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30% Gas Production Increase at Khor Mor Field

Dana Gas and Crescent Petroleum Announce 30% Gas Production Increase in Kurdistan Region

Dana Gas, the Middle East’s leading publicly-listed regional natural gas company, and its partner Crescent Petroleum, have announced achievement of a 30% increase in production capacity at the Khor Mor field in the Kurdistan Region of Iraq, which the companies jointly operate on behalf of Pearl Petroleum.

This increase delivers much-needed gas supply to fuel power plants in the region, and marked a major milestone as the companies commemorate 10 years of continuous production in the region in a special ceremony with the Kurdistan Regional Government in Erbil.

The expansion at the Khor Mor gas processing plant consisted of a series of plant additions and modifications to de-bottleneck throughput, raising output capacity from 305 MMscfd of natural gas to 400 MMscfd, with over 15,000 barrels per day of condensate.

The Plant, which began operating in 2008, supplies natural gas from the Khor Mor field by pipeline to power plants in the towns of Chemchemal and Erbil, and will soon supply a new plant in Bazian. The Khor Mor Plant also produces LPG and NGL, which are sold and trucked to the local markets.

Under a Gas Sales agreement signed in January 2018 with the KRG Ministry of Natural Resources, Pearl Petroleum will sell the additional quantities of gas to supply the power stations with affordable, environmentally favourable fuel, and further enhance electricity supplies.

The plant expansion comes online as Pearl celebrates a decade of production in the KRI. At a ceremony in Erbil attended by Kurdish Regional Government Prime Minister Nechirvan Barzani, Minister of Natural Resources Dr. Ashti Hawrami, and other senior officials, Board Members and senior executives from the companies commemorated the partnership between the companies and the KRG in delivering progress and improved services to the people of the region over the past decade.

Total investment in the Kurdistan Gas Project to date exceeds $1.4 billion with total cumulative production over 250 million barrels of oil equivalent (boe), which has resulted in over $20 billion of fuel cost savings and economic benefits for the Kurdistan Region and Iraq as a whole. Further investment is underway to expand production to 900mmscfd per over the coming 3 years, together with associated liquids.

Mr. Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas, commented:

“This production increase marks an important milestone as we also commemorate ten years of continuous production, and the beginning of a new chapter of expansion in operations and production which will see a further investment of over $600 million over the coming few years and a more than doubling of production again.

“The gas we have produced has led to significant fuel savings and social and economic value for the economy, and we hope to grow this in the years to come from the significant resources of these world class fields, for the benefit of the Kurdistan Region and all of Iraq.”

Dr. Patrick Allman-Ward, CEO of Dana Gas, added:

“Despite many challenges over the past ten years we are proud to have maintained our production levels and operations and now with the settlement of all past receivables last summer and continuous payments since then, we look forward to significantly growing production to meet the growing demand for gas and electricity in the Kurdistan Region and Iraq as a whole.”

In August 2017, Pearl Petroleum reached a full and final settlement with the KRG of the arbitration between them, including receiving $1 billion in cash from the KRG for past receivables and committing to expand their investment and operations in the region.

These expansion plans include a multi-well drilling program now underway in both the Khor Mor & Chemchemal fields, as well as installation of additional gas processing and liquids extraction facilities.

Operation full-time staff numbers are over 600 with over 80% local staff, and training programmes to increase this figure further. In addition, the companies has contributed to local communities with support for local power generation, education and healthcare facilities, as well as support programmes for internally displaced people in Iraqi.

The Kurdistan Gas Project was established in 2007 as Dana Gas and Crescent Petroleum entered into agreement with the Kurdistan Regional Government (KRG) for exclusive rights to appraise, develop, produce, market, and sell petroleum from the Khor Mor and Chemchemal fields in the Kurdistan Region of Iraq (KRI).

Production from the newly built plant in Khor Mor began 15 months later, in October 2008, an industry record. In 2009, Pearl Petroleum was formed as a consortium with Dana Gas and Crescent Petroleum as shareholders, and with OMV, MOL, and RWE joining the consortium subsequently with a 10% share each.

(Source: Dana Gas)

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Please Support Widows and Orphans in the Middle East

By Robert Cole, for the AMAR International Charitable Foundation.

