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Development News in Iraq

Iraq's Basra Oil, Chevron Agree to Implement MOU to Develop Oil Fields
8/19/2018 - Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said. ...
Iraq to Take over Development of Mansuriyah Gas Field, Nassirya Oilfield
7/31/2018 - Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the “delay and failure” of international companies to resume work at the field, the oil ministry said. ...
Iraq Signs 3 Initial Contracts to Develop Exploration Blocks
6/5/2018 - By the presence of Mr. Jabbar Ali Al-Luiebi the minister of oil… the ministry of oil signed on 4 June three new initial contracts with two Chinese companies to develop and rehabilitate the borderline ...
Iraq Signs the Initial Contract Form to Develop 6 Exploration Blocks
6/3/2018 - By the presence of Mr. Jabbar Ali Al-Luiebi the minister of oil… the ministry of oil signs the initial form of the contracts to develop 6 exploration blocks on 3 & 4 June 2018. ...
Iraq Signs Contract to Develop East-Baghdad Oil Field
5/24/2018 - By the presence of the Chinese Ambassador to Baghdad… The ministry of oil signed the final form of the contract with Xinhua Chinese Company to develop the East- Baghdad oil field (the southern part). ...
LUKOIL Signs New Development Plan for West Qurna-2 Field
5/11/2018 - LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels per day. According to the Plan, the oil production ...
Iraq, BP Sign Kirkuk Oilfield Development Contract
5/7/2018 - Iraq’s state-run North Oil Company signed an agreement with BP to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said. The agreement was signed in the s...
Iraq Awards 6 Exploration Blocks for Rehabilitation & Development
4/29/2018 - Mr. Jabbar Ali Al-Luiebi the minister of oil confirmed on the keenness of the ministry of oil to rehabilitate and develop the exploration blocks to raise the oil reserves. ...
DNO Expands and Accelerates Kurdistan Operations
4/26/2018 - DNO ASA, the Norwegian oil and gas operator, announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the hi...
Iraq Signs $118M Two Contracts to Operate & Maintain Majnoon Oil Field
4/26/2018 - By the presence of the minister of oil and within the plan of the ministry of oil to develop the production operations in Majnoon oil field… Basrah Oil Company signed two contracts with Anton Chinese ...
Gazprom Neft Commissions Second Well at Sarqala Field
4/25/2018 - Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a second well — the Sarqala-2 — at its Sarqala field (within the Garmian block), located in the Kurdistan Region of Iraq (KRI). T...
Anton, Petrofac Sign Deal to Operate Iraq's Majnoon Oilfield
4/5/2018 - The Iraqi oil ministry signed a two-year contract with Anton Oilfield Services and Petrofac to operate the giant Majnoon oilfield, two oil executives said. ...
Iraq Ministry of Oil Declares Qualified Companies to Develop 9 Blocks
1/14/2018 - The petroleum contracts & licensing directorate of the ministry of oil declared the qualification of 5 different international companies, from 8 companies. The companies have presented for the qualifi...
Iraq Ministry of Oil Signs Contract to Develop the East Baghdad Oil Field
12/27/2017 - In the presence of the minister of oil, the ministry of oil signed the initial form of the contract to develop the (East Baghdad field- The southern part) with Jinhua Chinese Company. ...
Genel Energy Finds More Oil in Taq Taq Field
12/4/2017 - Genel Energy plc has announced an update on activity at the Taq Taq field (Genel 44% working interest). The TT-29w well, which was drilled to appraise the northern flank of the Taq Taq field, has been...
DNO Provides Update on Tawke PSC
11/9/2017 - DNO ASA, the Norwegian oil and gas operator, announced flow rates of more than 3,000 barrels of oil per day (bopd) from the first zone tested in the Peshkabir-3 well in the Kurdistan region of Iraq. N...
Iraq May Offer Total, Chevron Terms Different from Shell for Majnoon Field
10/21/2017 - Iraq may offer Chevron and Total terms to develop the Majnoon oilfield different from those it had given to Royal Dutch Shell, Iraqi Oil Minister Jabar al-Luaibi said. ...
Iraq Invites BP to Develop Kirkuk Oil Fields
10/19/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil invited BP British Company to speed-up putting the plans to develop the oil fields of Kirkuk governorate. ...
Chevron, Total Interested in Majnoon Oilfield
10/9/2017 - Iraqi oil minister Jabar al-Luaibi said that Chevron and Total are among the companies that have expressed interest in developing the Majnoon oilfield that Shell has said it wants to leave. ...
Iraq's Talks with Exxon on Southern Oilfields in Final Stages
10/9/2017 - Iraq’s talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said. Talks are in advanced...

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