Category: News

Posted on

Baker Hughes to help Capture Gas at Iraq’s Southern Oil Fields

By John Lee.

Iraq’s South Gas Company (SGC) has announced a project to capture gas at the Nasiriyah and Garraf [Gharraf] oil fields, in partnership with the American company Baker Hughes.

Instead of flaring, the gas will be used to increase electricity generation, while reducing the environmental impact of oil production.

The project will also help reduce Iraq’s dependence on gas imported from Iran.

(Source:  Ministry of Oil)

The post Baker Hughes to help Capture Gas at Iraq’s Southern Oil Fields first appeared on Iraq Business News.

Posted on

Iran “Appoints Special Envoy” on Iraq Petroleum Issues

By John Lee.

Iran’s has reportedly appointed a special representative for petroleum issues involving Iraq.

According to ABNA24, Seyyed Abbas Beheshti will coordinate with the National Iranian Gas Company (NIGC) and the Central Bank of Iran to accelerate payments of arrears.

It adds that Iraq owes Iran nearly $6 billion for imports of natural gas to produce electricity.

(Source: ABNA24)

The post Iran “Appoints Special Envoy” on Iraq Petroleum Issues first appeared on Iraq Business News.

Posted on

Al Majal Business Park (AMBP) in Burjessia Celebrates 6th Anniversary

On September 21st, 2015, Al Majal Business Park (AMBP) opened its doors in Burjessia, serving local and international clients. Today AMBP is a recognized, leading life support services provider in Iraq.

Innovation has always been part of our journey. We continue to apply value-driven innovative ideas to deliver world-class services at AMBP. Our team works tirelessly to achieve our primary objective; setting a premium standard for life support services in Iraq to help accelerate the development of Iraq’s oil and gas industry.

Throughout the years, we have expanded our service offerings at AMBP to accommodate all of our clients’ needs. From premium accommodations, office leasing solutions, dining and catering facilities to customized warehousing and workshop solutions and amenities including state of the art recreation and fitness facilities, all of which are offered in a strategically located, highly secured 145,000 sqm property.

6 years at AMBP is a remarkable time of professional activity and exciting projects with notable clients and partners, all of which were accomplished with our valued former and current employees.  Currently, AMBP employs around 100 outstanding and experienced professionals. We are proud of our team, full of creativity and determination to offer only the best to our clients.

On this occasion, Mr. Ali Agha Jaffar, the CEO and President of Al Majal said:

“We have earned the trust and respect of the market for one simple reason: we have great people who are dedicated to setting the standard in the industry.

“I would like to thank all of our clients, principals and friends for choosing Al Majal Business Park (AMBP) as your trusted life support services provider in Iraq. We share the success of the past 6 years with you all and look forward to continue contributing to your achievements.“

Al Majal Business Park

Al Majal Business Park (AMBP) offers full life support services within two highly secure properties in the south of Iraq, located in North Rumaila and Burjessia. Both locations are strategically located within proximity to major oilfields and provide easy access to major ports and transportation networks.

AMBP has set the standard for premium life support services in Iraq including residential accommodations, customizable office leasing solutions, customizable workshop and warehousing solutions, dining and catering services, security provided by international firms, 24/7 medical services (offered through direct subscription), and premium amenities including state of the art recreation and fitness facilities.

(Source: AMBP)

The post Al Majal Business Park (AMBP) in Burjessia Celebrates 6th Anniversary first appeared on Iraq Business News.

Posted on

New Oil Refinery announced for Qayara

By John Lee.

Iraq’s North Oil Company (NOC) has signed a Heads of Agreement (Memorandum of Understanding) with two energy companies to build a 70,000-barrels-per-day oil refinery in Qayara (Qayyarah).

The facility, Nineveh province, is to be built by Sweden’s SEAB and Turkey’s Limak.

No information was given regarding the size of the investment or the proposed schedule.

(Source: Ministry of Oil)

The post New Oil Refinery announced for Qayara first appeared on Iraq Business News.

Posted on

Ministerial Energy Council urges Progress on Refineries

By John Lee.

At the most recent meeting of Iraq’s Ministerial Energy Council, headed by Oil Minister Ihsan Abdul-Jabbar Ismail, the Council decided that the South Refineries Company (SRC) should “take the necessary steps” to develop the Shuaiba refinery in Basra Governorate.

It also urged the acceleration of work on the 140,000-bpd Karbala oil refinery, and recommended the study of the final steps for the development and expansion of the Al-Diwaniyah Refinery.

(Source: Ministry of Oil)

The post Ministerial Energy Council urges Progress on Refineries first appeared on Iraq Business News.

Posted on

Seismic Survey begins at Sasan-Talafar

By John Lee.

Iraq’s Ministry of Oil has announced the start of seismic survey work at the Sasan-Talafar exploration project in Nineveh.

