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Iraqi Govt Ministries to Attend Oil Conference in Berlin

Iraqi Government Ministries heading to Berlin for International Meeting in February

Iraq’s oil and gas industry has started 2018 with invigorating news including new blocks to be offered at a bidding round in May, several high profile deals finalised with international companies as well as the continued upstream reforms led by Minister of Oil Jabbar Al Luaibi, which aim to enhance investment conditions and establish the country as the next oil and gas cluster.

“We invite all international companies to participate. This new exploration bidding round aims to maximise reserves… We are keen to make significant changes to the new exploration model contracts, and to adopt a new commercial and financial model different from the service contract,” stated Jabbar Al Luaibi (Reuters)

CWC Iraq Petroleum, taking place in Berlin, Germany on 27-28 February 2018, brings you comprehensive updates on this new energy vision, directly from the Government of Iraq, the Federal Parliament of Iraq and the Ministry of Oil alongside the established international supermajors already operating in Iraq.

The event is held with the backing of Chevron, Shell, Lukoil, Total, Baker Hughes a GE Company, GardaWorld, Vinson & Elkins, OilSERV, RSK, ILF Consulting and RPSC.

This important meeting, now on its 12th year, provides an official platform for industry leaders to meet directly with Government officials to discuss the future of the industry as well as network and build lasting partnerships enabling commercial projects to become a reality.

Iraqi Government delegations attending the meeting include:

  • Iraq Government
  • Iraq Presidency
  • Iraq Parliament
  • Iraq Ministry of Oil
  • Iraq Ministry of Electricity
  • Iraq Ministry of Industry and Minerals
  • Iraq Ministry of Environment
  • Basra Governorate
  • Baghdad Provincial Council

View the full list of speakers and programme here or visit cwciraqpetroleum.com

(Source: CWC)

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Five Oil Storage Facilities available for Investment

By John Lee.

Iraq’s National Investment Commission (NIC) has included five oil storage facilities in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February:

  • Bin Omar field for crude oil in Basra Province, with a design capacity of 22x 66000 m3 (first phase) and 9x 66000 m3 (second phase).
  • Mosul field for Petroleum Products/ Gasoline 4x 10000 m3, Diesel Fuel 3x 10000 m3 and Kerosene 3x 10000 m3 in Mosul Province.
  • Tuba field for Petroleum Products/ Gasoline 4x 20000 m3, Diesel Fuel 2x 20000 m3, Kerosene 3x 10000 m3 and Jet fuel 2x 50000 m3 in Basra Province.
  • Aziziya field for Petroleum Products/ Gasoline 2x 10000 m3, Diesel Fuel 1x 10000 m3 and Kerosene 1x 10000 m3 in Kut.
  • Samara’a field for Petroleum Products/ Gasoline 4×2500 m3, Diesel Fuel 2×5000 m3 and Kerosene 2×5000 m3 in Saladin Province.

The full 46-page document can be downloaded here.

(Source: NIC)

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Five Oil Storage Facilities available for Investment

By John Lee.

Iraq’s National Investment Commission (NIC) has included five oil storage facilities in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February:

  • Bin Omar field for crude oil in Basra Province, with a design capacity of 22x 66000 m3 (first phase) and 9x 66000 m3 (second phase).
  • Mosul field for Petroleum Products/ Gasoline 4x 10000 m3, Diesel Fuel 3x 10000 m3 and Kerosene 3x 10000 m3 in Mosul Province.
  • Tuba field for Petroleum Products/ Gasoline 4x 20000 m3, Diesel Fuel 2x 20000 m3, Kerosene 3x 10000 m3 and Jet fuel 2x 50000 m3 in Basra Province.
  • Aziziya field for Petroleum Products/ Gasoline 2x 10000 m3, Diesel Fuel 1x 10000 m3 and Kerosene 1x 10000 m3 in Kut.
  • Samara’a field for Petroleum Products/ Gasoline 4×2500 m3, Diesel Fuel 2×5000 m3 and Kerosene 2×5000 m3 in Saladin Province.

