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DNO Hits 100m Barrels from Tawke Companies Sought for Iraq-Jordan Pipeline Iraq launches first Proficiency Testing Scheme The New Iraq – Discovering Business 2015
 
DNO Hits 100m Barrels from Tawke

DNO Hits 100m Barrels from Tawke

By John Lee. DNO, the Norwegian oil and gas operator, produced its first 100 million barrels of oil at its flagship Tawke field in February. Executive Chairman Bijan Mossavar-Rahmani told a conference in Oslo: “Output will pick up at Tawke this spring with the expansion of the field’s capacity to 200,000 barrels per day.” A […]

Companies Sought for Iraq-Jordan Pipeline

Companies Sought for Iraq-Jordan Pipeline

By John Lee. A spokesman for Iraq’s Ministry of Oil has said that Iraq is looking for international companies to build a pipeline from Haditha to the Jordanian port of Aqaba. Assem Jihad told NINA: “Iraq signed an agreement with Jordan to extend a pipeline to transport oil through Haditha in Anbar to the Jordanian […]

Iraq launches first Proficiency Testing Scheme

Iraq launches first Proficiency Testing Scheme

Iraq has launched its first Proficiency Testing (PT) scheme, through the Iraqi Accreditation System (IQAS), targeting 20 material and mechanical (Hardness) testing laboratories. This is an important milestone in establishing the system required for laboratories to achieve accreditation against the requirements of ISO/IEC 17025, an international standard which shall assure that measurement services and tests […]

The New Iraq – Discovering Business 2015

The New Iraq – Discovering Business 2015

Allurentis, UK publishers of The New Iraq series, are now in production of the 2015 edition of the book. This will be the sixth edition and will be launched in the coming months. There are opportunities for organisations from all sectors to promote their services to a global audience through editorial features and advertising. For […]

DNO Hits 100m Barrels from Tawke

DNO Hits 100m Barrels from Tawke

04 March 2015

By John Lee. DNO, the Norwegian oil and gas operator, produced its first 100 million barrels of oil at its flagship Tawke field in February. Executive Chairman Bijan Mossavar-Rahmani told a conference in Oslo: "Output will pick up at Tawke this spring with the expansion of the field's...

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Posted in Oil & Gas6 Comments

Companies Sought for Iraq-Jordan Pipeline

Companies Sought for Iraq-Jordan Pipeline

04 March 2015

By John Lee. A spokesman for Iraq's Ministry of Oil has said that Iraq is looking for international companies to build a pipeline from Haditha to the Jordanian port of Aqaba. Assem Jihad told NINA: "Iraq signed an agreement with Jordan to extend a pipeline to transport oil through Haditha in...

Read the full story

Posted in Construction & Engineering, Oil & Gas4 Comments

Iraq launches first Proficiency Testing Scheme

Iraq launches first Proficiency Testing Scheme

04 March 2015

Iraq has launched its first Proficiency Testing (PT) scheme, through the Iraqi Accreditation System (IQAS), targeting 20 material and mechanical (Hardness) testing laboratories. This is an important milestone in establishing the system required for laboratories to achieve accreditation against...

Read the full story

Posted in Industry & Trade3 Comments

The New Iraq – Discovering Business 2015

The New Iraq – Discovering Business 2015

04 March 2015

Allurentis, UK publishers of The New Iraq series, are now in production of the 2015 edition of the book. This will be the sixth edition and will be launched in the coming months. There are opportunities for organisations from all sectors to promote their services to a global audience through...

Read the full story

Posted in Industry & Trade4 Comments

Unemployment Rate Passes 25%

Unemployment Rate Passes 25%

04 March 2015

By John Lee. The Iraqi Minister of Labour and Social Affairs, Mohammed Shayaa al-Sudani, has said that the unemployment rate in Iraq has passed 25 percent. Ministry statistics also show that Iraq's population is now almost 36 million, two million of whom are internally displaced as a result of...

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Posted in Employment4 Comments

Higher Iraqi Taxes hit Turkish Poultry Exporters

Higher Iraqi Taxes hit Turkish Poultry Exporters

04 March 2015

By John Lee. New taxes in force since the beginning of last week mean that Turkish producers exporting into Iraq now need to pay US$290 per ton of exported chicken meat, rather than $35 previously. As a result, the Turkish poultry sector, which has the fourth largest share in the world’s...

