Siemens Energy plans to further expand its cooperation with Iraq by developing projects with a capacity of over 6 gigawatts in the next five years, a company spokesperson said on Friday. Among other things, this will involve the construction of conventional power plants as well as developing renewable energies and stabilising the power network, the […]
Iraq
Posted inDownstream
Iraq to launch bids for five new oil refineries
Iraq is planning to invite bids for five new oil refineries to rehabilitate its hydrocarbon industry and other sectors, the country’s Oil Minister Hayan Abdel Ghani said in remarks published on Thursday. Ghani said the new refineries would add more than 500,000 barrels per day (bpd) to Iraq’s refining capacity, which will support its bid […]
Posted inNews
Iraq’s oil revenues top $115 billion, ministry says
Iraq’s oil revenues in 2022 exceeded $115 billion, figures announced by the oil ministry on Tuesday, showed. “The total revenue from the export of crude oil for the year 2022 amounts to more than US$115 billion,” Minister for Oil Hayan Abdel-Ghani said in a statement. The country exported more than 1.2 billion barrels in 2022, […]
Posted inExploration & Production
Baker Hughes secures contract from Iraqi oil company to boost gas output
Iraq’s state-owned Dhi Qar Oil Company aims to increase the production of associated gas in the Nassiriya and Al-Gharraf oilfields
Posted inExploration & Production
Attacks on Iraqi gasfield drive out US contractors
Khor Mor is one of the biggest gasfields in Iraq and the expansion plan aims to double production in the region
Posted inNews
Saudi Arabia, Iraq look to link power grids
Baghdad is looking to decrease reliance on Iranian Imports and is turning to Saudi Arabia to supply electricity
Saudi Arabia and Iraq have taken steps to connect the power grids of the two largest oil producers in OPEC, Saudi state news agency SPA reported. Baghdad currently relies on Iranian imports for energy, and while the US has granted sanctions waivers to Iraq to continue importing fuel from Iran, which is heavily sanctioned by […]
Posted inNews
Halliburton in talks to purchase Iraq oil field stake from Exxon
Should the talks fail, Iraq will instead purchase the stake
Halliburton is currently in talks with Exxon Mobile to purchase the oil firm’s stake in the West Qurna-1 field in southern Iraq, the country’s oil minister said Monday, Bloomberg earlier reported. Should the talks fail, Iraq will instead purchase the stake, Oil Minister Ihsan Abdul Jabbar added, building on comments from a few days earlier […]
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