The full 46-page document can be downloaded here.

(Source: NIC)

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NIC Announces 157 Major Strategic Projects in Iraq

By John Lee.

Iraq’s National Investment Commission (NIC) has just announced the list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February.

The 157 large- and medium-sized projects span all sectors of the Iraqi economy, including oil and gas, transport, housing, agriculture and education.

The full 46-page document can be downloaded here.

(Source: NIC)

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IBBC holds Successful Autumn Conference in Dubai

Iraq Britain Business Council holds successful Autumn Conference in Dubai

Following on from the first Iraq Britain Business Council conference in Dubai in 2016, the IBBC was delighted to host its Autumn Conference in the UAE once again. The event was strongly supported by the UAE authorities.

Alongside Baroness Nicholson, the UK Prime Minister’s Trade Envoy to Iraq and President of the IBBC, the conference was opened by H.E. Abdullah Al Saleh, Under Secretary for Foreign Trade and Industry, UAE Ministry of Economy.

The Minister reminded delegates that non-Oil & Gas related trade between the UAE and Iraq had already passed 11 Billion USD in 2016, with Dubai in particular being a hub for local and international companies in the region.

The Minister firmly believes that the UAE’s role in the rebuilding of Iraq will continue to expand and expressed his wish to cooperate with organisations such as the IBBC to accomplish this crucial task.

Vikas Handa, IBBC UAE Representative and the Managing Director of the Emirati Company DrillTech, warmly thanked the minister and stated that the IBBC stands ready to work even more closely with the UAE in Iraq.

The Government of Iraq sent a high calibre ministerial delegation led by H.E. Mr Qasim Al-Fahdawi, The Minister of Electricity, to the conference. The delegation included H.E. Mrs Ann Naufi Aussi Balbool, Minister of Construction Housing and Public Municipalities; H.E. Kadhim Fijan Al Hamami, Minister of Transport; H.E. Dr Sami Al Araji, Chairman of the National Investment Commission (NIC); and H.E. Mr Fayadh Hassan Nima, Deputy Minister of Oil for refining affairs.

The conference was structured around several sessions in which the Iraqi officials and international companies operating successfully in Iraq, most of which are members of the IBBC, exchanged their views and experiences.

These sessions focused on strengths, weaknesses and opportunities of the economy in Iraq, Reconstruction & Infrastructure, Transport, Power and Oil & Gas. In parallel, a series of high level round-table discussions between investors and Iraqi Government representatives took place.

The conference included for the first time a presentation on the rapidly developing Tech sector in Iraq , given by the CEO of Zain.

IBBC thanks the International Finance Corporation (World Bank) and the IMF for its participation. Thanks also go to the IBBC members who sponsored the conference: Gold Sponsor International Islamic Bank; Silver Sponsors Serco and Gulftainer; Lunch Sponsor Rolls-Royce; pre-reception Sponsor Wood; and Coffee Break Sponsors Eversheds Sutherland and KCA Deutag.

IBBC Managing Director, Christophe Michels, stated that the increasing involvement of the UAE and wider GCC with Iraq was a game changer for the country. The IBBC very much welcomes this development and is delighted to be part of it and support it. The organisation will increase its presence in the UAE and the Autumn Conference in Dubai will become a regular feature in its calendar of events.

(Source: IBBC)

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Kurdistan Oil Conference in London Postponed

By John Lee.

The CWC Kurdistan-Iraq Oil and Gas conference, planned for London in December, has been postponed.

The Kurdistan Regional Government (KRG) cited “the current logistical and other circumstances affecting the Kurdistan Region” for their request to reschedule the conference.

CWC has said that new dates and venue will be announced shortly.

(Sources: KRG, CWC)

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Opportunity for UAE Business: Key Iraqi Ministers come to Conference

Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November.

The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, to the Governor of Basrah and International financiers, including the IMF and World Bank.

