Iraq Sells Oil and Gas Fields for First Time since 2018
For the first time in the last 6 years, Iraqi authorities are holding a competition for the distribution of oil and gas licenses. More than 20 European, Chinese, Arab and Iraqi companies entered the competition, but not a single major oil company from the United States. Let us recall that …
Lukoil Signed an Additional Agreement with Iraq to Increase Oil Production
Lukoil has entered into an additional agreement on the West Qurna 2 project in Iraq, which provides for the extension of the service contract for ten years, until 2045, and a gradual doubling of the field’s capacity with a production plateau of 800 thousand barrels per day, the company reported. …
TAGRAS is Developing Connections with Foreign Partners
A delegation from the Arab Well Logging Company visited the TAGRAS Holding on a partner visit. The guests got acquainted with the production potential of the divisions and discussed the possibilities of cooperation. The working meeting of representatives of the Iraqi oil service company and the management of the TAGRAS …
Sinopec Pulled Out of Mansouriya Gas Project in Iraq
Chinese Sinopec has withdrawn from the Mansuriya gas field in Iraq, a representative of the Iraqi Ministry of Oil said at the presentation of blocks of new licensing rounds, writes Energy Intelligence. The Chinese company won the contract to develop the project with reserves of 4.5 trillion cubic feet in …
Drilling of Another Well Has Been Completed in the Nasiriya Field in Iraq
Drillers from the Iraqi Drilling Company (IDC) completed drilling of oil production well 61, reaching a depth of 2096 meters in the Nasiriyah oil field in the Dhi Qar province. The Iraqi Ministry of Oil reported this on September 4, 2023. This is the 15th production well constructed by IDC …
Oil Production in Kurdistan is Recovering
Norwegian DNO resumes production at the Tawke field in Iraqi Kurdistan after pipeline supplies from the region to the Turkish port of Ceyhan resumed for further exports The Norwegian DNO, which is developing oil deposits in Iraqi Kurdistan, has announced the resumption of production at the Tawke field. Production was …
Petronas Sells Its Stake in Iraq’s Garraf Oil Field
Malaysian Petronas has notified the Iraqi side that it wants to sell its stake in the operator’s participation in the Garraf oil field (Garraf) with a capacity of 155 thousand barrels per day. This was reported on July 4 by the information portal Iraq Oil Report. According to the publication: …
Saudi Aramco Will Take Part in the Development of a Gas Field in Iraq
Saudi Aramco will participate in the development of the Akkaz gas field in western Iraq’s Anbar province to produce 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel Ghani announced on Thursday while attending an Iraqi-Saudi coordination council. The ministry’s press service quoted him as saying. …
Russia and Iraq Confirmed the Commitment to Reducing Oil Production
Energy Deputy Prime Minister, oil minister Iraq Hayan Abdel Gani and his Russian colleague, Deputy Prime Minister of the Russian Federation Alexander Novak announced the importance of collective actions and unified positions of the OPEC-OPEC+ oil and stability for the stability of world oil markets, confirming the retention of oil …
Iraq Invited International Companies to Develop Oil and Gas Fields
Iraqi Oil Minister Hayan Abdel Ghani has invited international companies to bid for investment projects to develop 13 fields and exploration sites in the country’s northern, central and southern provinces, the oil ministry’s press office said in a statement to RIA Novosti. “The Ministry seeks to increase oil and gas …