Prime Minister Nouri al-Maliki held talks with ExxonMobil chief Rex Tillerson (pictured) on Monday. AFP reports that the meeting was the first between the two since the firm signed an oil exploration agreement with Kurdistan in October ...
Tags: Maliki, Exxon Boss, Rex Tillerson, oil exploration agreement
A new report from Deloitte,entitled"Mergers and Acquisitions in the Oil and Gas Industry—Current upstream M&A issues and transaction considerations",looks at the factors affecting investment in Iraq: "Iraqi production,which has ...
Tags: Iraq, Oil and Gas Industry
By Christine van den Toorn. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. One of the most peaceful towns in Iraq, near ...
Tags: Iraq, Iraq economy, Iraqculture, Iraq history
Reuters reported that LUKoil had decided not to join the development of Iraq's West Qurna-1 oil field,citing high risks,paving the way for Chinese companies to enter the project. LUKoil oversees the largest share of oil reserves in ...
Tags: Mineral, Energy, Qurna-1 oil field
Businesses are increasingly taking advantage of the economic and political benefits of setting up operations in Malaysia, whether to gain access to a highly skilled but lower-cost workforce to support global operations, or as a stepping ...
Tags: Malaysia, BP, IT Initiative, Multimedia Super Corridor
A new rivalry at the top of the Organization of the Petroleum Exporting Countries oil group has emerged, pitting up and coming Iraq against undisputed cartel heavyweight Saudi Arabia. Having overtaken Iran as OPEC's second biggest producer, ...
Tags: oil, Petroleum Exporting, Petroleum, oil prices
Reuters reported that a dispute between Papua New Guinea and Canada's Nautilus Minerals threatens to sink plans to mine gold and other metals for the first time from the ocean floor. It could also work against efforts by the South Pacific ...
Tags: underwater miner, deposit copper, gold, minerals
Gulf News reported that UK based energy giant BP PLC has been invited back to bid for a renewal of its stake in Abu Dhabi’s oil concession and the Abu Dhabi National Oil Company aims to announce a shortlist of bidders soon. Although ...
Tags: oil, energy giant, oil concession, oil companies
Mr Gurbanguly Berdimuhamedow president of Turkmenistan said that we have to work hard to create favourable conditions for the implementation of the Turkmenistan, Afghanistan, Pakistan and India project. Mr Berdimuhamedow said that the ...
Tags: president of Turkmenistan, capacity of the pipeline, major project
The mass sell off of Apple’s stock is being driven by the looming fiscal cliff, specifically the expiration in January of tax cuts implemented by Bush. Apple’s share price fell as low as $505.75 during Friday’s trading, ...
Tags: Apple, Apple shares, Apple7, Exxon, Fiscal Cliff
Company BP operator of the Azeri Chirag Guneshli offshore fields' block has completed the construction of the bearing unit of the platform within the Chirag oil project. This is the heaviest block in the Caspian Sea, which was loaded onto ...
Tags: bearing, oil project, block, Chirag oil project
Mr John Dizard said that it is profitable to explore and produce gas in Ukraine now. Gas is cheaper in America and to get sizeable returns companies search for more cost effective deals elsewhere. The Ukrainian gas prices are high enough to ...
Tags: gas in the US, more cost effective deals, shale and coal-bed gas
Iraqi Kurdistan's oil exports have halved to around 100,000 barrels per day in recent days in what could be a result of its long running dispute with Baghdad over payments to oil firms operating in the region. An Iraqi oil official said ...
Tags: gas, Metallurgy
According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...
Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel
The Kurdish autonomy of Iraq has reduced oil supplies to the central government on account of non payment of debts to foreign companies operating on its territory. Mr Ali Hussein Balou an adviser to the Kurdish Ministry of Natural ...