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By John Lee.
Turkish mills’ pipe exports to Iraq have reportedly risen by 10.3 percent year-on-year for the first three quarters of this year.
According to S&P Global Platts, Iraq bought 139,000 mt of steel pipe during the period.
(Source: S&P Global Platts)
By John Lee.
Turkish mills’ pipe exports to Iraq have reportedly risen by 10.3 percent year-on-year for the first three quarters of this year.
According to S&P Global Platts, Iraq bought 139,000 mt of steel pipe during the period.
(Source: S&P Global Platts)
By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
With ongoing protests making other investors nervous, Moscow is charging ahead.
Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for security concerns, Russia has doubled down.
Not only has its embassy stayed open in the recent weeks of turmoil, but its foreign minister, Sergei Lavrov (pictured), also paid a visit last month, first touring Baghdad and then Erbil.
His tour did not look like a regular diplomatic mission. There were no official agreements signed; politics, Syria, and terrorism seemed like an afterthought; and diplomats were in the minority during the week’s events.
In fact, the majority of the participants were businesspeople, including representatives of such Russian oil and gas companies as Gazprom Neft, Rosneft, Soyuzneftegaz, and Lukoil.
Also in attendance were representatives of Technopromexport, a Russian company that builds energy facilities, and from Russia’s Federal Service of Military-Technical Cooperation.
Click here to read the full story.
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By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
With ongoing protests making other investors nervous, Moscow is charging ahead.
Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for security concerns, Russia has doubled down.
Not only has its embassy stayed open in the recent weeks of turmoil, but its foreign minister, Sergei Lavrov (pictured), also paid a visit last month, first touring Baghdad and then Erbil.
His tour did not look like a regular diplomatic mission. There were no official agreements signed; politics, Syria, and terrorism seemed like an afterthought; and diplomats were in the minority during the week’s events.
In fact, the majority of the participants were businesspeople, including representatives of such Russian oil and gas companies as Gazprom Neft, Rosneft, Soyuzneftegaz, and Lukoil.
Also in attendance were representatives of Technopromexport, a Russian company that builds energy facilities, and from Russia’s Federal Service of Military-Technical Cooperation.
Click here to read the full story.
See also:
DNO ASA, the Norwegian oil and gas operator, today announced issuance of a notice of discovery to the Kurdistan Regional Government of Iraq on the Baeshiqa-2 exploration well, in accordance with the requirements of the Production Sharing Contract, after flowing hydrocarbons to surface from the upper part of Triassic Kurra Chine B reservoir.
Following acid stimulation, the zone flowed variable rates of light oil and sour gas. Further testing of this and other Jurassic and Triassic zones is ongoing and will determine the next steps towards appraisal and assessment of commerciality.
The Baeshiqa-2 well was spud in February 2019 and drilled to a total depth of 3,204 meters (2,549 meters TVDSS).
DNO acquired a 32 percent interest and operatorship of the Baeshiqa license in 2017. Partners include ExxonMobil with 32 percent, Turkish Energy Company (TEC) with 16 percent and the Kurdistan Regional Government (KRG) with 20 percent.
(Source: DNO)
DNO ASA, the Norwegian oil and gas operator, today announced issuance of a notice of discovery to the Kurdistan Regional Government of Iraq on the Baeshiqa-2 exploration well, in accordance with the requirements of the Production Sharing Contract, after flowing hydrocarbons to surface from the upper part of Triassic Kurra Chine B reservoir.
Following acid stimulation, the zone flowed variable rates of light oil and sour gas. Further testing of this and other Jurassic and Triassic zones is ongoing and will determine the next steps towards appraisal and assessment of commerciality.
The Baeshiqa-2 well was spud in February 2019 and drilled to a total depth of 3,204 meters (2,549 meters TVDSS).
DNO acquired a 32 percent interest and operatorship of the Baeshiqa license in 2017. Partners include ExxonMobil with 32 percent, Turkish Energy Company (TEC) with 16 percent and the Kurdistan Regional Government (KRG) with 20 percent.
(Source: DNO)
By John Lee.
Anti-government protesters reportedly blocked the entrance to the Nassiriya oil refinery on Wednesday.
Sources told Reuters that protesters blocked tankers from entering the refinery, causing fuel shortages across Dhi Qar province.
The refinery has capacity of 30,000 barrels per day (bpd), but has recently been producing only 15,000-20,000 bpd.
Anadolu Agency also reported that protesters have closed the Al-Shanafiyah oil refinery, south of the province of Diwaniya.
The source said that hundreds of protesters prevented oil trucks from entering or exiting the facility.
(Sources: Reuters, Middle East Monitor)
By John Lee.
Anti-government protesters reportedly blocked the entrance to the Nassiriya oil refinery on Wednesday.
Sources told Reuters that protesters blocked tankers from entering the refinery, causing fuel shortages across Dhi Qar province.
The refinery has capacity of 30,000 barrels per day (bpd), but has recently been producing only 15,000-20,000 bpd.
Anadolu Agency also reported that protesters have closed the Al-Shanafiyah oil refinery, south of the province of Diwaniya.
The source said that hundreds of protesters prevented oil trucks from entering or exiting the facility.
(Sources: Reuters, Middle East Monitor)
By John Lee.
Iraq’s Ministry of Oil has announced preliminary oil exports for October of 106,859,470 barrels, giving an average for the month of 3.447 million barrels per day (bpd), down from the 3.576 million bpd exported in September.
These exports from the oilfields in central and southern Iraq amounted to 103,540,855 barrels, while exports from Kirkuk amounted to 2,579,837 barrels, and from Qayara 431,486barrels. Exports to Jordan were 307,292 barrels.
Revenues for the month were $6.107 billion at an average price of $57.153 per barrel.
September export figures can be found here.
(Source: Ministry of Oil)
By John Lee.
Iraq’s Ministry of Oil has announced preliminary oil exports for October of 106,859,470 barrels, giving an average for the month of 3.447 million barrels per day (bpd), down from the 3.576 million bpd exported in September.
These exports from the oilfields in central and southern Iraq amounted to 103,540,855 barrels, while exports from Kirkuk amounted to 2,579,837 barrels, and from Qayara 431,486barrels. Exports to Jordan were 307,292 barrels.
Revenues for the month were $6.107 billion at an average price of $57.153 per barrel.
September export figures can be found here.
(Source: Ministry of Oil)