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By John Lee.
Three companies have reportedly stopped operations at Kurdistan’s Khor Mor gas field following rocket attacks.
According to Reuters, the companies are Texas-based Exterran, and Turkish subcontractors Havatek and Biltek.
The field is operated by Pearl Petroleum, a consortium led by UAE-based Dana Gas and Crescent Petroleum.
(Source: Reuters)
The post Three Contractors “Quit” Khor Mor Field first appeared on Iraq Business News.
By John Lee.
Iraq’s Ministry of Oil has engaged the Texas-based law firm Vinson and Elkins as a legal advisor in the US.
Partner James Lloyd Loftis will meet with representatives of the Department of State, at their request, regarding a pending arbitration proceeding between Iraq and the Republic of Turkey.
The Ministry will pay Mr Loftus a fee of $900 per hour for his advice in this matter.
During the period beginning 60 days prior to the date of the registrant’s obligation to register under US’s Foreign Agents Registration Act (FARA), the firm received more than $2.1 million from the Ministry for non-registrable legal services.
The firm has advised Baghdad on other matters in the past.
(Source: FARA)
The post Vinson and Elkins to advise Iraq on Arbitration with Turkey first appeared on Iraq Business News.
By John Lee.
The Iraqi Prime Minister has announced that the Ministry of Electricity is to be renamed the “Ministry of Electricity and Alternative Energy“.
At a press conference in Baghdad, Mustafa al-Kadhimi (pictured) said it is unreasonable to build gas power stations when there is not enough gas available, so the new ministry will actively seek alternative power sources.
In the past, he said, power stations were built, “in an absurd manner, without planning and without knowledge.”
He also referred to the country’s electrical interconnection projects with the Gulf states, Saudi Arabia, Turkey, Jordan and Egypt, which will provide power until Iraq reaches self-sufficiency.
Addressing the annual shortage of electricity during the very hot summer season, he said that last year’s production of 21,000 MW will not be achieved this year, due to the reduction in gas supply from Iran.
(Source: Govt of Iraq)
The post PM announces new Ministry of Electricity and Alternative Energy first appeared on Iraq Business News.
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The post AirSada Medevac: Keeping your People Safe in Iraq first appeared on Iraq Business News.
By John Lee.
The Turkish-based private jet charter company AirSada has won a second contract to supply medical evacuation (medevac) services, this time to South Korea’s Hyundai Engineering and Construction in Iraq.
The contract with AirSada, which runs to September 2025, includes air ambulance and medical treatment services.
It was signed by Mr Tolga Urcu, CEO of AirSada, and Mr Joonhwi Lee, Project Manager for Hyundai in Basra.
Earlier this year, the company won a similar contract with Japan’s JGC Corporation.
(Source: AirSada)
The post AirSada wins Medevac Contract with Hyundai in Basra first appeared on Iraq Business News.
By John Lee.
The Turkish-based private jet charter company AirSada has won a contract to supply medical evacuation (medevac) services to Japan’s JGC Corporation in Iraq.
JGC is the main contractor for the major upgrading project at South Refineries Company’s (SRC) Basra refinery.
The contract with AirSada, which runs to September 2025, includes air ambulance and medical treatment services.
It was signed by Mr Tolga Urcu, CEO of AirSada, and Mr Hiroto Ogura, Project Manager for JGC at SRC Basra.
(Source: AirSada)
The post AirSada wins Medevac Contract with JGC in Iraq first appeared on Iraq Business News.
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
In pursuit of gas, will Turkey choose Erbil over Baghdad?
Iraq’s federal supreme court last month ruled that a 2007 law allowing the Kurdistan Regional Government (KRG) to manage oil and natural gas resources independently of Baghdad is unconstitutional.
The top court also ordered Erbil to hand over all oil operations to the central government.
The Feb. 15 verdict followed a Feb. 2 meeting in Ankara between KRG President Nechirvan Barzani and Turkish President Recep Tayyip Erdogan.
Two days after the meeting, Erdogan said Turkey sought a “win-win” deal with Iraq’s government to import gas, and that Barzani promised to facilitate negotiations towards this end.
The court ruling may now jeopardize the energy agreements signed between Ankara and the KRG.
The full report can be viewed here (registration required).
The post In pursuit of Gas, will Turkey choose Erbil over Baghdad? first appeared on Iraq Business News.
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
The Death of Oil Federalism? Implications of a New Iraqi Court Ruling
The legal decision and its political fallout are threatening some of the country’s key interests, including its aspirations toward federalism, its relations with Turkey, and its ability to attract sorely needed international investment.
Click here to read the full article.
The post The Death of Oil Federalism? Implications of Court Ruling first appeared on Iraq Business News.
By John Lee.
Australia’s SBS News has published CCTV footage purporting to show the explosion that temporarily closed the Kirkuk-Ceyhan pipeline earlier this week.
It appears to show an electricity pylon falling on the pipeline.
According to Kurdish news agency Rudaw, a group affiliated with the Kurdistan Workers’ Party (PKK) had claimed responsibility for the attack.
(Sources: SBS News, Rudaw)
The post Video: Pipeline Explosion appears caused by Falling Pylon first appeared on Iraq Business News.
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.