For hundreds of millions of families around the world, this month’s Mawlid al-Nabi commemoration to mark the Prophet Mohammed’s birthday will be a time for family, friends, joy and celebration. A time of prayer, exchanging gifts, embracing the wider community and extending to others their religious generosity.

But for millions more, particularly widows and children, there will be no celebration as they continue their battle against war, hunger, and disease.

In Iraq alone, there are one million widows and, tragically, more than four million orphans.

AMAR International has been delivering urgent medical and educational support in the Middle East for the last 26 years. Using a staff comprised almost entirely of national professionals and volunteers, they have treated more than 10 million patients and have opened 46 medical centres across Iraq.

But we couldn’t have done any of this without your help. Today we are launching a new, urgent appeal for emergency funds to help widows and orphans in the most desperate need.

Please help us to help them.

(Source: AMAR)

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ShaMaran acquires Larger Stake in Atrush

ShaMaran Petroleum Corporation refers to the agreement announced on June 4, 2018 whereby the Company’s wholly owned subsidiary, General Exploration Partners, Inc. (“GEP”), agreed in a sale and purchase agreement (the “SPA”) with Marathon Oil KDV B.V. (“MOKDV”) ,a wholly owned subsidiary of Marathon Oil Corporation (“Marathon”), to acquire from MOKDV a further 15% working interest in the Atrush Block Production Sharing Contract in the Kurdistan Region of Iraq (“the Acquisition”).

The underlying agreements governing the development and operation of the Atrush block require that both the Minister of Natural Resources of the Kurdistan Governmental Authority (“MNR”) as well as TAQA Atrush BV (“TAQA”), the other owner of a participating interest in, and the operator of, the Atrush block, consent to the assignment of the participating interest from MOKDV to GEP. At the time, the MNR gave assurance of providing its consent to the assignment, however, TAQA unreasonably refused to provide its consent to the Acquisition.

As a result of TAQA’s unreasonable refusal to provide consent, Marathon re-issued an offer to acquire MOKDV, a corporate transaction which does not require TAQA consent, with the result being that the Company is now engaged in a new bidding process for the Marathon interest in the Atrush block. There is no assurance that any offer by the Company or GEP, if submitted, will result in the acquisition of the increased interest in the Atrush block.

In the meantime, the Company is reviewing all available options.

(Source: ShaMaran)

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SOMO Restarts Export of Kirkuk Oil via Turkey

By John Lee.

Baghdad has reached an agreement with Kurdish authorities to resume exports from the Kirkuk oilfields, via the Turkish port of Ceyhan (pictured).

In a statement on Friday, the Ministry of Oil said between 50,000 and 100,000 barrels per day would be exported through the pipeline on behalf of the Baghdad-controlled State Oil Marketing Organization (SOMO).

S&P Global Platts says SOMO has not exported any crude oil from Ceyhan since June 2017.

(Sources: Ministry of Oil, S&P Global Platts)

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Iraq Working to make Money, not Burn it up in Gas Flares

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

Iraq working to make money, not burn it up in gas flares

Iraq plans to expand capacity at its oil refineries while at the same time reducing the amount of gas that is burned off during oil production. Instead of wasting the gas, the country will reap the benefits of putting it to good use.

New Oil Minister Thamer al-Ghadhban announced Oct. 31 that he will pay particular attention to oil-rich Basra in southern Iraq, an area where services have been neglected and people are angry.

Iraq continues to burn off most of the gas associated with oil production in its fields because it lacks sufficient facilities to capture the gas.

Click here to read the full story.

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Sanctions Halt Iraqi Oil Exports to Iran

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

Iraq’s new Prime Minister Adel Abdul Mahdi has opted for the policy of his predecessor, Haider al-Abadi, by committing himself to the US sanctions on Iran.

A few hours after he was sworn in, Abdul Mahdi stated Oct. 26 that when it comes to said sanctions, priority will be given to Iraq’s interests and independence.

Nevertheless, Iraq is seemingly incapable of doing without Iran, given their close bilateral economic ties. For this reason only, Iraq demanded that the United States allow the country to continue to import vital Iranian gas and energy supplies and food products. Washington consented Nov. 2, provided that payments not be made in US dollars.

Oil exports from the Kirkuk field, however, are excluded. Iraq’s new Oil Minister Thamer Ghadhban stressed that his country will “review” its current oil exports to Iran.

Click here to read the full story.

