Iraq is struggling between the urge to become a regional – and eventually an international – player on the gas scene and the need to supply a domestic market whose demand for gas for power generation is expected to continue rising drastically. That urge is exacerbated by the KRG’s ability to conclude swift deals to export gas regardless of whether such deals – which, like exporting oil, would require state…
Tag: Akkas
Gas Challenge
The most recent bid round launched this month for the three gas fields of Akkas, Mansouriah and Siba, promises to be challenging for both sides; the Iraqi oil ministry and the international oil companies, not least because it involves a third party: the electricity sector. The non-associated gas to be produced from the three fields, estimated collectively at a minimum of 700 MMcf/d to 900 MMcf/d will be allocated as…
3rd Licensing Round – Factbox
3rd Bid Round Results (Table) 3rd Bid Round Fields Map Updated 3rd Licensing Round Timeline Prequalified Companies Fields Basic Data- table
The Four Sisters
After initially announcing three weeks ago that he was setting up Thi Qar Oil Co. in the Nassiriya province, Iraqi Oil Minister Hussein al-Shahristani seems to have got better advice since, and is now set on creating the Midland Oil Co. to be in charge of the central oil and gas fields. Thi Qar division within SOC will remain in charge of the fields in the province, mainly Nassiriya and…