Iraq Government
Iraq Key Projects and Business Highligfhts In 2012, Iraq has been the theater of strategic step changes for most of the companies depending on their profile as international oil companies, national oil companies, small and mid-cap oil companies. The national oil companies, such as Gazprom, Lukoil, PetroChina, Petronas, were moving into the active development of […]
BP and CNPC ramped up oil production 10% per year In June 2009, the international oil company BP and the China National Petroleum Company (CNPC or PetroChina) were awarded the technical services contract (TSC) for the giant Rumaila oil field in the south of Iraq, closed to the Kuwait border. BP discovered the Rumaila oil field […]
Energize – Harmonize – Realize The national oil company PetroChina Company Limited (PetroChina) was established on November 1995, by the Chinese Government from the major restructuring of the oil and gas sector in China and of its national company at that time, China National Petroleum Corporation (CNPC). In this operation the Chinese Government keeps holding 100% […]
CNPC to connect Halfaya field to Al-Fao export terminal The joint venture between the national oil companies China National Petroleum Corporation (CNPC), also called PetroChina, together with its partners China National Offshore Oil Corporation (CNOOC) and the local Missan Oil Company (MOC) are preparing the call for tender of the export pipeline to connect the […]
Definition Technical Service Contract, or TSC, refers to an oil and gas exploration and production contract awarded by a producing country to the International Oil Company (IOC) bidding with the lowest remuneration fees per barrel (RFB) produced as reward of its capital and operational expenditures. Comments Most of the exploration and production contracts in the […]
Badra Export pipeline and Infield pipeline awarded soon Gazprom continues to award engineering procurement and construction (EPC) contracts for the different packages of its $2 billion Badra development project. Badra oil field is located in the Wasit Province at the Southeast of Iraq. Badra is part of these giant fields that the Iraq Government intends to develop to increase […]
Iraq and Chevron Phillips signed a Letter of Intent Iraq and Chevron Phillips Chemical Corp, a joint venture of Chevron Corp and ConocoPhillips, signed a letter of intent to perform a project feasibility study of developing a petrochemical plant in the country. The company would examine building a new facility and upgrading an existing Iraq-owned petrochemicals […]
Shell and Mitsubishi to gather gas from Basra oil fields The Iraq Government has given its nod to the natural gas exploration deal signed between Shell from the Netherlands and Japan’s Mitsubishi Corporation (Mitsubishi). The project, which requires capital expenditure of around $17.2 billion, was initially signed in 2008. The joint venture, Basra Gas Company (BGC) is state-controlled […]
