Russia’s Rosneft Sets Sights on Iraq
Rosneft, reportedly Russia’s biggest oil producer, is discussing projects in Iraq, its newly appointed president said on Friday. “We are discussing,” Eduard Khudainatov told reporters on at the Sochi...
View ArticleRosneft to Take Over LUKoil’s West Qurna Field?
LUKoil has reportedly offered Rosneft its African and Iraqi projects in a swap for Arctic shelf cooperation. LUKoil CEO, Vagit Alekperov, said on Thursday: “We have offered them our geological...
View ArticleDunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market...
View ArticleRussia Consolidates its Position in Iraq Upstream Petroleum
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Oil confirmed in late July that Russia’s...
View ArticleIraq “wants Russians to Replace Exxon at West Qurna”
By John Lee. Iraq is considering replacing ExxonMobil at the supergiant West Qurna-1 oilfield with Russian companies LUKoil and Gazprom Neft, according to a report from Nefte Compass. Iraq regards...
View ArticleLUKoil says no Approach from Iraq on West Qurna-1
Russia’s LUKoil said on Tuesday that Iraq has not asked it to replace Exxon Mobil at the West Qurna-1 oilfield. Nefte Compass said last week that Iraq was considering replacing Exxon with either...
View ArticleRosneft Sets Sights on Iraq
By John Lee. Russian news agency RT reports that Rosneft is considering a joint venture with ExxonMobil in Iraq. Company President Igor Sechin (pictured) told reporters: “We will work with anyone who...
View ArticleMore Firms Pre-Approved for Nassiriya Bid
By John Lee. Iraq has selected five additional international oil companies to bid for the development of its $4.4-billion Nassiriya oil field and the construction of a new 300,000 bpd refinery, reports...
View ArticleNew Oil Development Opportunities in Iraq
By John Lee. Iraq’s Ministry of Oil has requested proposals from international oil companies interestsed in developing a number of small- and medium-sized oil fields. The fields concerned are: Sindebad...
View ArticleJiyad: Min of Oil should Withdraw Plan to Offer 12 New Oilfields
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil should withdraw its plan to offer 12 new...
View ArticleNew Oil Bidding Round Postponed to Mid-2017
By John Lee. The Ministry of Oil is to postpone a bidding round for 12 small- and medium-sized oil fields, following criticism of the plans by experts including IBN Expert Blogger Ahmed Mousa Jiyad. In...
View ArticleRosneft Starts Drilling at Block 12
Russia’s Rosneft group has started drilling its first exploration well at Block 12 in Iraq. The Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine target horizon to be...
View ArticleRosneft and KRG sign Oil Deal
Russia’s Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines...
View ArticlePremier Oil has “Successfully Exited” its Position in Iraq
By John Lee. Premier Oil has announced that it has “successfully exited” its position in Iraq. The company was awarded a 40-percent stake in the Block 12 concession in 2012, but said in December 2015...
View ArticlePM Barzani meets Rosneft Board
By John Lee. A delegation headed by the KRG’s Prime Minister Nechirvan Barzani met the board of Rosneft, including CEO Igor Sechin, in St. Petersburg on Thursday. The meeting is said to have centred...
View ArticleRosneft, KRG agree to Expand Strategic Cooperation
Russia’s Rosneft and the Kurdistan Regional Government (KRG), as part of the XXI St. Petersburg International Economic Forum, signed a series of agreements on widening their cooperation in exploration...
View ArticleAssessment of KRG-Rosneft Recent Deals
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many of my Kurdish colleagues, members of the Finance and Oil...
View ArticleRosneft in $1bn Kurdistan Pipeline Deal
Russian oil company Rosneft has completed its due diligence on infrastructure of the export oil pipeline in Iraqi Kurdistan (‘KROP”) and will shortly finalise the legally binding documents on oil...
View ArticleRosneft, KRG Agree on Oil Cooperation
Russian state-controlled oil company Rosneft and the Government of the Kurdish Autonomous Region of Iraq signed the documents required to put into force Production Sharing Agreements (PSA) with respect...
View ArticleRosneft to Build New Kurdistan Oil Pipeline
Russia’s Rosneft and Kurdistan Regional Government (KRG) have announced the start of joint implementation of an infrastructure project for the operation of the oil pipeline in the Kurdish Autonomous...
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