following the completion of procedural requirements. […]
By John Lee. The state-owned Iraqi Drilling Company (IDC) has signed a contract with Angola's Sonangol to drill 10 developmental wells and 3 optional appraisal wells in the Qayara [Qayyarah] oil field, part of the North Oil Company (NOC)'s fields. T he project will be executed on a turnkey basis in collaboration with Baghdad-based Arab […]
By John Lee. Iraq's Cabinet has revised the sale price of asphalt to 450,000 dinars [$343] per ton, up from 350,000 dinars, applicable equally to both public and private sectors. Asphalt from the Qayyarah refinery will remain at 300,000 dinars per ton for all types, with pricing to be reviewed in four months. An 80-percent […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani inaugurated several electricity projects in the provinces of Nineveh and Salahuddin aimed at reducing bottlenecks in the transmission and distribution sectors. The projects include: the Mosul Dam station with two transformers (2x 250 MVA); the Yarmja South station (KVA 132); transmission lines from Yarmja to Qayara station […]
By John Lee. The Oil Exploration Company has started a 3D seismic survey of the Qayara oil field in Nineveh province, under a contract with Angola's Sonangol. General Manager Osama Raouf Hussein said the seventh seismic team is conducting the survey over an area of 135 square kilometers, with the work expected to take 150 […]
By John Lee. Angola's Sonangol has signed a contract with the Iraqi Oil Exploration Company to carry out a 3D seismic survey of its Qayara [Qayarrah] oil field in Nineveh Province. The Ministry's Undersecretary for Extraction Affairs, Bassem Mohammed Khudair, said: "This contract aligns with our strategic vision for the oil sector by involving national […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced the restart of production, loading, and export operations from the Qayyarah oil field in Nineveh Governorate. The field has a capacity of 33,000 barrels per day (bpd). Tankers and rail will be used for transportation. Around 30,000 bpd will be exported to the ports […]
By John Lee. Iraq's Minister of Oil has announced upcoming investment opportunities in the refining industry. Minister Hayan Abdul-Ghani said the plans include increasing refining capacities as follows: Al-Amarah refinery (150,000 barrels per day); Al-Muthanna refinery (100,000 barrels per day); Kirkuk refinery (100,000 barrels per day); Qayyarah refinery (70,000 barrels per day), and, a new […]
