The latest Rumaila business news – BP, CNPC, the Rumaila Oil Contract and more – brought to you by Iraq Business News
One of the most advanced water pumping facilities in Iraq has been constructed at the Rumaila oilfield to help boost oil production and support the field's long-term strategy. Cluster Pump Station Six (CPS-6) is the first CPS facility to be built at Rumaila for around 40 years. It is also the first CPS constructed by […]
By John Lee. Both BP and Lukoil are reported to be considering quitting upstream oil operations in Iraq. Reuters quotes Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail, as making the comments during a parliamentary session last week. Last month, BP was said to be planning to spin off its Iraqi operations in Iraq into a separate […]
The Rumaila Operating Organisation (ROO) has announced its 2020 performance results. The field's oil production rate averaged 1.392 million barrels per day (bpd), despite the impact of COVID-19, a budget reduction and compliance with instructions from BOC to reduce oil production, which reflected OPEC+'s request for Iraq to curtail oil exports. The year's strong performance […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Demise of ExxonMobil in the Iraqi Petroleum Sector A recent announcement by the Ministry of Oil (MoO) confirms months of speculation regarding ExxonMobil exiting one of the world's super-giant oilfields, i.e. […]
By John Lee. Iraq's Ministry of Oil has invited bids fto build the Iraq-Jordan oil pipeline. The first phase will be built on the Iraqi side, stretching 700 km from Rumaila to Haditha. This will have a capacity of 2.25 million barrels per day (bpd). This will be built on an engineering, procurement, construction and […]
By John Lee. The Basrah Gas Company (BGC) and Shamara Holding have reportedly signed a contract under which Shamara will supply electricity to the Basra Natural Gas plant. According to The National, the contract will enable the plant to process by-product gas that would other wise be flared from the Rumaila, Zubair and West Qurna-1 […]
The Rumaila oilfield produced 1.467 million barrels per day (bpd) in 2018 – the oilfield’s highest annual rate of production for 30 years. 2018 also saw the milestone of four billion barrels of oil produced since the Rumaila Operating Organisation [ROO] began operating in June 2010. The results were reported in the 2018 Rumaila Annual […]
Staff at BP and the Rumaila Operating Organization (ROO) have raised $17,200 for the Iraqi Children Foundation (ICF). According to Julian O'Connell, Rumaila Deputy General Manager and BP Iraq General Manager, this is by far the largest amount they have ever raised with their annual charity fun run. ICF Director Cindy Fogelman expressed the charity's […]
By John Lee. The Basra Gas Company (BGC) is expected to increase production from its current level of 900 million cubic feet per day (mcf/d) to 1,050 mcf/d by the end of this year. A statement from the Ministry of Oil on Thursday added that the project aims to reach a target of 2,000 mcf/d […]
UK-based Amarinth has secured its first order from Iraq Gates Contracting Company (IGCC) for $410K of API 610 OH1 pumps on 22-weeks FCA delivery for the Rumaila oil field, Iraq. This first order for Amarinth from Iraq Gates Contracting Company (IGCC) of $410K is for ten API 610 OH1 condensate transfer pumps with Plan 11 […]
Bright and early last Saturday morning, runners in the Washington, DC area took off when the starting gun fired. It was the sixth annual IN THEIR SHOES 5K for Iraq's most vulnerable children. This year, for the first time, the US-based 5K was joined by a "sister" 5K in Basra, Iraq, hosted by BP. Veterans, Iraqi-Americans, diplomats, businesses, children, […]
By John Lee. China's Zhongman Petroleum and Natural Gas Group (ZPEC) and BP Iraq have signed an integrated drilling service contract for 15 wells at Iraq's Rumaila oilfield The contract amount is worth approximately $60 million. It is understood that the project was publicly tendered in November 2017. According to a statement from the company, […]
