Iraq Review

STAR plans to process 8 million tonnes of crude oil by the end of the year. As of next month, STAR will start buying Iraqi oil from the GulfThe State Oil Company of Azerbaijan Republic (Socar) is due to purchase crude oil from Iraq next month to process at the Socar Turkey Aegean Refinery (STAR...






The United States is urging Baghdad to sign energy deals with US companies, including a share for General Electric of a $14 billion power scheme that Washington says would help wean Iraq off Iranian energyIraq has contingency plans for any stoppage of Iranian gas imports for its power grid but hopes...






The block is located in Mesopotamian basin and it is surrounded by areas that have several large oil and gas fields. A Chinese drilling contractor Zepec is drilling the well on an integrated project management basisState-owned Pakistan Petroleum Limited (PPL) spud the first exploration well in Iraq...






Baghdad would meet soon with authorities from the Kurdistan Regional Government to discuss issues relating to oil exports from the semi-autonomous region, as well as the budget agreementIraq's oil minister said his country had the capacity to increase its oil production to 6 million barrels per day...






As pressure on the industry grows to clean up its act, there is growing momentum in Iraq to cut flaring and use the gas to provide vital power supplies in a country with a booming population that is rebuilding after years of war. Shell is leading the wayLike so many major oil producers, Iraq has...






Given that Iranian contractors do not have international certificates and licences, Iran is cooperating with the Iraqi Ministry of Oil to set up a mechanism through which those Iranian companies that are approved by the NIOC, receive approval from IraqThe National Iranian Oil Company (NIOC...






Iraq also relies on Iran for natural gas that generates as much as 45 per cent of its electricity. Iran transmits another 1,000 megawatts directly, making itself an indispensable energy source for its Arab neighbourIran is about to raise gas exports to neighboring Iraq to 35 million cubic metres a...






The contract aims to process associated gas with capacity of around 300 mmscfd from Halfaya oilfield, which is located in the east of the Maysan’s provincial capital Amarah, and is the largest oilfield of Maysan oil companyIraq and a Chinese company have signed a $1.07 billion agreement to process...






The $700 million expansion underway at the Khor Mor plant will include the addition of two new production trains as well as drilling of new wells with plans to raise production from the current 400 mmscfd to 650 mmscfdPearl Petroleum Company Limited, the consortium led by Crescent Petroleum and Dana...






Iraq would require the launch of new refinery projects, and subsequent investments into the downstream sector to build up the needed ecosystem and facilities to supply the nation with products including gasoline and gasoilEven as oil companies have earmarked a significant amount of capital to invest...






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