Iraq Oil and Gas Market Update Oct 2013

Oil and Gas Market Update for covering entire month of September 2013

  • Iraq to exceed 2013 oil production target ‐ Al‐Shahristani confident production can reach 3.7
    million barrels a day.
  • Iraqi Kurdistan plans new national oil company ‐ Proposals for new Kurdistan National Oil
    Company to be considered by new parliament.
  • Iraq finalising tender of Jordan oil pipeline ‐ Tender expected to be issued in September for
    estimated $10bn Jordan pipeline.
  • Iraq awards four drilling contracts worth nearly $350m ‐ US’ Weatherford and Chinese firms win
    deal for 39 oil wells.
  • Iraq sets out $360bn spending plan for next five years ‐ National Development Plan sets
    priorities for the Iraqi government up to 2017.
  • UAE developers sign deal for Iraqi housing project ‐ Scheme involves the construction of 30,000
    residential units.