Iraq Business News: Oil & Gas

FEBRUARY 25, 2025

The Iraqi Council of Ministers has approved an increase in the consultancy contract amount for the Basra Refinery Development / Fluid Catalytic Cracking (FCC) Project with Japan's UNICO and France's Technip. The decision also includes an extension of the contract duration, granted as an exception to Government Contracting Instructions No. (2)

Consulting 40

Consulting Refinery Government Engineering 40

Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. For many, stealing crude oil from the pipelines and processing it at one of the many illegal refineries in the region is a means of earning a living. How did this happen?

Oil 52

Oil Royalty Exploration and Production Government 52

The Energy Law

OCTOBER 16, 2014

As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.

Crude Oil 40

Crude Oil Oil Government Transportation 40