The Director General of the Iraq Oil Exploration Company said that the eighth seismic division has started two- and three-dimensional geological survey work at the site, “within the framework of the oil exploration plan for the year 2021.“

(Source: Ministry of Oil)

The post Seismic Survey begins at Sasan-Talafar first appeared on Iraq Business News.

Posted on

Atrush Exceeds 50m Barrels Production

By John Lee.

ShaMaran Petroleum has announce that the Atrush block in Iraqi Kurdistan has surpassed the cumulative oil production milestone of 50 million barrels since its first oil in July 2017.

Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented:

“This significant operational achievement is noteworthy as the production milestone has been achieved notwithstanding 2020’s significantly reduced development program due to the global pandemic and collapse of world crude oil prices.

“This demonstrates that the Atrush joint venture has the ability to successfully navigate through the Kurdistan oil industry’s difficult as well as good times.“

(Source: ShaMaran Petroleum)

The post Atrush Exceeds 50m Barrels Production first appeared on Iraq Business News.

Posted on

Agreement to Support Women in Qadisiyah

UNFPA and Qadisiyah Governorate signed a cooperation agreement on Tuesday to scale up the support to girls and women in the governorate.

The agreement signed by Dr Rita Columbia, UNFPA Representative, and Mr Zuhair Ali Al-Shaalan, the Governor of Qadisiyah will ensure that women and girls have access to protection and proper services to respond to gender-based violence.

In addition, it will provide the Directorates of Health, Labour and Social Affairs, and Interior (Family Protection Unit) with the opportunity to strengthen their expertise on service delivery to survivors to deal with gender-based violence.

Speaking during the ceremony, Mr Al-Shaalan emphasised the governorate’s full support to work with UNFPA to ensure the success of the project to provide quality service to women and girls. He also reiterated the governorate’s efforts to enhance the role of women and girls, increase equality in leadership roles and become a unique model for active communities to contribute to the development process.

Dr Columbia thanked the Governor for supporting the needs and rights of women and girls in Qadisiyah:

“On behalf of UNFPA Iraq, I welcome this initiative and look forward to our joint actions to protect women and girls from violence and provide them with so much needed services.”

The cooperation agreement between UNFPA and the Governorate is within the UNFPA 2020-2024 Country Programme Document and the Memorandum of Understanding between UNFPA and the Government of Iraq, through the Ministry of Planning.

(Source: UN)

The post Agreement to Support Women in Qadisiyah first appeared on Iraq Business News.

Posted on

Make a Difference for Iraqi Kids Today!

Dear ICF friends,

FIVE DAYS TO GO!

Our annual “In Their Shoes” 5K race weekend in Washington DC draws dignitaries, diplomats, veterans and business-people, families, and the media. This year we are going GLOBAL!

Run or walk from anywhere in the world, this September 18th. Create a team or set a personal challenge, and help us raise urgently-needed funds for Iraq’s vulnerable children. You’ll receive a limited edition ICF running gaiter (buff) and a digital certificate. So far, we have participants in 38 cities – will you help us make it 50??

Get ready. Join Us! Sign up now or forward this email to friends and family:

How it works:

  1. Sign up online via the RunSignup platform (link via button above), and create a fundraising page if desired.
  2. Run or walk on September 18th from anywhere in the world.
  3. Finishers receive a digital certificate and a custom ICF running buff (neck gaiter).

Share the registration list: https://runsignup.com/Race/DC/WashingtonDC/2021GLOBALINTHEIRSHOES5K

The symbolism of the ICF design is very special: sunshine symbolizing hope, growth reflected in the date palm leaf and fruit of Iraq, and water marking the Euphrates and Tigris rivers which represent the historic position of Iraq as the seat of civilization. Collect this year’s limited edition orange gaiter!

The post Make a Difference for Iraqi Kids Today! first appeared on Iraq Business News.

Posted on

Iraq Re-Starts Oil Exports to Jordan

By John Lee.

Iraq has reportedly re-started the supply of crude oil to Jordan by road.

Shipments ended in November 2020 following the expiration of the previous agreement.

The latest agreement sees a total of 3.7 million barrels being exported from Baiji refinery to the Jordanian refinery at Zarqa, at a rate of 10,000 barrels per day.

According to Basra Voice, this represents 10 percent of Jordan’s requirements; a previous statement from the Jordan government put the figure at 7 percent.

The oil is being sold at a discount of $16 to the price of Brent crude.

The Jordanian Ministry of Energy and Mineral Resources announced in July that Burj Al Hayat Transport and Trading Company was awarded the tender to transport the oil.

(Sources: Basra Voice, Petra)

The post Iraq Re-Starts Oil Exports to Jordan first appeared on Iraq Business News.