Iraq Oil and Gas Market Update Nov, 2013

• Emaar launches new project in Iraqi Kurdistan.
• Iraq delays bids for Karbala refinery.
• TAQA gets approval for oilfield in Iraqi Kurdistan – Abu Dhabi’s Taqa has been given the go-ahead by the the Kurdistan Regional Government (KRG) to proceed with the first phase in the development of the Atrush Block in the Kurdistan region of Iraq.
• Base Oil Group I Iranian origin prices marked up marginally
• Base Oil Group I Iranian origin cargoes prices FOB BIK remains steady
• The West Ethylene Pipeline (WEP) is being built to support Iran’s fifth five-year plan to develop petrochemicals complexes. The pipeline will supply feedstock to facilities and comprise 15 segments (listed below), running from and to various petrochemicals plants.
• Kurdistan’s Suleimaniyah light rail project to tender in 2014