Iraq says 26 companies allowed to bid for oil, gas blocks in border areas

Friday, 12 January 2018

The Iraqi oil ministry said on Friday 26 companies have qualified to bid for oil and gas blocks in border areas.Five companies qualified recently to take part in the bidding round, alongside 21 others already selected, the ministry said in a statement.In November Iraq invited foreign companies to bid for contracts to explore and develop oil and natural gas reserves in nine new blocks as the OPEC nation seeks to boost its output capacity.The bidding terms will be finalized by the end of May and ...

Iraq offers nine oil and gas blocks for exploration near Iran, Kuwait borders

Sunday, 26 November 2017

Iraq will invite foreign energy firms to bid for the exploration and development of nine new oil and gas blocks bordering Iran and Kuwait, the oil ministry said in a statement on Sunday. Iraq is to hold a press conference on Monday to announce details of the exploration blocks which are located in the south and east of the country and include one offshore block in the territorial waters, according to the statement. “The ministry is targeting to boost both ...

Shell says to focus on Basra gas in Iraq after Majnoon exit

Wednesday, 13 September 2017

Oil major Royal Dutch/Shell said on Wednesday it would focus its efforts on the development and growth of the Basra Gas Company in Iraq after handing over operations of the Majnoon oil venture back to the Iraqi government. On Tuesday, Reuters reported that Shell Iraq has started preparations to finalise the exit of Shell from Majnoon, one of the largest fields in the country. “In May 2017, the ministry of oil in Iraq applied the performance penalty and remuneration factor on the Shell ...

Iraq secures $195 mln Japanese loan for electricity sector

Saturday, 5 August 2017

Japan has agreed to lend Iraq up to $195 million for a project to help repair a thermal power station in the southern province of Basra, an Iraqi government statement said on Saturday. Though Iraq is a major OPEC oil producer, the country faces chronic electricity shortages, with its fragile grid struggling to meet demand after years of war, sanctions and neglect. The loan was signed during a visit to Iraq by Japan’s State Minister for Foreign Affairs, Kentaro Sonoura, who met Prime ...

Iraq plays against Jordan in first match after ban lifted

Thursday, 1 June 2017

Iraq has kickstarted on Thursday its match against Jordan, considered to be its first friendly game match Fifa lifted ban games on its territory.The game started at 10:00 pm (local time) in the southern Iraqi city of Basra.“Today’s match is a good initiative to lift ban on Iraqi stadium,” Iraqi national team coach Basim Qasim said in a statement. “We feel proud,” he said “since we are fulfilling this aim of lifting the ban.”“What our national team ...

Suicide car bomb explodes on highway near oilfields in southern Iraq

Friday, 19 May 2017

A suicide car bomber blew himself up at a checkpoint on a highway near oilfields in Iraq’s southern province of Basra on Friday, police sources said.Several people were killed in the blast at the Rumeila checkpoint, including two soldiers and a number of civilians in a bus, the sources said.

Iraq to double oil export capacity at terminal to 1.2 mln bpd

Thursday, 26 January 2017

redging operations have started to deepen the sea bed at the Khor al-Amaya terminal, to enable the loading by Suezmax vessels

Halliburton to drill wells, doubling Iraq’s Majnoon oil field output

Thursday, 19 January 2017

Should rise to about 400,000 barrels per day in three years, from 220,000 bpd now, according to sources

Angry protestors describe Iraq’s ex-PM Maliki ‘head of thieves,’ ‘trash’

Monday, 12 December 2016

Angry protesters on Sunday have stormed a meeting held by Iraq’s former Prime Minister Nouri Al-Maliki in the country’s most southern city of Basra. News of Maliki touring Basra prompted protesters to take to the streets asking the former premier from 2006 to 2014 to leave the city. Maliki was scheduled to hold the meeting at the Cultural Center in Basra. In one of the videos published, protestors outside the center were heard chanting: “Maliki you are trash, head of the ...

Scorching Iraq records hottest day so far this year in Basra city

Saturday, 23 July 2016

Weather forecaster Nagham Mohammed expected temperatures Saturday to hover around 49 degrees Celsius

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