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Iraqi Oil Ministry Prepares 4th Licensing Round

The spokesman of the Iraqi Oil Ministry said on Sunday that the ministry is working to complete the preparations for the fourth oil licensing round. Assem Jihad told AKnews that the fourth round of licences will include the provinces of Najaf, Karbala, Samawa, Diwaniya and Anbar, which were not included in the previous rounds. "The […]

Contracts Awarded at Badra Oilfield

Gazprom Neft has completed the tendering process for the front end engineering design (FEED) for the Badra oil field in Iraq, with the contract being awarded to French Technip, according to Penn Energy. The project preparation is expected to be completed by June 2011. The tender award decision has also been taken for the road […]

Winners of Gas-Field Contracts Announced - Full Details

Iraq has awarded three of its established gas fields to foreign consortia in the third stage of an energy sell-off, as the country races to supply gas to local power plants and to export markets. The three fields, in the south, centre and far west of Iraq were sold at or slightly below the price […]

Gazprom to Drill New Wells in Badrah

A group led by Gazprom Neft aims to start drilling in Iraq's Badrah oilfield next year as part of its plan to reach 15,000 barrels per day by the last quarter of 2013, a company executive said yesterday. Gazprom and its partners plan to issue a tender this month to drill three to four new […]