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Iraq Updates - Oil & Gas

Iraq Updates - Oil & Gas

The latest news about Oil & Gas in Iraq

CNOOC and Sinochem Win Bid for Iraqi Oilfield
10/03/2010 06:35 AM
According to a Wall Street Journal report, Iraqi officials said that a consortium led by China National Offshore Oil Corporation (CNOOC) is expected to win the bid for Missan oilfields in southern Iraq. The consortium had accepted the price offered...

Iraq Oil Boom on the Horizon
10/03/2010 06:35 AM
Iraq is on the cusp of a major expansion in its oil output that within five years may well make it the world’s third largest producer, behind only Saudi Arabia and Russia. Recent relative political and military stability is letting Iraq’s government...

MOL Tests Bijeel Oil Find in Iraq Kurdistan
10/03/2010 06:32 AM
A unit of MOL Hungarian Oil & Gas PLC has gauged oil and gas at the Bijeel-1 exploratory well in Iraqi Kurdistan.

Gulf Keystone Petroleum Partner Strikes Oil at Bijeel-1 in Kurdistan
10/03/2010 06:31 AM
Shares in Gulf Keystone Petroleum Ltd (AIM: GKP) shot up in closing London trade after the group announced that the operator of the Akri Bijeel block in Iraq’s Kurdistan region concluded a successful oil test in the Bijeel-1 exploration well.

Hungary's MOL Says Iraqi Kurdistan Well Hits Oil
10/03/2010 06:30 AM
Hungarian oil and gas group MOL(MOLB.BU) announced on Tuesday that it had made a discovery in the Akri-Bijeel Block in the Kurdistan Region of Iraq where MOL conducts tests jointly with Gulf Keystone Petroleum.

CNOOC, Sinochem Sign Initial Agreement with Iraqi Oil Ministry
09/03/2010 10:00 AM
A consortium led by Cnooc Ltd. (CEO), the Hong Kong-listed unit of China National Offshore Oil Corp., has signed an initial agreement with Iraq to develop the 2.5 billion-barrel Missan oil field complex in southern Iraq, a senior Iraqi oil ministry...

Iraq Extends Memorandum of Understanding with Royal Dutch Shell
09/03/2010 09:53 AM
Iraq has extended a memorandum of understanding with Royal Dutch Shell on a natural gas venture in Basra for six months from March 2010, Iraq's oil minister Hussein Al Shahristani told Reuters on Sunday.

Done Deal for Missan
09/03/2010 08:44 AM
Hong Kong listed CNOOC Ltd and its partner Sinochem International has signed an initial agreement with Iraq to develop the 2.5 billion-barrel Missan oil field complex in southern Iraq, a senior Iraqi oil ministry official said.

Arrow Energy: the Endgame Approaches
09/03/2010 08:42 AM
The most intriguing aspect of the joint Royal Dutch Shell and PetroChina offer for Arrow Energy, a big holder of Australian coal-seam gas reserves, is not the price (a discount to recent deals in the sector) or the timing (as Arrow is struggling to...

Opec Production Level Hits 14-month High
08/03/2010 10:32 AM
The Organization of the Petroleum Exporting Countries’ (Opec) crude oil supply rose in February to the highest in 14 months led by Angola and Saudi Arabia, a Reuters survey showed, further reducing compliance with output targets.

Iraq Signs Initial Deal for Maysan Oilfields
08/03/2010 10:08 AM
Iraq has signed an initial deal with China's CNOOC and Sinochem to develop the 2.5-billion-barrel Maysan oilfield complex, Oil Minister Hussain al-Shahristani told Reuters on Sunday.

Iraq Extends Gas MOU with Shell - Oil Minister
08/03/2010 10:08 AM
Iraq has extended a memorandum of understanding with Royal Dutch Shell on a natural gas venture around the southern oil hub of Basra for six months from March 2010, Iraq's oil minister told Reuters on Sunday.

Iraq Signs Maysan Deal with China's CNOOC, Sinochem
08/03/2010 10:08 AM
Iraq has signed an initial deal with China's CNOOC (0883.HK) and Sinochem (600500.SS) to develop the 2.5-billion-barrel Maysan oilfield complex, Oil Minister Hussain al-Shahristani told Reuters on Sunday.

Iraq Inks Deal for Maysan Oilfields
08/03/2010 09:50 AM
Iraq has announced the signing of an initial agreement with China's CNOOC and Sinochem to develop the 2.5-billion-barrel Maysan oilfield complex, Reuters has reported.

Iraq Extends Deal with Shell
08/03/2010 09:49 AM
Iraq's oil minister Hussain al-Shahristani has said the country has extended a memorandum of understanding with Royal Dutch Shell on a natural gas venture around the southern oil hub of Basra for six months from March 2010, Reuters has reported.

Iraqi Elections Likely to Further Delay Access to Kirkuk's Reserves
08/03/2010 09:48 AM
The elections in Iraq on March 7, 2010, are likely to serve as an important indicator of the prospects for a resolution of the long-running dispute over the administration of the ethnically mixed and resource-rich province of Kirkuk in the north of...

Iraq Signs Initial Deal for Maysan Oilfields
08/03/2010 09:46 AM
Iraq has signed an initial deal with China's CNOOC (0883.HK) and Sinochem (600500.SS) to develop the 2.5-billion-barrel Maysan oilfield complex, Oil Minister Hussain al-Shahristani told Reuters on Sunday.

Iraq Oil Sales Up But Plans 'Unrealistic'
08/03/2010 10:04 AM
Iraq's oil exports last month were listed as the highest since Saddam Hussein invaded Kuwait in August 1990. That may enhance Prime Minister Nouri al-Maliki's election prospects but industry analysts say his plans to quadruple oil production in the...

Iraq Oil Exports Up by 7% in February
08/03/2010 09:49 AM
Iraq's crude oil exports has gone up by 7% in February, from 1.93 million barrels per day in January to just over 2 million bpd in February, MEED has reported, citing data from the State Oil Marketing Organisation (Somo). Meanwhile, the Iraqi ministry...

Iraq Oil Ministry to Substitute Iron Gas Cylinders with Plastic Ones
09/03/2010 09:53 AM
Iraq Ministry of Oil said that it started to substitute Gas Iron Cylinders with other plastic ones imported from Norway which is the first step in the framework of a plan that aims at substituting all the gas cylinders in Iraq.