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Category Archives: Iraq Business
Iraq Exports in May Close to a High Record
Iraq’s oil exports have held over 3 million bpd in May. This keeps the shipments as the second-largest producer from OPEC’s close to a high record. This adds to indications that Iraq gets high yield from significant members from the Organization … Continue reading
Iraq & Iran Discuss about Oil and Gas Drilling Agreement
Director General of the state-run Iraq Drilling Co. Idriss Mohsin al-Yasiri and CEO of Iran’s North Drilling Company Hedayatollah Khademi had gone to Tehran and talked about the Iranian organizations oil and gas drilling in the Arab nation. According to … Continue reading
Posted in Iraq Business
Tagged Hedayatollah Khademi, Idriss Mohsin al-Yasiri, Iran’s North Drilling Company
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Baghdad-Erbil Oil Arrangement Summon by Iraqi Oil Minister
Oil minister of Iraq Adel Abdul-Mahdi, has affirmed that what is delivered by the Kurdistan wells and fields are exported through SOMO and the federal government. Baghdad and Kurdistan prepared an agreement under the conditions, which states that Kurdistan are … Continue reading
Oil Export of Iraq Touches the Record Level
Iraq’s oil export in the month of April has increased to 3.077 million bpd from 2.98 million bpd last March. The oil ministry of Iraq said that this augmentation in crude export speaks as the most noteworthy of the decade. … Continue reading
Technip Awarded a Project by PMC for Basra Refinery Upgrade in Iraq
Technip, in joint venture with Unico, an engineering consultant in Japan, has received an award of Project Management Consultancy (PMC) contract through a reimbursable basis, for Basra refinery upgrade. This contract was awarded by South Refineries Company (SRC) – Ministry … Continue reading
Kurdistan Oil Production passes through the Oil Marketing Organization (SOMO)
Iraqi Oil Minister Adel Abdul-Mahdi, said that the Kurdistan oil production is exported through the main government and the gate State Oil Marketing Organization (SOMO). In a question and answer session, he said, “A few persons, who scrutinized the concurrence … Continue reading
Grand Faw Port Project in Iraq
Recently, it has been accounted that Iraq has authoritatively welcomed global investors to offer on its multi-billion-dollar Grand Faw port project. Those who are interested must indicate their financing sources. The funding for this project has been assessed as $6.5 … Continue reading
$6 Million Contract wins by Copperchase Ltd. in Southern Iraq
Copperchase Ltd, the manufacturer from Cramlington, has closed a deal of $6m contract with Hyundai Engineering and Construction to secure another security venture for the oil refinery in southern Iraq. To ensure the performance bond for this venture, the firm … Continue reading