Development News in Iraq

Iraqi Drilling: Reclamation of Three Oil Wells in the Zubair and West Qurna Oil Fields
1/30/2024 - The technical and engineering personnel of the Iraqi Drilling Company completed the reclamation of two oil wells in the West Qurna M/1 field for the West Qurna Field Operating Authority, the first pha...
Iraq Ministry of Oil Signs Contract to Boost Gas Production in Nahr Bin Umar Field
1/7/2024 - The Deputy Prime Minister for Energy Affairs and Minister of Oil stressed the importance of a contract for investment, development and processing of gas from the Nahr Bin Omar field with a capacity of...
Iraq Discusses the Development Plan of Fields and Projects Signed within the Contract with Total
11/5/2023 - The Undersecretary for Extraction Affairs confirmed that the Ministry has begun its operations to implement strategic project contracts with the French company Total and Qatar Energy Company. This cam...
LUKOIL Signs Supplementary Agreement on the Development of the West Qurna-2 Project
11/2/2023 - The representatives of PJSC LUKOIL and Basra Oil Company signed a Supplementary Agreement to the contract on the development and production of oil at the West Qurna-2 field. The singing took place in ...
Iraq Announces the Activation of Three Contracts with the UAE’s Crescent to Develop Three Gas Fields
10/15/2023 - The Deputy Prime Minister for Energy Affairs and Minister of Oil announced the importance of activating three contracts with the Emirati company Al Hilal within the fifth licensing round for gas inves...
Iraqi Drilling Company Completes the Reclamation of Two Oil Wells in Kirkuk
10/10/2023 - The technical and engineering personnel of the Iraqi Drilling Company completed the reclamation of two oil wells in the Khabbaz and Jambur oil fields. The Khabbaz/43 well was reclaimed using the IDC 2...
LUKOIL Receives Approval of Declaration of Commerciality for Eridu Field Reserves
3/6/2023 - PJSC LUKOIL and INPEX SOUTH IRAQ LTD received approval from Iraqi state-owned Thi-Qar Oil Company (TOC) for Declaration of Commerciality of Reserves and Outline Development Proposal for Eridu oilfield...
Crescent Petroleum Signs Three Contracts to Develop Oil and Gas Fields in Diyala and Basra
2/21/2023 - Crescent Petroleum, the Middle East's oldest privately-owned upstream oil and gas company, has signed three twenty-year agreements with Iraq's Ministry of Oil to appraise, develop, and produce oil and...
Iraq Ministry of Oil to Develop Akkas Gas Field
11/2/2022 - The Ministry Undersecretary, Kareem Hattab, affirmed the ministry keenness to develop gas fields and the optimal gas investment for energy projects. This came while he presides over a meeting to discu...
Iraq Oil Minister Stresses on Developing Eridu Field and Investing in Gas in West Qurna/2
9/15/2022 - The Minister of Oil stressed the importance of speeding up and starting the development and production operations in Areedo field, which is located within the 10th exploration block located between th...
Development plans for the Rumaila oil field southern Iraq
5/26/2022 - The Minister of Oil, Ihsan Abdul Jabbar Ismail, met in London with the CEO of BP, Bernard Lonnie. During the meeting, they discussed mechanisms for supporting development plans and programmes for the ...
Gulf Keystone Provides Operational, Corporate & AGM Update
12/17/2021 - Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, provides an operational and corporate update.

Jon Harris , Gulf Keystone's Chief Executive Offi...
Oryx Petroleum Announces Q3 2020 Financial and Operational Results
11/13/2020 - Oryx Petroleum Corporation Limited has announced its financial and operational results for the three and nine months ended September 30, 2020. All dollar amounts set forth in this news release are...
Genel Energy Provides Update on Bina Bawi PSC
5/1/2020 - Genel Energy plc provides the following update on the Bina Bawi PSC. Extensive documentation was received in mid-April from the Kurdistan Regional Government (‘KRG’) following the commercial underst...
DNO To Complete $100M Peshkabir-to-Tawke Gas Capture Project in April 2020
3/18/2020 - Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity.

DNO has stated that it remains committed to comple...
ACWA Power Signs Mou With Iraq Energy Institute
9/25/2019 - ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants signed a Memorandum of Understanding (MoU) with Iraq Energy Institute (IEI) - an independent non-...
Genel Energy Provides Update on Bina Bawi Development
4/30/2019 - Genel Energy has provided an update on the Bina Bawi licence. As previously announced, the deadline to meet the conditions precedent relating to the Bina Bawi gas lifting agreement (‘GLA’) was extende...
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 ...

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