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Iraq Exemption from US Sanctions on Iran Energy

Iraq Granted Exemption from US Sanctions on Iran’s Energy Exports

Iraq will continue to have access to the energy it needs from Iran to generate and supply electricity, Brian Hook, the special representative for Iran at the US State Department, said.

“Iraq has been granted an exemption” to the energy sanctions the US has re-imposed on Iran, Hook said Monday on a media conference call without providing details.

Iraq is still importing natural gas and electricity from neighboring Iran and has set up a bank account to process payments in Iraqi dinars, according to two Iraqi government officials, who asked not to be identified because they’re not authorized to speak to media, Bloomberg reported on Tuesday.

Iraq’s central bank officials said in August that the country’s economy is so closely linked to Iran that Baghdad would ask Washington for permission to ignore some US sanctions.

Iraq imports crucial supplies from its neighbor including gas for power stations.

(Source: Tasnim, under Creative Commons licence)

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Will new Iraqi Govt Resolve Baghdad-KRG Issues?

By Nahwi Saeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

President Barham Salih on Oct. 27 announced that he has developed a proposal for resolving the dispute over Kirkuk between Baghdad and Erbil.

Without going into detail, he said his plan focuses on the ethnic and religious components in determining its fate, ignoring the interests of outside players in discussions about the city’s future.

The recent agreement by Kurds, Sunnis and Shiites on the formation of a national government — with Salih as president, Adel Abdul Mahdi as prime minister and Mohammed Halbousi as parliament speaker — raised hopes among many Iraqis that the outstanding issues between Baghdad and Erbil might be resolved, but will the new leadership be able to deliver?

 

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UNDP Supporting Women Survivors of Trauma

UNDP Supporting Women CRSV and SGBV Survivors of Trauma

After a long process of a series training and consultations meetings which started in October 2017 targeting 114 female social workers in collaboration with the Iraqi Ministry of Labor and Social Affairs/ Directorate of women protection, UNDP started developing a national analytical report for women survivors of Conflict-Related Sexual Violence (CRSV) and Sexual and gender based violence (SGBV) in Iraq.

Through an advanced training on expressing writing and listening skills to collect women stories, social workers as first responders were capacitated on appropriate approaches for conducting interviews with survivors and how to handle potential challenges, such as the re-traumatization of survivors. These techniques enable women to share their stories, detail their needs, make their demands for rehabilitation and compensation in a sensitive and secure environment.

The next stage will be collecting stories by MOLSA social workers of women CRSV /SGBV survivors in Ninewah, Salahaldeen, Diyala, Anbar, Baghdad, Karbalaa, Babil, Misan, Kirkuk and Basrah.  These stories will be analyzed to develop a national analytical report to be approved and adopted by the government. This report will be one of the resources that will inform efforts of the Iraqi government to strengthen its social protection and transitional justice policies.

H.E Minister Mohammad Shiaa Alsoudany said: “Iraqi women faced many challenges in life, hence the Government with all its institutions as well as the local and international community must stand with the Iraqi women, who represent patience, strength and willing to move forward in life, in their long and painful journey. He added that. Mr. Alsoudany stated, “Many women are exposed to violence and cannot speak out, which leads to psychological effects reflected on their families as well”.

UNDP’s Gender Specialist, Ms. Sundus Abbas said: “In Iraq, the biggest obstacle facing reconciliation is dealing with the past in ways that make a fresh start possible. Expressive Writing in Dealing with the Past is a key methodology in achieving community reconciliation in Iraq’s post-conflict environment which help increasing the well-being of groups at risk”. She added: “Women voices, roles and stories are often ignored; therefore, we came up with this initiative to reach out to a wider group of women and listen to their stories through our newly-established partnership with the MOLSA team of female social workers”.

Senior Undersecretary of the Ministry of Labor and Social Affairs Mr. Falih Al-Amiry highlighted that “social workers play an active role in showcasing what is happening within the society especially civilians that been subjected to violence”. adding that: “this kind of documentation is much needed now in Iraq especially in post liberation phase”.

Mrs. Uttor Almusawi, Director General of Women Social Protection Department at the Ministry of Labor and Social Affairs explained that, “women are the most targeted group in Iraq; therefore, we hope to be able to reach out to all women who have experienced violence through our teams of social workers across Iraq. With UNDP’s support, we count on this project to help women victims to document their stories and to draw lessons through this initiative for future use. We also want to record all stories of those who play an active role as peace builders in their communities. And we are interested, not only in individual stories, but also those of communities”. She added that: “This is one of our main responsibilities in the department of Women Social Protection”.

