The latest Shell Oil Company Iraq news – oilfields, pipelines, investment and more -brought to you by Iraq Business News
By John Lee. Malaysia's Petronas has reportedly decided to withdraw from its 30-percent participating interest in Iraq’s giant Majnoon oil field. According to Bloomberg, the decision came as the company considers the returns to be too low. It is expected to hire advisers to help find an interested party to take up the holding. Shell is […]
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has reportedly said that Chevron and Total have expressed interest in developing the Majnoon oilfield. Oil giant Shell is trying to sell its stake in the field following a failure to reach agreement with Iraq’s Ministry of Oil. Reuters quotes the Minister as […]
Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said an agreement will soon be signed with Iran to jointly invest in two oil fields shared between the two countries. Last month, Iraq’s Ambassador to Tehran, Rajih al-Mussawi, said his country was considering a plan to cooperate with Iran to develop the Azadegan oil […]
By John Lee. Oil giant Shell is trying to sell its stake in the Majnoon oilfield (pictured) in southern Iraq, following a failure to reach agreement with Iraq's Ministry of Oil. A Shell spokesman told UAE-based newspaper The National: “Following extensive discussions with the Ministry of Oil, the oil minister of Iraq formally endorsed a […]
By Ashley Goodall. Is the UK overlooking a key USP for British International businesses? Education and training footprint of British companies around the world has a significant and excellent impact on communities and economies and is often taken for granted. As the UK ramps up its trade rhetoric and a ‘Global Britain’ emerges, one of […]
Ratba’a Contracting Company has just joined the Iraq Britain Business Council (IBBC). Ratba’a is an Iraqi Company based in Basra and Baghdad and is owned by Haj Aboud Al Khlaidy & Sons Group. The group works to deliver projects in key sectors such as oil and gas (currently Shell, Petronas and BP are major clients), […]
The Iraq Britain Business Council (IBBC) held its annual weekend retreat on 7-9 July at Cumberland Lodge, Windsor Park, a venue dedicated to the advancement of international societal issues through constructive dialogue. Around 60 IBBC Members and guest speakers attended this unique event to discuss pressing issues on the future of Iraq’s economy, prospects and […]
Genel Energy has announced that Esa Ikaheimonen has been appointed as Chief Financial Officer. He will be based in London and will join the Company on 3 July 2017. Esa has over 25 years of oil and gas industry experience, most recently as Group CFO of leading publicly listed offshore drilling companies Transocean and Seadrill. […]
Enabling children to grow, develop skills and remain safe “Every day on my way home from school, my friends and I spend our afternoon playing at the playground,” said Mahdi, 11, from Al Nashwa sub-district of Basra, South of Iraq. In 2015, and under the UNDP-Shell Partnership, four playgrounds were constructed between Basra’s sub-districts of […]
Oil-producing countries yet to address their gas flaring may begin to feel there are no more excuses. In a remarkable and bold decision, the government of Iraq recently endorsed the “Zero Routine Flaring by 2030” Initiative, (ZRF), which means the country has committed to not routinely flare associated gas in any new oil fields and […]
By Ashley Goodall. Back to the future. The restoration of Iraq and British expertise. Iraq has been in the news for a generation and our perceptions have been coloured by conflict and the near destruction of the Middle East’s most wealthy and civilised country. In the 1970’s Iraq was not only a secular and relatively […]
By John Lee. According to a report from Bloomberg, the International Energy Agency (IEA) has predicted that Iraq will retain its position as OPEC’s second-biggest oil producer, adding 700,000 barrels per day (bpd) to reach 5.4 million bpd by 2022. Most of the increase will come from southern oilfields, such as the Shell's Majnoon project. […]
