Tag Archives | Ukaz

Investment Opportunity: Free Zones

By John Lee. Iraq's National Investment Commission (NIC), in coordination with the General Committee for Free Zones, has announced the following investment opportunities: The expansional area in Khor Al- Zubair on the land lot No. (13/8 M 44 Hila and 1/3, 2/2, 1/3 M 20 Shaawan) with total area of (20,364,200 M²) that is overlooking […]

Iraq Signs Final Akkas Gas Deal with KOGAS

Iraq's oil ministry has signed a final deal with Korea Gas Corp. (KOGAS) to develop its Akkas gas field in the western province of Anbar, according to Reuters. Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round last October. But KazMunaiGas pulled out of the […]

Iraqi Cabinet Approves Akkas deal

Iraq's cabinet has approved a contract with South Korea's KOGAS to develop the Akkas [Ukaz] gas field in western Anbar province, the country's largest, according to a report from Reuters. The cabinet approved the deal on Sept. 13 and the source said it will be signed Oct. 15. "Final signature of Akkas gas deal with Kogas […]

Call to Exploit Border Oil Field Between Iraq and Jordan

The Chairman of Anbar Province’s Council has called on the Iraqi government on Saturday to invest in al-Risha oil field with, shared between Iraq and Jordan, and to lay down clear steps to exploit the field. “We call on the Iraqi government and the Oil Ministry to expoit al-Risha Oil Field on the Iraqi side […]

'Major Progress' in Anbar Gas Stand-Off

"Major progress" is reported in negotiations between Iraq's Oil Ministry and the local government in Anbar Province in western Iraq regarding the contracts to develop the gas fields in the province. Aswat al-Iraq quotes Assem Jihad, a leading Oil Ministry spokesman, as saying on Sunday that “the Oil Ministry has discussed with Anbar Province and […]