Vikas Handa, the IBBC UAE representative agrees:

“Iraq is the second largest oil producer in OPEC and has one of the biggest programmes for new power generation projects in the region; Iraq presents massive opportunities for housing, Infrastructure and FMCG businesses. The event is designed to discover the opportunities and projects live and intended in Iraq, for business people to meet the decision makers, to obtain insights and to network”.

UAE is increasingly seen as the regional hub for corporate operations in Iraq and the place where business decisions are determined.

We can confirm this as a range of leading international companies are attending, including GE, Siemens, BP, Wood, Serco, Shell, Petronas, Gulftainer, Zain, KCA Deutag, the International Islamic Bank and more. There will also be plenty of networking and engagement on the sidelines beyond the main stage.

The IBBC Dubai conference is also the location for the Governor of Basrah to outline his vision for the future, and it is expected ministers will outline the latest thinking on the evolving situation in Iraq and the opportunities this brings.

To register, please follow the link: http://www.webuildiraq.org/ibbc-conference/autumn-conference/

(Source: IBBC)

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Opportunity for UAE Business: Key Iraqi Ministers come to Conference

Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November.

The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, to the Governor of Basrah and International financiers, including the IMF and World Bank.

Vikas Handa, the IBBC UAE representative agrees:

“Iraq is the second largest oil producer in OPEC and has one of the biggest programmes for new power generation projects in the region; Iraq presents massive opportunities for housing, Infrastructure and FMCG businesses. The event is designed to discover the opportunities and projects live and intended in Iraq, for business people to meet the decision makers, to obtain insights and to network”.

UAE is increasingly seen as the regional hub for corporate operations in Iraq and the place where business decisions are determined.

We can confirm this as a range of leading international companies are attending, including GE, Siemens, BP, Wood, Serco, Shell, Petronas, Gulftainer, Zain, KCA Deutag, the International Islamic Bank and more. There will also be plenty of networking and engagement on the sidelines beyond the main stage.

The IBBC Dubai conference is also the location for the Governor of Basrah to outline his vision for the future, and it is expected ministers will outline the latest thinking on the evolving situation in Iraq and the opportunities this brings.

To register, please follow the link: http://www.webuildiraq.org/ibbc-conference/autumn-conference/

(Source: IBBC)

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IBBC Autumn Conference 2017: ‘Together We Build Iraq’

IBBC Autumn Conference 2017: ‘Together We Build Iraq’
12 November 2017, The Address Dubai Marina, Dubai

The Iraq Britain Business Council (IBBC) is pleased to invite you to the IBBC Autumn Conference at The Address Hotel Dubai Marina, United Arab Emirates, on Sunday 12 November 2017.

This years’ event follows IBBC’s successful inaugural conference of 2016 held in the UAE, a hub for global and regional companies that operate in the Middle East.

The theme of this year’s Autumn Conference is ‘Together We Build Iraq’ and will focus predominantly on the ongoing effects and needs of Iraq’s reconstruction and the opportunities of investment available to British and International companies during this process. There will also be panels discussing the Power and Oil & Gas sectors.

The five conference sessions will focus on:

  • Strengths and Weaknesses of the Economy in Iraq
  • Reconstruction and Infrastructure – The Built Environment
  • Enabling Reconstruction
  • Power
  • Oil & Gas

The IBBC Autumn Conference 2017 will be chaired by Vikas Handa, IBBC UAE Representative and will be led by the following confirmed speakers:

