Iraq MoO Intends to Launch 4 New Oil Refineries for Investments

Iraqi Ministry of Oil announced launching four investment opportunities for crude oil refineries across Iraq for international investors.

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MOC to Compensate Oil Production Shortage from North Oilfields

Maysan Oil Company (MOC) announced about its intentions to increase its oil production to compensate the shortage of oil exports stopped from the Iraq’s north oilfield and Kurdistan.

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LUKoil to Build 1.6 million barrel/day Oil Pipeline to Faw Port

The Iraqi Oil Ministry announced that the Russian oil company LUKoil will build an oil pipe with 1.6 million barrels per day capacity.

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CBI Starts Opening Accounts for Money Transfer Companies

Central Bank of Iraq announced  that its granting approval to the companies of money transfer to open accounts directly in the CBI.

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Iraq Officially Approves Oil Pipeline to Jordan

Minister of Transportation Hadi Al-Amiri announced from Amman that the Iraqi cabinet has approved laying a pipeline to supply Jordan with Iraqi oil.

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Korean KOGAS Confirms Plans to Sell Akaz Gas Field Shares

Korea Gas Corporation (KOGAS) revealed that it presented to the Korean government a plan to sell a part of its share in Akaz gas field in 2015 or later.

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Establishing Iraqi Investment Bank to Fund Large Infrastructure Projects

The National Investment Commission announced that Iraq is seeking to establish an Iraqi Public Sector Investment Bank which will contribute in funding major infrastructure projects and employ the revenues of private sector companies.

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MOC Oil Production Reaches 83million br/day in 2013

Maysan Oil Company announced that its annual production of crude oil last year 2013 reached more than 83 million barrels, indicating that its seeking 1 million per day on 2017.

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