Iraq Review

Iraq government’s plan is to increase oil production capacity to 6.5 mbpd by 2022. To reach this target, a stable relationship with Kurdistan and other regional players and an attractive investment climate for oil companies must be createdWith output of around 4.4 million barrels per day (mbpd...






The ministry of oil’s refusal to publish data has thrown doubt and uncertainty over how much Iraq is currently producing. In January, the last month in which the ministry published detailed figures, state oil company production amounted to 4.224 mbpdUnder the Opec/non-Opec production agreement...






Lingering security concerns in former Islamic State strongholds, the breakdown in relations between Baghdad and Erbil, and pervasive corruption all threaten to undermine efforts to revamp Iraq’s vital oil and gas sector Iraq's oil and gas infrastructure has taken a hammering since Islamic State...






The company brings the latest technologies and techniques to support the oil and gas and petrochemical industries besides undertaking manufacturing and mechanical fabrication, total turnaround and thrust boringAnabeeb, a large Saudi-based industrial services and maintenance company serving the...






As has been the case elsewhere in the region, Asian companies driven by a different set of priorities have helped offset the decline in Western interest. But the shift raises serious questions about the future trajectory of Iraq’s oil outputWestern oil majors have been rethinking their investment...






As has been the case elsewhere in the region, Asian companies driven by a different set of priorities have helped offset the decline in Western interest. But the shift raises serious questions about the future trajectory of Iraq’s oil output ...






The project would allow Kuwait to diversify its gas imports in the wake a political crisis between Gulf states and major supplier Qatar. It will also deal a blow to Royal Dutch Shell, which aimed to be the dominant gas player in IraqIraq has hired Japan’s Toyo Engineering to help build a gas...






Bai Hassan is currently pumping 35,000 bpd while the Avana Dome is producing 40,000 bpd, sources say. Combined with a handful of other fields, the state-run North Oil Company has increased production to as much as 230,000 bpd Iraq has restarted the Bai Hassan oil field and increased output at two...






In line with an MoU, Orion is proposing to build the facilities to process all the associated gas produced at the 50,000 barrel per day Bin Umar field, providing the dry gas to the ministry for free and taking a percentage of gas liquids as paymentBaghdad's inflexibility on commercial terms is...






A new model contract was used for the bid round which was awarded in April. Where previously Iraq used a technical service contract, for the new round it re-drew the contracts. Among the changes were dropping the per barrel feeIraq has signed preliminary deals with companies to explore for oil near...






The progress also points to Russia’s growing involvement in Iraq, limited engagement by Western powers and Washington’s haphazard regional foreign policy in particular, has created opportunities for others to take strategic positionsIn accord signed by Russia’s state-backed Rosneft and the Kurdistan...






Failure to bring online new gas production has left a large amount of gas power capacity redundant or underutilised and has resulted in the start-up of gas imports from Iran. Iraq is thought to have as much as 18.5GW of gas power generation capacityIraq's natural gas resources are being vastly...






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