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Posted in Agriculture, Industry & Trade1 Comment

74 Hotels Close in Iraqi Kurdistan

74 Hotels Close in Iraqi Kurdistan

04 March 2015

By John Lee. BasNews quotes the Head of the Kurdistan Restaurant and Hoteliers Association, Hersh Ahmad, as saying that 74 of the region's 2,500 hotels have closed down in Erbil recently: “The main reason is the fight against the Islamic State (IS) ... And those which still operate have fired...

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Posted in Leisure and Tourism1 Comment

Weekly Security Update: 24 February – 03 March 2015

03 March 2015

National Overview As total nationwide fatalities hit their highest point since October 2014, the Iraqi Government launched the largest anti-ISIS offensive to date, in an attempt to retake one of the Islamic State group’s mains strongholds; Tikrit. The operation will be an important test...

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Posted in Weekly Security Update7 Comments

Remarks on Recent Statements from the Ministry of Oil

Remarks on Recent Statements from the Ministry of Oil

03 March 2015

Remarks on Recent Statements from the Ministry of Oil By Ahmed Mousa Jiyad. In the past two weeks, several statements reportedly attributed to the Minister of Oil, Mr. Adel Abdul Mahdi, have been circulating. An earlier one advocates the benefits of the Production Sharing Contracts, while the...

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Posted in Ahmed Mousa Jiyad, Oil & Gas8 Comments

Turkey to Explore for Oil in Qandil

Turkey to Explore for Oil in Qandil

03 March 2015

By John Lee. Turkish energy minister Taner Yildiz said today that agreements with Iraqi administrations open the door for Turkish oil exploration in Iraqi Kurdistan: "We have agreements with Baghdad and [the government in] northern Iraq ... In the frame of these agreements, we will explore for...

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Posted in Oil & Gas6 Comments

Iraqi Billionaire on Women’s Economic Empowerment

Iraqi Billionaire on Women’s Economic Empowerment

03 March 2015

By Madeleine White. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. The Iraqi billionaire industrialist shares the secret of his success – Women’s Economic Empowerment! We had risen early and were driving from Erbil through...

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Posted in Industry & Trade, Madeleine White6 Comments

KRG to Import Gas, Electricity from Iran

KRG to Import Gas, Electricity from Iran

03 March 2015

By John Lee. Roza Othman, a member of the Natural Resources Committee in the Kurdistan Parliament, has said that the KRG will sign a contract with Iran to import gas and electricity. The imported electricity and gas will be for civilians, and the gas will be delivered by pipeline. The Head...

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Posted in Oil & Gas3 Comments

Erbil Business Conference Highlights Open markets

Erbil Business Conference Highlights Open markets

03 March 2015

The first day of the Erbil Business Conference highlighted the interest of the Kurdistan Regional Government (KRG) to attract investment and to operate within the principles of open markets whilst battling the perception that it is a dangerous place to operate. The Conference started with a...

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Posted in Industry & Trade4 Comments

Afren Shares Rally on Deferred Payment

Afren Shares Rally on Deferred Payment

02 March 2015

By John Lee. Shares in Afren plc were trading 20 percent higher on Monday after the company announced that it has negotiated a deferral of the US$50m amortisation payment due on 31 January 2015 until 31 March 2015. The agreement was made with the lenders of the US$300m Ebok debt facility....

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Posted in Oil & Gas5 Comments

Oil Exports Reach 2.6m bpd in Feb

Oil Exports Reach 2.6m bpd in Feb

02 March 2015

By John Lee. Reuters reports that Iraq's oil exports rose in February to an average 2.597 million barrels per day, up from 2.535 million bpd in January. Iraq's southern terminals reached 2.293 million bpd, slightly down on the previous month due to bad weather, while exports from the north via...

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Posted in Oil & Gas9 Comments

United Kalavyrta Unloads in Israel

United Kalavyrta Unloads in Israel

02 March 2015

By John Lee. The tanker which was blocked for months by a Baghdad legal challenge from unloading its 1 million barrels of Kurdish crude oil in Texas, has reportedly delivered its cargo to Israel. The United Kalavyrta [United Kalavrvta, United Kalvrvta] (pictured) spent several months off the...

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Posted in Oil & Gas7 Comments

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