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Petronas finalizes scope of work for Iraq Gharraf Phase-2

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Weatherford completed Gharraf oil field FEED work The Swiss-based oil and gas fields services company Weatherford International Ltd (Weatherford) completed the front end engineering and design (FEED) of the Gharraf, or Garraf,  oil and gas field operated by the Malaysia national oil company (NOC) Petronas, Japan Petroleum Exploration (Japex) and the local North Oil Company  (NOC) …

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Iraq to revamp and upgrade Basrah South Refinery

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SCR to qualify bidders for Basrah Refinery revamping The national South Refinery Company (SRC) is currently qualifying the engineering companies and contractors interested to bid for the Basrah Refinery revamping and upgrade project in the south of Iraq. This project is part of the Iraq national program to restore the refining capacities of the country …

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PetroChina and Total confirm Iraq Halfaya plateau production by 2017

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CNPC and Total to double production with Halfaya-3 The China National Petroleum Corporation (CNPC or PetroChina) and its partners, Total from France, Petronas from Malaysia and the local South Oil Company (SOC) confirm to target the plateau production of the Halfaya oil field in the south of Iraq by 2017 as originally defined. Halfaya oil …

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SCOP still struggles to increase oil storage capacities in South of Iraq

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$2 billion Nasiriyah and Bin Umar Oil Depots delayed The national oil company (NOC) State Company for Oil Projects (SCOP) has announced to postpone the tenders opening ceremony for the $2 billion oil storage depots project planned in the south of Iraq. Since the license rounds in 2009 and 2010 during which Baghdad Government awarded …

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Iraq to ramp up refining capacity with foreign investments

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SCOP awards Technip Karbala Refinery PMC contract The Iraq national oil company (NOC) State Company for Oil Projects (SCOP) selected the French engineering company Technip to provide project management consultancy (PMC) services on the Karbala Refinery project in the center of Iraq. The Karbala Refinery project is part of the Iraq Government to invest between …

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Iraq and Kurdistan Regional Government agree on oil payment

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Genel Energy to benefit from dispute resolution In November 2011, the Turkish company Genel Energy International Ltd merged with Vallares PLC to become the largest oil and gas company operating in the Kurdistan region of Iraq. Renamed Genel Energy, the new company enlisted the London Stock Exchange (GENL). For both companies the purpose of this …

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