UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019
The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan said.
Iraq | Egypt Oil & Gas - Part 24
10 Killed in IS Attack on Iraq Gas Field
At least ten Iraqi security forces have been killed in an attack by Islamic State (IS) militants on a gas field in the western province of Anbar.
Iraqi Completes Repairs at Ajil Oilfield
Iraq has completed repairs at the Ajil oil field which was torched by Islamic State militants in 2015, the country's oil minister said on October 9.
Iraq Targets 60,000 b/d at Qayara Field Before 2019
Iraq is increasing crude oil production from its Qayara oil field with a target of 60,000 b/d before 2019, the field was nonoperating until 2017 as it was occupied by IS insurgents.
Siemens Nears Billion-Dollar Energy Generation Deal in Iraq
Siemens is reportedly close to agreeing a deal worth up to $10.6 billion to supply energy generation and power transmission technology to Iraq.
Iranian Company Agrees to Well Drilling and Repair in Iraq
The National Iranian Drilling Company (NIDC) signed a memorandum of understanding with an Iraqi company to conduct drilling and oil well repair at the Basra and Az Zubeir oilfields.
Iraq, China Joint Venture Deal by November
Iraq’s state oil marketer SOMO is closing in on a deal with China’s state-run Zhenhua Oil for a joint venture to help boost Iraqi oil sales to China, the world’s top oil importer.
Kuwait, Iraq to Study the Development of Shared Oil Fields
Kuwait and Iraq plan to appoint consultants to study the development of shared oil fields, as a solution to long-standing tensions over cross border oilfields.
Iraq, Petrofac Sign $369 M Agreement for Crude Processing Plant
Iraq has signed a deal with Petrofac worth $369 million for the construction of a new crude-processing plant in the giant Majnoon oilfield.
Baker Hughes Wins Iraqi Gas Flare Contract
Iraq South Gas Company (SGC) has awarded a contract to Baker Hughes a contract for fast-track solutions to help the recovery of flared gases in Nassiriya and Al Gharraf oilfields.
