Latest news with #BasraOilCompany
Shafaq News
01-06-2025
- Politics
- Shafaq News
Engineers, police trade accusations after Basra protest turns violent
Shafaq News/ On Sunday, clashes erupted between protesting engineering graduates demanding employment and Iraqi security forces outside the Basra Oil Company headquarters. In a statement to Shafaq News Agency, the Basra Engineers Syndicate described the incident as 'unjustified assaults' by security personnel on peaceful protesters, reporting cases of physical and verbal abuse. The syndicate urged authorities to hold those responsible accountable and take measures to prevent similar incidents. It also demanded the release of any detainees, warning that legal action would be pursued over what it described as a blatant violation of human rights and legally guaranteed freedoms. 'Addressing the protesters' demands—rather than silencing them—is the proper path to justice and stability.' Meanwhile, Basra Police announced in a statement that one of its officers sustained a serious eye injury and a broken nose while performing his duties to protect demonstrators, adding that the situation was handled under legal protocols to restore order and maintain public safety. It also confirmed that legal measures were taken against officers who responded with unauthorized use of force, 'in line with professional discipline and official guidelines.'
Iraqi News
16-04-2025
- Business
- Iraqi News
Ministry of Oil: New Offshore Pipeline Connects 3 Strategic Export Ports
Baghdad – INA The Ministry of Oil clarified details of the third offshore pipeline project on Wednesday, confirming that the project will enhance crude oil export capacity from the southern region, with a design capacity of 2.4 million barrels per day, by connecting three strategic ports. Basem Abdul Karim, Director General of the Basra Oil Company, told the Iraqi News Agency (INA): "The third offshore oil export pipeline project is one of the strategic projects to which the government has attached great importance," indicating that "the project will enhance export capacity from the south and contribute to a tangible increase.". He added that "the project consists of a 48-knot offshore pipeline extending 61 kilometers offshore and 9 kilometers onshore." He noted that "the pipeline connects three offshore platforms: the first for valves near the Basra oil port, the second near the Khor al-Amaya port, in addition to an SPM-4 export platform." Abdul Karim explained that "the project also includes vital support projects, including the marine pipeline, which includes communications, electricity, and electrical and communications control systems.". He explained that "a consortium of the Italian company Mycoperi and the Turkish company ESTA was selected to implement the project after a technical, commercial, and financial evaluation of four applicant companies, under the supervision of the project's accredited Japanese consultant.". He pointed out that "the two companies submitted a comprehensive technical and commercial proposal for the construction of the pipeline and all its systems. The project was referred by the subcommittees of the Basra Oil Company, then through the Central Committee of the Ministry of Oil and the Ministerial Energy Committee, finally to the Council of Ministers, which officially approved its transfer to the Italian-Turkish consortium.". He emphasized that "the project connects three main ports: the Basra Oil Port, the Khor al-Amaya Port, and the SPM-4 export platform, with a design capacity of approximately 2.4 million barrels per day." He concluded by saying, "The project will be implemented over a two-year period, while initial operations of the Basra section will begin within 8 to 9 months, a period included within the project's full timeframe."
Iraqi News
13-04-2025
- Business
- Iraqi News
Iraq signs oil export deal with Italy's MICOPERI to boost Basra capacity
Baghdad ( – Iraq has taken a major step toward enhancing its oil export infrastructure with a new agreement aimed at increasing crude shipments from the country's key southern terminals. Under the direction of Iraqi Oil Minister Hayan Abdul-Ghani, Basra Oil Company has signed a deal with a consortium comprising Turkey's ESTA and Italy's MICOPERI to build Iraq's third offshore oil export pipeline. The initiative is designed to improve the reliability and flexibility of Iraq's southern oil exports. According to the Ministry of Oil, the new pipeline will have the capacity to export 2.4 million barrels of crude per day, significantly strengthening the country's position in global energy markets. The project includes the installation of a 48-inch pipeline extending 61 kilometers offshore and an additional 9 kilometers onshore. It will also involve the construction of two offshore platforms, a floating export buoy, and supporting systems for electrical power, communications, control, and cathodic protection. Once completed, the upgraded infrastructure is expected to ensure smoother, more consistent export operations from Basra's ports — a vital hub for Iraq's oil industry.
