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By John Lee. The Iraqi Ministry of Oil and its subsidiary, the Oil Products Distribution Company, have decided to implement electronic payment systems at all fuel stations starting January 1, 2024. The Ministry says it will also suspend cash handling from this date, adding that this move aligns with government guidelines to enhance efficiency, automate ....
Z Capital Group (ZCG) and the Nigeria Sovereign Investment Authority (NSIA) announced a joint venture partnership to establish a fund focused on infrastructure investments in Africa ....
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of two oil wells in the Zubair and Fakka [Jabal Fauqi] oil fields. The ZB-608 oil well in the Zubair oil field reached a depth of 3,598 meters using the 1,500-horsepower IDC 38 drilling rig. This is part of the contract with ....
By John Lee. An Italian engineering company has won a major contract for a gas processing project in Iraq. In its 47th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet approved the establishment of a nitrogen unit and gas compression and drying facilities at the West Qurna 2 field, and the ....