Tag Archives | SOC

Lukoil Forecasts Exports from West Qurna-2

By John Lee. Andrei Kuzyayev [Andrey Kuzyaev] (pictured), head of Lukoil's overseas operations, has said that Lukoil plans to reach commercial levels of oil production at West Qurna-2 in the first quarter of 2014, and is interested in participating in the Kirkuk oilfield in northern Iraq. He told Reuters: "There are no infrastructure risks [in […]

Petrofac Updates on Iraqi Operations

By John Lee. In its final results for the year ended 31st December 2012, oil and gas service provider Petrofac issued the following updates on its operations in Iraq: Badra oilfield development project, Iraq In February 2012, we were awarded a US$330 million lump-sum EPC contract by Gazprom for the first phase of the Badra […]

Employees Win Concessions at South Oil

By John Lee. MP Suzan al-Saad, a member of the Oil and Energy Parliamentary Committee, has announced that a committee is to be formed to solve the problems of the employees at the South Oil Company (SOC), who have been protesting against working conditions. According to a report from AIN, the committee will include the […]

West Quran 2 Contract Terms Revised

By John Lee. The Chairman of Russia's LUKoil, Vagit Alekperov, has signed an amendment to the contract to develop the West Qurna-2 oil field with the South Oil Company (SOC). According to the amendment, the 18.75 percent share of the project formerly owned by the Norwegian company Statoil is to be taken over by LUKoil, […]

Iraq Names New Deputy Oil Minister

By John Lee. The former head of the South Oil Company (SOC), Fayadh Hassan Nima [Niama], has been named to replace Ahmad Shamaa [Ahmed al-Shamma] (pictured) as Deputy Oil Minister. Shamma, whose responsibilities included downstream activities and overseeing the Basra Gas Company -- the  joint venture between Shell, Mitsubishi and the South Gas Company -- […]

BP Proposes Cuts to Rumaila Target

BP is said to be close to reaching a deal with Iraq to cut the final production target for the Rumaila oilfield to between 1.8 million and 2.2 million barrels per day (bpd). According to Reuters, officials from BP, the state-run South Oil Company (SOC), and the Ministry of Oil, have been in talks for […]

South Oil Company and BIC Discuss Investment

The chairman of the South Oil Company (SOC), Mr. Dhiaa Al- Mousawi, visited Basra Investment Commission (BIC) last week and met its new chairman Mr. Khalaf Al- Badran. They discussed the possible means of creating joint cooperation in order to reactivate the investment opportunities in a step to develop investment in Basra. The chairman of […]

Practical Lessons in Selling to the Iraqi South Oil Company

By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. This article was originally published on the Emerging Economics blog. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. We have been working with a substantial international company in Iraq […]

Two Security Firms Win Big Iraq Contracts

Two more security firms have won contracts worth hundreds of millions of dollars to build the State Department a private army in Iraq, according to a report from Wired's 'Danger Room'. Contractors Triple Canopy and newcomer Global Strategies Group will contribute to the State Department’s planned protection force of 5,500 contractors. In September, the State […]