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News category archive: Energy

  1. Speech by Deputy Prime Minister Dr Rowsch Shaways at the IBBC’s 7th London Conference, The Mansion House

    Ladies and gentlemen, I convey to you greetings of the Iraqi people, the government and the Prime Minister Mr Nuri Al-Maliki.  I am delighted to participate in this gathering that demonstrates our mutual conviction to achieve our desired goals. In previous addresses I underlined the strategic directions of our post 2003 economic policies,  the weaknesses Read More…

  2. Weir announces US$98m (£59m) contract for provision of maintenance services in Iraq

    PRESS RELEASE 24 January 2014   Weir announces US$98m (£59m) contract for provision of maintenance services in Iraq The Weir Group PLC (“Weir”) announces it has signed a contract with LUKOIL Oil Company (LUKOIL) to provide general maintenance services for the West Qurna-2 oilfield in Southern Iraq. The agreement, which is for two years and Read More…

  3. Iraq To Spend $500 Billion On Energy Industries – Deputy PM Tells IBBC Conference.

    Iraq will invest around $500 billion in energy and linked industries with the help of the private sector by 2030, the Deputy Prime Minister for Energy told a conference hosted by the IBBC and Iraq’s National Investment Commission. Dr Hussain al-Sharistani said the move would generate around $6 trillion in revenues and create around 250,000 Read More…

  4. IBBC Member Penspen Signs Power Plant Contract

    August 2nd 2012 Oil and gas engineering group Penspen has signed an agreement with Siemens to provide engineering and procurement services for a new simple cycle power plant in Southern Iraq. Siemens has agreed a base scope with the State Company for Oil Projects to work on the engineering and supply of the power plant Read More…

  5. Oil and Gas in Iraq Seminar held in Windsor Great Park

    IBBC’s development of oil and gas in Iraq seminar, which was hosted at Cumberland Lodge in Windsor between 15 and 17 July, has been commended as a huge success. Thirty-seven members attended the seminar, which commenced with a dinner on Friday evening addressed by Robin Ord-Smith MVO, the Director of UKTI Iraq. The seminar on Read More…

  6. Kuwait Energy awarded development contracts for Siba and Mansuriya gas fields in Iraq, 20 October 2010

    Kuwait Energy Company, one of the fastest growing independent oil and gas companies in the Middle East, announced today that it has been awarded 20 year term gas development contracts for Siba and Mansuriya gas fields in Iraq’s third bidding round. Siba field is located in Basra Governorate and Mansuriya field in Diyala province. Kuwait Read More…

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