  • Baroness Nicholson of Winterbourne, The Prime Minister’s Trade Envoy to Iraq, Azerbaijan & Turkmenistan and President of IBBC
  • H.E. Mr Qasim Al-Fahdawi, Minister of Electricity
  • H.E. Mr Kadhim Finjan Al Hamimi, Minister of Transport
  • H.E. Mrs Ann Nafi Aussi Balbool, Minister of Construction, Housing and Public Municipalities
  • H.E. Dr Sami Al Araji, Chairman of the National Investment Commission
  • Marwa Alnasaa, Resident Representative for Iraq, International Monetary Fund (IMF)
  • Dr Jaafar Dhia Jaafar, CEO, URUK Engineering
  • Zaid Elyaseri, Iraq Country Manager, BP
  • Peter Mohring, Managing Director – Aviation & Defence, Serco
  • Zeeshan A. Sheikh, EMENA Infrastructure & Natural Resources, International Finance Corporation
  • Suha AlKifaee, Managing Director, IIB
  • Zaid Al-Ansari, Executive Country Manager-Iraq, GE
  • Tarek Hamade, Environment & Infrastructure lead for the Middle East, Amec Foster Wheeler
  • Tawfiq Tabbaa, Managing Partner – Iraq, Eversheds Sutherland
  • Salem Chalabi, Partner, Stephenson Harwood Middle East LLP
  • Nikolay Dimitrov, Business Development Manager (Middle East and Africa), KCA Deutag
  • Anne Kerr, Global Head – Urbanisation, Mott MacDonald
  • Iain Rawlinson, Group Commercial Director, Gulftainer
  • Phill Sherwood, Executive Director, AMAR International Charitable Foundation
  • Danielle Montgomery, Managing Director, Middle East, North Africa and Turkey, OPIC

A pre-conference reception and networking event will be held on Saturday 11 November at 18:00 at the Address Dubai Marina.

IBBC warmly thanks the International Islamic Bank, which has generously agreed to be the event’s Gold Sponsor, in addition to Silver sponsors Serco & Gulftainer. Completing the sponsorship line-up are Amec Foster Wheeler, which will serve as the Reception sponsor, and Coffee Break Sponsors KCA Deutag & Eversheds Sutherland.

Sponsorship opportunities are still available. Please email london@webuildiraq.org for details.

Registration is now open. The registration fee for non-members is £700. IBBC members and members of partner organisations are entitled to special discounted rates. To request the discount codes or if you need assistance, please email the team at london@webuildiraq.org or phone +44 (0) 20 7222 7100.

The IBBC team looks forward to seeing you in Dubai for the Autumn Conference.

Download the latest Agenda Here.

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Interview with Ali Fares: Overview of the Opportunities

Ahead of the international Basra Oil, Gas & Infrastructure 2017 Conference which CWC Group hosts annually with the Basra Governorate, the Basra Council and the Basra Oil Company, Nawar Abdulhadi, MENA Director for CWC Group interviewed Mr Ali Shadad Al Fares, Chairman of the Oil & Gas Committee at the Basra Council.

Mr Ali Fares highlights the importance of the Conference for the province this year as well as for the rest of Iraq as Basra moves towards expanding to accommodate the upcoming projects in the new era focusing on rebuilding Iraq.

Mr Al Fares touched upon the oil, gas, petrochemicals and power projects, the infrastructure and constructions projects as well as the transportation and logistics projects which will be addressed at the international conference in Beirut between the 30-31st of October.

Nawar Abdulhadi: What are the current opportunities for companies investing in oil and gas in Basra?

Mr Al Fares: There are many opportunities, which are the focus of the local government of Basra and the Federal Oil Ministry. I would like to highlight the following:

  1. Strategic Sea Water Project to supply the fields for water injection.
  2. Aqaba pipeline project, which extends from Rumaila field to Najaf Governorate.
  3. Investment project in the gas fields with a new economic model (Nahran Omar, national fields, the exploitation of gas flared in the fields of other remaining licensing rounds)
  4. Investment in non-invested oil fields that are managed through the small and medium national effort.
  5. The joint fields with the Iranian side and the Kuwaiti side.
  6. There are different projects within which the size of investment is very important as they must be within the contracts of the licensing rounds, such as digging new wells and the maintenance of the old and the infrastructure of the oil and gas sector.
  7. The Muftiyah tourist project in Basra, located on the Shatt al-Arab, using the private investment model .