Latest news
A new oil auction in Iraq
Iraqi head of Petroleum Contracts and Licensing Directorate, Mahdi Al Ameedi, said that Iraq plans a fourth licensing auction that will grant international companies a number of oil and gas exploration contracts, reported Gulf News. Ameedi did not mention how many oil and gas fields would be included in the auction.
read more... 10/01/2011
Kurds demand oil reforms to join the new administration.
The Kurdistan Regional Government's minister for natural resources , Ashti Hawrami, announced Tuesday that they would only be interested in participating in the new Iraqi administration if these will make new hydrocarbon and revenue-sharing laws by June 2011.
read more... 02/12/2010
Iraq increases estimate oil reserves.
The oil minister of Iraq declared that it has increased its estimate of the oil reserves to 143.1 billion barrels, a 24 percent rise. Although many analysts think that this number may be inflated for a variety of reasons.
read more... 05/10/2010
Exxon to double or triple number of wells in Iraq's West Qurna.
With a current output production of 200,000 to 250,000 barrels per day, Exxon Mobil and its partner Royal Dutch Shell’s plan to drill new wells in Iraq's West Qurna to boost production to 2.325 mln barrels per day.
read more... 28/09/2010
Alstom to develop Iraqi electricity sector
Alstom will assist Iraq in the developing of its electricity sector that was badly damaged during the last years.
read more... 02/08/2010