Zawya
13-04-2025
- Business
- Zawya
Iraq signs contract for third offshore oil export pipeline
Iraq's Ministry of Oil announced on Sunday that state-owned Basra Oil Company has signed a contract with Italy's MICOPERI and Turkey's ESTA to construct the country's third offshore crude export pipeline. The new pipeline, which will have a design capacity of 2.4 million barrels per day (bpd), is aimed at enhancing the flexibility and stability of Iraq's oil exports through its southern ports, local media report citing official statement. The infrastructure will support export operations through Basra Oil Terminal, Khor Al-Amaya Oil Terminal, and a floating Single Point Mooring (SPM) platform. The project scope includes the installation of a 48-inch offshore pipeline extending 61 kilometres at sea and 9 kilometres on land. It also involves the construction of two offshore platforms—one each at Basra Oil Terminal and Khor Al-Amaya—and the deployment of a floating SPM platform. The project cost and completion timelines weren't disclosed. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Khaleej Times
09-04-2025
- Business
- Khaleej Times
Crescent Petroleum completes first phase of seismic exploration in Diyala field
Crescent Petroleum, the Middle East's oldest and largest private oil and gas company, has announced the completion of the first phase of its 3D seismic campaign at the Khashim Ahmer block in Diyala Governorate in Iraq. The milestone marks a major step forward in the development of the immense non-associated gas field, which promises to significantly contribute to Iraq's energy independence and support the Iraqi government's efforts to improve electricity services while creating thousands of new jobs in the Diyala region. The seismic survey, which was completed on on-time and on-budget used the latest seismic nodal technology to provide the first high-resolution insight into the field's reservoirs, while enabling the placement of initial appraisal wells. Crescent Petroleum will now also be issuing turnkey contracts on an accelerated basis for drilling the appraisal wells with spudding expected later this year. The initial phase of the appraisal and development project will be followed by construction of facilities to meet first commercial production, with a total investment estimated at $200-250 million. Once the anticipated hydrocarbon resources are established, follow-on project phases will include further development drilling, construction of a central processing facility and associated infrastructure to handle up to 400 MMscf/d of gas and 80,000 b/d of condensates, with an expected investment exceeding $1 billion. 'Reaching this milestone on time and on budget underscores the commitment with which Crescent Petroleum is proceeding with our Iraq projects in Diyala and Basra, as we work to unlock the immense resources of the fields and contribute to Iraq's economy and to the Iraqi government's efforts to deliver improved services for thepeople,' said Abdulla al Qadi, Iraq Country Chair and MD Diyala and Basra at Crescent Petroleum. 'Crescent Petroleum has been a pioneer in the private sector development of natural gas in the MENA region, and we will bring our more than 54 years of expertise in delivering complex projects for shared value to the communities we serve and our stakeholders,' he added. The Diyala projects by the company will create thousands of direct and indirect new jobs in Diyala and surrounding governorates, giving a significant boost to the area's economy. Once operational, the project will also enable the government to save on fuel costs and enhance electricity provision and economic development. In 2023, Crescent Petroleum signed two 20-year contracts with the Midland Oil Company for the Khashim Ahmer-Injana and Gilabat-Qumar fields in Diyala governorate, and another with the Basra Oil Company for the Khider Al-Mai field exploration in Basra governorate. Between October and December 2023, the Ministry of Oil activated these contracts, and development of the blocks has proceeded at a rapid pace. Exploration studies are being undertaken in the KAM block to define the ranked portfolio of opportunities and target the most attractive for exploration activities planned In 2026. The new blocks significantly expand Crescent Petroleum's operational footprint in Iraq, adding to the company's operations in the Kurdistan Region, and making the company the largest private upstream operator in Iraq by field count and area. As the projects progress, the company is committed to achieving 90 per cent Iraqi employment in the operations while initiating a variety of social performance projects for training, education, and social services in Diyala and beyond to support the communities where it will operate. Crescent Petroleum Company International Limited (CPCIL) was awarded the Khashm Ahmer-Injana (KAI) Contract Area by the Iraqi Ministry of Oil in 2018 as part of its Fifth Petroleum Licensing Round, under a Development and Production Contract. The Contract was signed by Midland Oil Company (MdOC) of the Iraqi Ministry of Oil and CPCIL on February 21, 2023 and became effective on October 15, 2023.
