• Home
  • Tag: Iraq Oil and Gas News

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

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.