Tag Archives: Iraq Business News

Iraq in Talks on Gas Exploration in Western Desert

Iraq’s Oil Minister Ihsan Abdul-Jabbar Ismail has said that the Iraqi National Oil Company (INOC) has opened a dialogue about gas exploration in the Western Desert in Anbar Governorate. The company involved was not named, but was described as “one of the major international companies”. The Minister said Iraq is …

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Shell in Talks to Boost Iraq’s Gas Production

Shell is reported to be in talks with Iraq to boost Basra Gas Company’s capacity. According to S&P Global Platts, BGC is planning to increase capacity for gas production from 1 billion cubic feet per day (Bcf/d) now to 1.4 Bcf/d in two years; discussions with Shell could see that …

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Iraq Confirms Oil Exports for June Exceeded $6bn

Iraq’s Ministry of Oil has announced finalised oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately …

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Siemens to Rebuild West Mosul’s Super-Grid Station

Siemens Energy and the Ministry of Electricity of the Republic of Iraq signed a contract to construct Iraq’s West Mosul 400-kilovolt (kV) super grid station, which will provide reliable and efficient power supply to around 700,000 Iraqi citizens in northern Iraq, particularly the Nineveh province. The construction of the Mosul …

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Iraq may Buy Exxon Stake in West Qurna 1

Press reports quote Iraq’s oil minister as saying that Iraq could buy ExxonMobil’s 32.7-percent stake in the West Qurna 1 oil field. Ihssan Abdul-Jabbar Ismail told a news conference on Monday that the government might purchase the stake via the state-owned Basra Oil Company (BOC). BOC previously took over the …

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Iraq to Invest $3bn in Basra Gas Company

Iraq’s Oil Minister, Ihssan Abdul-Jabbar Ismail, has said that Iraq will invest $3 billion in the Basra Gas Company (BGC) over the next five years, as it pushes ahead with plans to increase gas production. The money will fund projects intended to increase BGC’s gas production capacity from 1,000 to …

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Iraq Signs 4 Major Energy Deals with Total

Iraq’s Ministry of Oil has signs an agreement of principles with the French company Total for four major energy projects in the country: 1. Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include …

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