Insight Iraq

In-Depth News & Views

Gas

TotalEnergies in Iraq awards Wood $46m contract

Basra – TotalEnergies in Iraq recently awarded Wood a new $46 million, three-year contract. For the first phase of the Gas Growth Integrated Project in southern Iraq, Wood will assist with purchasing, construction, and commissioning, as well as providing front-end…

Production starts at Senegal’s first offshore oil field

Dakar – Senegal joined the club of oil-producing countries on Tuesday as Australian group Woodside Energy announced that production had started in the west African country’s first offshore project. While Senegal’s fossil fuel output is not expected to be as…

Iraq seeks to process 100% of extracted gas in 4 years

Baghdad (IraqiNews.com) – Iraq seeks to increase its natural gas processing capacity to 100 percent within four years, despite a lack of sufficient infrastructure. While Iraq extracts 3.1 billion cubic feet of natural gas per day, it processes no more…

Egypt’s Elsewedy Electric discusses investments in Iraq

Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, received on Monday the CEO of Elsewedy Electric, which specializes in sustainable infrastructure solutions, Ahmed Alsewedy. Alsewedy confirmed his company’s readiness to invest and work in Iraq, as it will…

Japan inflation slows to 2.2% in April

Tokyo – The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed Friday, with the figure remaining above the Bank of Japan’s two percent target. The Consumer Price Index (CPI) excluding volatile…

Baghdad signs contract to develop Iraq’s second largest gas field

Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Monday that the state-owned Midland Oil Company signed a contract with a consortium of Jereh Group, a Chinese oil field services company and manufacturer of oilfield equipment, and Petro Iraq…

US ends leasing in its largest coal-producing region

Washington – President Joe Biden’s government on Thursday announced it was ending coal leases in the Powder River Basin, the nation’s largest coal-producing region, drawing condemnation from the mining sector and praise from environmentalists. It comes as the world’s second…

Iraq, US review cooperation in energy sector

Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, and the US Assistant Secretary of State for Energy Resources, Geoffrey Pyatt, reviewed on Wednesday cooperation between the two countries in the energy sector. During their meeting in Baghdad, the…

Brazil government announces Petrobras chief dismissed

Brasília – The government of Brazilian President Luiz Inacio Lula da Silva announced Tuesday that the CEO of state oil company Petrobras has been sacked. The move follows a recent spat between Petrobras and shareholders over dividend payments, which heightened…

Iraqi-Chinese consortium to develop Tuba oil and gas field

Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil signed on Sunday an initial agreement with an Iraqi-Chinese consortium to develop the Tuba oil and gas field in southern Iraq. The project aims to produce crude oil with a capacity of…