Russia’s Bashneft wins Iraqi Energy Contract
Russian oil giant Bashneft has been award the rights to explore for oil in the south of the country after nearly one month of negotiations, a senior Baghdad official said on Sunday, according to a...
View ArticleIraq Signs Energy Exploration Contracts
By John Lee. Iraq signed the gas exploration contract with Pakistan Petroleum Ltd. (PPL) on Sunday for gas Block 8, which lies in the Diyala and Wassit provinces in the East of the country. Meanwhile...
View ArticleIraq to Offer Better Terms for Oil Contracts
By John Lee. Iraq’s Deputy Prime Minister with responsibility for energy affairs, Hussein al-Shahristani (pictured), has reportedly said that Baghdad was considering offering foreign oil firms more...
View ArticleIraq to make Gas Exploration Deals more Attractive
By John Lee. An Iraqi Oil Ministry spokesman has said the Ministry will make future energy exploration contracts more lucrative, to encourage foreign firms to compete in auctions for exploration...
View ArticleCabinet Approves 3 Energy Deals, Delays 1
By John Lee. Iraq’s cabinet has approved three oil and gas contracts awarded to foreign firms in the 4th round energy auction in May. Government spokesman Ali al-Dabbagh (pictured) said cabinet...
View ArticlePakistan Petroleum Signs Contract for Block 8
By John Lee. Iraq has signed a final contract with Pakistan Petroleum Limited (PPL), giving it the right to explore gas block 8, covering an area of 6,000 sq km in the Diyala and Wassit provinces in...
View ArticleIraq Expels Turkey’s TPAO, asks Kuwait Energy to Replace
By John Lee. The Iraqi cabinet has expelled Turkey’s state-owned Turkiye Petrolleri AO (TPAO) from the consortium that was granted the rights to explore energy block 9, and has asked Kuwait Energy to...
View ArticlePPL Starts Exploration Work at Block 8
By John Lee. Pakistan Petroleum Limited (PPL) has started development and exploration of gas Block 8, according to a report from Pakistan Today. Iraq signed the final contract with the company in...
View ArticlePresentation on Iraq’s Oil Service Contracts & Bidding Rounds
Mr. Abdul Mahdy Al-Ameedi, the Director General of Petroleum Contracts and Licensing Directorate (PCLD), delivered a presentation to the Iraqi parliament on 13th December 2015 on the subject of Iraq’s...
View ArticleDunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market...
View ArticleDunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market...
View ArticleDunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market...
View ArticleZhenhua Backs Out of Iraq Venture; PPL to Proceed Alone
The Chinese firm Zhenhua has decided not to partner with Pakistan Petroleum Limited (PPL) in a bid for an exploration block in Iraq due to security issues, the Express Tribune reports. “The News”,...
View ArticleOil Ministry Prepare for Fourth Auction
Preparations are being made for a fourth auction of oil and natural gas exploration zones. This will be in line with the country’s aim to rival Saudi Arabia as one of the world’s leading oil producers....
View ArticleDunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market...
View ArticleIraq’s 4th Energy Auction Kicks Off
Iraq’s fourth energy bidding round takes place on Wednesday and Thursday, but Reuters reports that tough contract terms mean Baghdad may struggle to drum up major interest. The 12 new oil and gas...
View ArticleJust 1 Deal on First Day of Iraq’s Energy Auction
The first day of Iraq’s fourth energy auction resulted in just one successful bid, with four of the today’s six exploration fields receiving no bids from the 47 pre-qualified bidders. The six blocks...
View ArticlePlaying Hardball with Iraq’s Oil
Wednesday was Day 1 of Iraq’s two-day auction for the rights to 12 new exploration fields, but the long-awaited and often-delayed event was widely considered a disappointment, with only two bids...
View Article4th Round Energy Auction: Only 2 more Fields Awarded
Iraq’s government signed deals for only three of the 12 oil and gas exploration blocks offered in its fourth energy auction, which ended on Thursday, reflecting reluctance of foreign bidders to risk...
View ArticleIraq’s 5th Round Energy Auction to Follow
Following the allocation of only three of the 12 exploration fields on offer in Iraq’s 4th round energy auction, the Oil Ministry plans to go ahead with a 5th round auction for more sites. “Of course,...
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