Bedaa Mohammed, a 36 years old social worker has been working in Baghdad for the last 7 years. She commented: “Women usually keep their stories and their communities’ stories in their hearts, especially when it refers to sexual violence. This is our role as social workers to help them in dealing with this dark past and document their stories. Expressive Writing in Dealing with the Past approach is a very important tool, especially in our current situation. This initiative gave me many new skills, and I feel that I can contribute with my colleagues in documenting Iraqi history”.

Though its Support to Integrated Reconciliation in Iraq Project, the UNDP is working in partnership with the Implementation and Follow-up Committee for National Reconciliation to develop, support and sustain civic participation in reconciliation and transitional justice processes at every level of society, with a focus on communities. The project is comprising three main pillars: 1) Public Awareness Raising 2) Local Peace mechanisms, processes and committees and 3) Documenting the experiences, needs and demands of Iraqi citizens for reconciliation with special emphasis on the redress of sexual and gender violence during previous conflicts.

(Source: UNDP)

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Rebuilding & Reconstruction – Iraq – Delivering the Vision

 Rebuilding & Reconstruction

– Iraq –

Delivering the Vision

Register Now

IBBC returns to Dubai on 25 November with a full agenda of expert speakers to discuss the most important issues facing Iraq’s economy.

Baroness Nicholson of Winterbourne, President of IBBC and The Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Turkmenistan & Kazakhstan will open the conference, alongside H.E. Mr Abdullah Ahmed Al Saleh, Undersecretary of the UAE Ministry of Economy for Foreign Trade & Industry, H.E. Mr Bangen Abdullah Rekani, Iraq’s Minister for Housing, Reconstruction & Public Municipalities, Dr Mehdi Al Alak, Secretary General of the Council of Ministers, Michael Townshend the Regional President of BP Middle East and Jon Wilks CMG Her Majesty’s Ambassador to Iraq.

A delegation of high-profile Iraqi Governmental Officials will be in attendance including Dr Hamid Ahmed, Deputy Chairman of the Prime Minister’s Advisory Committee (PMAC), Dr Sabah Mushatat, Investment and Reconstruction Advisor of the Prime Minister, Mr Louay Al-Yassiri, Governor of Najaf, Mr Nawjad Hadi, Governor of Erbil, Dr Wijdan Salim, PMAC and Mr Abas Imran, Technical DG, Ministry of Transport. Delegates will have the opportunity to engage with the speakers in dynamic and concentrated debates during Roundtable Discussions. Further Iraqi officials are expected to confirm their attendance in the coming weeks.

Other confirmed speakers include Christopher M. Cantelmi, Principal – Infrastructure & Natural Resources – International Finance Corporation (World Bank) and Kareem K. Ismail, Resident Representative for Iraq and Yemen, International Monetary Fund (IMF). Additional expert speakers are drawn from the Department of International Trade, Shell, Rolls-Royce, Siemens, Serco, SKA International Group, Basrah Gateway Terminal, Khudairi Group, G4S, National Bank of Iraq, Management Partners, EY, AFC Iraq Fund, Chevron, Wood and more.

Download the Full Agenda

Conference sessions will focus on:

  • Infrastructure, Rebuilding & Utilities Supply 
  • Oil & Gas – Increasing Production
  • Regulatory & Financial Framework – Encouraging International Investment
  • Logistics & Trade

A Pre-conference Reception and Networking Event is planned for Saturday 24 November at the Address Dubai Marina, where delegates can enjoy the spectacular surroundings and view. With Dubai being a hub for local and international companies in the region operating in Iraq, the conference attracts suppliers, investors, producers and buyers from Iraq, the UK and the wider international business community.

IBBC will also be holding a Tech Forum on 25 November, which will run in parallel to the conference at the same venue. Ticket holders will get complimentary access to the forum, where some of the key innovators of Tech in Iraq will be speaking on Fintech, the Consumer Economy, E-Government and the Start-Up Economy. Speakers include representatives from EY, Citi Bank, Restrata Group, MediaWorld, Khudairi Group, Avaya and the Technology Department of the Kurdistan Regional Government.

For any queries please email London@webuildiraq.org