By John Lee. The Chief Executive of Russia's LUKoil has reportedly confirmed that the company may reduce its stake in Iraq's West Qurna-2 oil field. Reuters cites Vagit Alekperov as making the comment on Thursday during a visit to the company's facilities in Nizhny Novgorod. (Source: Reuters)
Tag Archives | Russia
4,000-year-old City discovered in Iraq
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 4,000-year-old city discovered in Iraq A group of Russian archaeologists made an impressive discovery in Iraq's Dhi Qar governorate, where an ancient settlement about 4,000 years old was […]
IOC's Strategic Positioning in Iraqi Upstream Petroleum
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IOC's Strategic Positioning in Iraq Upstream Petroleum Much talk have been circulating recently on "Big Oil" abandoning Iraq upstream petroleum projects after they rushed into the country many years ago. How much […]
Tags: Ahmed Mousa Jiyad, al-Ahdab, Badra, Bashneft, Basra Gas Company, BGC, Block 10, BP, China, China National Petroleum Corporation (CNPC), CNOOC News, CPECC, Eridu field, Exxon, Exxon Mobil, ExxonMobil, featured, Garraf, Gazprom, Gharraf, Inpex, Itochu, Japex, Majnoon, mn, Nibras, Occidental Petroleum, oil contracts, Rosneft, Russia, Shell, SINOPEC, Total, TotalEnergies, United States, Zhenhua Oil, Zubair
China to Snap Up Iraqi Oil Assets?
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 […]
Iraq "Planning 8 Nuclear Power Stations"
By John Lee. Iraq is reportedly planning to build eight nuclear power stations to provide much-needed electricity. According to Bloomberg, the $40-billion scheme would provide 11 GW of power to the Iraqi grid. Click here to read the full article. (Source: Bloomberg)
LUKoil announces Plans for Iraq's Block 10
By John Lee. The head of Russia's LUKoil has said that the company plans to start production at Iraq's Block 10 at the end of 2022 or in 2023. Vagit Alekperov (pictured) told a Reuters that output will start at 30,000 barrels per day (bpd). The field is being developed by LUKoil (60%) and Inpex […]
Increasing Oil Production at West Qurna 2
By John Lee. Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail, has announced the start of experimental operations at the Yamamah reservoir in the West Qurna 2 oil field, with the aim of increasing output from the reservoir from 10,000 barrels per day (bpd) to 350,000 bpd. When fully implemented, the development would bring total production at […]
New Russian Ambassador to Iraq
By John Lee. On 25 May 2021, Foreign Minister, H.E. Mr. Fuad Hussein received a copy of the credentials of H.E. Mr. Elbrus Kutrashev, the Ambassador Plenipotentiary of the Russian Federation to Baghdad. The two sides held talks on ways to improve bilateral relations between the two countries, and the importance of enhancing cooperation opportunities […]
Iraq in Talks to build Nuclear Reactors
By John Lee. Iraq is reportedly in talks with Russia, France and the United States regarding the construction of three civil nuclear reactors. According to The New Arab, the Head of the Iraqi Radioactive Sources Regulatory Authority (IRSRA) said that several preliminary meetings had been held to study the feasibility of setting up the reactors. […]
Tags: Electricity In Iraq, featured, France, Iraqi Radioactive Sources Regulatory Authority (IRSRA), mn, Nuclear, Russia, United States
Iraqi Oil Minister Visits Tatneft HQ
By John Lee. On a recent visit to the Russian republic of Tatarstan, Iraq's Oil Minister Ihssan Abdul-Jabbar Ismail attended a presentation that the headquarters of the oil company Tatneft. The Iraqi delegation also visited the Taneco Oil Refining Complex, the Kama Tyres manufacturing plant, and the Nizhnekamsk Truck Tyre Factory. Nail Maganov, General Director […]
Iraq Approves Russian COVID Vaccine
By John Lee. The Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, has announced the approval of the Russian Sputnik V vaccine against coronavirus by Iraq's Ministry of Health. Iraq has become the 45th country in the world to register Sputnik V. The vaccine was registered under the emergency use authorization procedure. (Source: RDIF)
Tags: coronavirus, covid19, featured, mn, Russia, Russian Direct Investment Fund (RDIF), vaccination
Russian Oil Firm to Finance Nassiriyah Development
By John Lee. The Dhi Qar Oil Company (DQOC) has reportedly said that Litasco, the international marketing and trading company of Russia's LUKOIL, will finance the doubling of capacity at the Nassiriyah oil field from 100,000 barrels per day (bpd) t0 200,000 bpd. The project includes a 42-kilometer pipeline, and will be a joint venture […]