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Iraq Business
10 hours ago
- Iraq Business
Iraq Opens Central Gas Processing Facility at Block 9
By John Lee. The Ministry of Oil has inaugurated the Central Gas Processing Facility at the Al-Faihaa [Fayhaa, Block 9] oil field in Basra, with a capacity of 130 million standard cubic feet per day (MMSCFD). The launch was conducted via video link by Prime Minister Mohammed Shia Al-Sudani, in the presence of Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani. The Prime Minister praised the engineers and technical teams who contributed to the successful completion of this and other gas-related projects, which align with the government's strategy to reduce gas flaring, enhance oil sector development, diversify revenues, and protect the environment. Minister Abdul Ghani reiterated the Ministry's commitment to investing in associated gas from oil fields to drive industrial development and boost national economic returns through increased and diversified income streams. He emphasised that gas projects such as this are critical for ensuring a stable fuel supply for electricity generation. The inauguration was also attended by Oil Ministry Undersecretaries Basim Mohammed Khudair (Extraction Affairs) and Izzat Saber Ismail (Gas Affairs), the Director General of South Gas Company, and officials from Basra's local government and the broader oil sector. Al Faihaa field is also known as Block 9. According to Wood Mackenzie , it is an extension of Iran's giant Yadavaran field. In January 2022, Kuwait Energy Basra Limited (KE Basra), an indirect wholly-owned subsidiary of Hong Kong-based United Energy Group (UEG), entered into an EPCC (engineering, procurement, construction and commissioning) contract with a Chinese consortium to provide a central processing facility including oil treatment system and auxiliary systems at the field. The contractor was a consortium consisting of China CAMC Engineering and CNOOC Petrochemical Engineering. (Source: Ministry of Oil)
Iraqi News
2 days ago
- Iraqi News
Iraq's Development Road to include 6 airports and 15 industrial cities
Baghdad ( – Iraq's Ministry of Transport recently unveiled key outcomes from a pivotal meeting led by Prime Minister Mohammed Shia Al-Sudani regarding the ambitious Development Road project. Held last Wednesday, the session brought together the Minister of Transport, the head of the Supreme Committee for Coordination Between Governorates, and various directors-general, advisors, along with a representative from Oliver Wyman, the project's economic consultant. Maytham Al-Safi, Director of Relations and Media for the Ministry of Transport, told the Iraqi News Agency (INA) that discussions around the Development Road project have been continuous. These meetings have involved the Ministry of Transport, other relevant institutions, and both the Italian technical consultant (BTB) and the economic consultant, Oliver Wyman. Delving into last Wednesday's meeting, Al-Safi explained that the Prime Minister stressed a clear commitment to implementing directives, particularly concerning the formation of a committee. This committee will be tasked with determining the final route between Iraq and Turkey, basing its decisions on technical and economic considerations. Furthermore, the Prime Minister emphasized resolving all existing challenges within the project and adhering to its strict timelines. The meeting also featured a presentation by Oliver Wyman on the project's economic and financial model, according to Al-Safi. This presentation, a culmination of previous discussions with the Ministry of Transport, outlined the economic framework to be presented to the Prime Minister, leading to its finalization and preparation for investment offerings. Regarding the project's current status, Al-Safi confirmed that the preliminary design phase has concluded, and significant progress has been made in the detailed design stage. The Ministry aims to present the project to major international companies by the end of the current year. The project will be strategically divided into sections to encourage competition among global firms, ensuring their adherence to international standards for successful implementation. Beyond Iraq's borders, Al-Safi disclosed that several countries are already formal partners in the project, including Turkey, Qatar, and the United Arab Emirates, via signed Memoranda of Understanding. Additionally, another council has been formed, comprising Turkey, Hungary, Serbia, and Bulgaria, representing the European dimension of the initiative. Other nations also aspire to join the project, either in its execution or participation. Al-Safi highlighted recent visits from economic representatives of various embassies in Baghdad to the Ministry of Transport and the Supreme Committee for the Development Road project, including the Chinese economic advisor last year and the Australian and French ambassadors this year. These discussions underscored widespread international interest in the project, recognizing it as a global endeavor with implications beyond Iraq for the entire region and the world. Ultimately, Al-Safi asserted that the Development Road project is poised to create thousands of job opportunities for Iraqis and fundamentally transform Iraq's economic transportation landscape. It is also expected to boost the national economic output, leading to comprehensive Iraqi economic integration, both domestically and internationally. The project's overarching policy aims for seamless connectivity across all sectors. Al-Safi further clarified that the project will integrate three existing major airports—Baghdad, Basra, and Najaf—and will connect to three new airports slated to enter service: Nasiriyah, Karbalaa, and the recently opened Mosul airport. Moreover, the project will link to 15 industrial cities, emphasizing its role beyond mere transit. He concluded by stating that the project is an integrated developmental initiative, benefiting connecting provinces by utilizing their raw materials and generating investment opportunities through local governments, institutions, and ministries.
Shafaq News
3 days ago
- Shafaq News
Zelenskyy: Putin meeting in Istanbul POSSIBLE
Shafaq News – Kyiv On Friday, Ukrainian President Volodymyr Zelenskyy revealed that a meeting with Russian President Vladimir Putin is being discussed as part of ongoing negotiations in Istanbul. 'We need to end the war, and that likely starts with a meeting between leaders,' Zelenskyy told reporters, calling the talks a step forward toward a potential summit. The Kremlin has indicated, however, that Putin would only attend such a meeting in the final stages of negotiations, citing "wide differences" and the need for "thorough preparation." Ukraine has proposed holding the summit by late August. As negotiations continue, Russia's Defense Ministry reported earlier that its air defenses had destroyed 105 Ukrainian drones, including 93 overnight across 10 regions, in one of the largest such incidents in recent weeks. Zelenskyy also said Ukraine is working to secure funding for 10 US-made Patriot air defense systems, with Germany and Norway already covering the cost of three. Another agreement will allow Ukraine to export drones to the US, reversing a previous informal restriction on arms exports. Today I spoke with the manufacturers of interceptor drones. I visited the facility, thanked the team, and saw firsthand how protection for our cities and villages, for our people, is being produced. Ukraine knows how to create outstanding things and maintains its technological… — Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) July 25, 2025 At home, Zelenskyy is facing large-scale protests over a new law that removes the independence of two top anti-corruption agencies, drawing criticism from European allies concerned about Ukraine's reform track. In response, the government submitted legislation to restore the autonomy of the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAPO), pending parliamentary approval. 'It's natural for people to protest when they disagree,' Zelenskyy said. 'We're listening—but right now, the war remains our top priority.' Today, my bill is already in the Verkhovna Rada of Ukraine – fulfilling my promise – for justice, for law enforcement and anti-corruption agencies. Full-fledged guarantees of the independence of anti-corruption agencies. Real opportunities to verify, so that any Russian… — Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) July 24, 2025
