Category: Qayara

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Sonangol meets with INOC to discuss Production at Qayara

By John Lee.

The President of the Iraqi National Oil Company (INOC), Oil Minister Ihsan Abdul-Jabbar Ismail, has chaired a meeting with the CEO and management of Angola’s Sonangol, the main operator of the Qayara [Qayyarah] oil field in Nineveh Governorate.

Also joining the meeting was the management of the North Oil Company (NOC) and the Department of Oil Contracts and Licensing.

The meeting included discussion on increasing production and improving quality at Qayara.

(Source: Ministry of Oil)

The post Sonangol meets with INOC to discuss Production at Qayara first appeared on Iraq Business News.

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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.

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Sonangol Ramping Up Oil Production in Iraq

By John Lee.

Sonangol has said it plans to increase production at its Najmah and Qayara oilfields to about 230,000 barrels per day (bpd).

The Angolan state oil company owns 75 percent of the oilfields, south of the city of Mosul, with estimated oil reserves of more than 1 billion barrels.

Output at Qayara is currently 40,000 bpd.

(Source: Reuters)

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Oil Production Resumes at Qayara

By John Lee.

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has announced the resumption of production at Qayara oil field in Nineveh province.

The field has been rehabilitated following its destruction by the Islamic State group (IS, ISIS, ISIL, Daesh).

It is currently producing 30,000 barrels of oil per day, with a plan to increase to 60,000 bpd by the end of the year.

(Source: Ministry of Oil)

(Picture: Crude oil running through the streets of Qayara following damage caused by Daesh. Credit: UNICEF)

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Iraq Extends Deadline for Qayara Refinery Bids

By John Lee.

Iraq has extended the deadline to bid for the construction and operation of a new 100,000-bpd Qayara refinery.

The full statement from the Ministry of Oil is as follows:

The ministry of oil would like to announce for the investment refinery in Ninawa governorate/ Qayara with a capacity of 100 thousand barrels / day.

The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 and its amendments.

The products of the refinery must be environment friendly according to the international standards.

The tax breaks must be according to the investment law No.13 for the year 2006.

In accordance with the second amendment of the investment law No.64 for the year 2007. The subtraction on the crude oil price over the ship is (8%) “The subtraction must be more than 5$ and less than 10$ of the global price”.

The studies, planning and follow-up directorate in the ministry of oil have prepared the data portfolio of the refinery and the price of the data portfolio shall be (30) thousand dollars, or its equivalent in Iraqi Dinars “nonrefundable”.

–  The closing date of selling data portfolios is at the end of the work hours of Tuesday the 15th of May 2018.

–  The receipt of the documents from the companies whom would like to invest in the above mentioned refinery must be to the end of the work hours of Thursday the 14th of June 2018.

The presentation of the documents will be to the Studies Planning & Follow-up Directorate directly in a closed envelop. Otherwise the documents will be rejected.

For further information please contact the E-mails (studies@oil.gov.iq) or (studies.oil@gmail.com).

(Source: Ministry of Oil)

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Qayara Refinery available for Investment

By John Lee.

The Ministry of Oil has announced an opportunity to invest in a 100,000-bpd refinery at the Qayara field in Ninawa governorate.

In a statement, the Ministry said:

The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 and its amendments.

The products of the refinery must be environment friendly according to the international standards.

The tax breaks must be according to the investment law No.13 for the year 2006.

In accordance with the second amendment of the investment law No.64 for the year 2007. The subtraction on the crude oil price over the ship is (8%) “The subtraction must be more than 5$ and less than 10$ of the global price”.

The studies, planning and follow-up directorate in the ministry of oil have prepared the data portfolio of the refinery and the price of the data portfolio shall be (30) thousand dollars “nonrefundable”.

The closing date of selling data portfolios is at the end of the work hours of Sunday the 1st of April 2018.

–  The receipt of the documents from the companies which would like to invest in the above mentioned refinery must be to the end of the work hours of Sunday the 15th of May 2018.

The presentation of the documents will be to the Studies Planning & Follow-up Directorate directly in a closed envelop. Otherwise the documents will be rejected.

For further information please contact the E-mails (studies@oil.gov.iq) or (studies.oil@gmail.com).

(Source: Ministry of Oil)

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Chinese Companies Win Al-Faw Projects

By John Lee.

Iraq’s Ministry of Oil has awarded the Al Faw [Al Fao] refinery and petrochemicals project to two Chinese companies.

In a statement, the ministy named the companies as Power China and “Nerco Chinese Companies“.

Mr. Assim Jihad, the spokesman of the Ministry,  said the refinery will have a capacity is 300,000 barrels/day.

He added that the project contains an integrated complex for petrochemicals, in addition to another facilities near the export port in Faw.

The ministry is planning to become self-sufficient in oil products by investing in the refining sector, and to become an exporting country.

Invitations will soon be issued to investment companies to participate in the Anbar refinery (150,000 bpd), Qayara refinery (10,000 bpd), and Thi-Qar [Dhi Qar] refinery (150,000 bpd), in addition to other projects to be announced soon.

(Source: Ministry of Oil)