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Petrofac Wins New Iraq Business Oryx Updates on Demir Dagh Will Iraq’s Shiites Secede? Video: Syrian Kurds face Uncertain Future
 
Petrofac Wins New Iraq Business

Petrofac Wins New Iraq Business

By John Lee. Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and brings the total value of the contract to more than US$300 million since it was first awarded in […]

Oryx Updates on Demir Dagh

Oryx Updates on Demir Dagh

By John Lee. Oryx Petroleum has announced an appraisal drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-7 and Demir Dagh-8 appraisal wells (“DD-7” and “DD-8”, respectively). Oryx Petroleum is the operator and has a 65% participating and working […]

Will Iraq’s Shiites Secede?

Will Iraq’s Shiites Secede?

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the Rise of ISIS, Will Iraq’s Shiites Secede? As Iraqi Shiites celebrate the […]

Video: Syrian Kurds face Uncertain Future

Video: Syrian Kurds face Uncertain Future

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Syrian Kurds are continuing to stream into Kurdish areas of northern Iraq, as the Islamic State of Iraq and the Levant (ISIL) continues its offensive across much of Syria. Hundreds of Syrian Kurds […]

Petrofac Wins New Iraq Business

Petrofac Wins New Iraq Business

31 October 2014

By John Lee. Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and brings the total value of the contract to more than US$300...

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Oryx Updates on Demir Dagh

Oryx Updates on Demir Dagh

31 October 2014

By John Lee. Oryx Petroleum has announced an appraisal drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-7 and Demir Dagh-8 appraisal wells (“DD-7” and “DD-8”, respectively). Oryx Petroleum is...

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Will Iraq’s Shiites Secede?

Will Iraq’s Shiites Secede?

31 October 2014

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the Rise...

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Video: Syrian Kurds face Uncertain Future

Video: Syrian Kurds face Uncertain Future

31 October 2014

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Syrian Kurds are continuing to stream into Kurdish areas of northern Iraq, as the Islamic State of Iraq and the Levant (ISIL) continues its offensive across much of...

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Currency Auction Results, 30th Oct

Currency Auction Results, 30th Oct

30 October 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Thursday. A total of $196,701,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Shares in GKP Jump Again on Iraq Update

Shares in GKP Jump Again on Iraq Update

30 October 2014

By John Lee. Shares in Gulf Keystone Petroleum (GKP) gained another 19 percent on Thursday morning, following approval of its Field Development Plan (FDP) for Akri-Bijeel, in which it holds a 20 percent working interest. The FDP is based on these two discovery areas, i.e. Bijell area and the...

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Afren Falls on Management Statement

Afren Falls on Management Statement

30 October 2014

By John Lee. Shares in oil explorer Afren fell by more than 5 percent on Thursday morning as the company's output failed to meet expectations due to installation delays, repair work and adverse weather. In its Interim Management Statement, the company gave the following update on its...

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GKP Shares Rally on Announcement

GKP Shares Rally on Announcement

30 October 2014

By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed 14 percent higher on Wednesday following the company's announcement that it is to reschedule its Interim Management Statement. The shares had been up as much as 30 percent in the afternoon, on expectations of positive news to follow....

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Road Projects Inaugurated in Najaf

Road Projects Inaugurated in Najaf

30 October 2014

By John Lee. Aswat Al Iraq reports that Iraq's Minister of Reconstruction and Housing, Tariq al-Khikani], has inaugurated two road projects in Najaf and laid the cornerstone for another two. The first road project is 26 km long, with a cost of 2.73 billion Iraqi dinars; the second is 27.15 km...

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Posted in Construction & Engineering0 Comments

Belarus to Boost Cooperation with Iraq

Belarus to Boost Cooperation with Iraq

29 October 2014

By John Lee. A senior official from Belarus has said his country wants to dramatically expand cooperation with Iraq. Vladimir Andreichenko (pictured), Chairman of the House of Representatives of the National Assembly of Belarus, met with the Iraqi Ambassador, Haidar Hadi on Wednesday;...

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Barzani Meets Head of US Central Command

Barzani Meets Head of US Central Command

29 October 2014

Kurdistan Region President Masoud Barzani met with the commander of the United States Central Command General Lloyd Austin and the US Ambassador to Iraq Mr. Stuart Jones in Erbil on Tuesday. The President and the US general discussed the military campaign currently underway against the ISIS...

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IS uses Intelligence to Purge Opponents

IS uses Intelligence to Purge Opponents

29 October 2014

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Islamic State (IS) differs from its predecessors and similar groups by running a powerful intelligence apparatus that is strong and has plenty of...

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Currency Auction Results, 29th Oct

Currency Auction Results, 29th Oct

29 October 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Wednesday. A total of $234,456,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Companies Invited to Produce Tractors

Companies Invited to Produce Tractors

28 October 2014

By John Lee. Iraq's Industry Ministry has invited three foreign companies to set up production facilities for agricultural tractors in Iraq. According to the report from Aswat Al Iraq, the terms of the deal would require the companies to source at least 40 percent of their parts from the...

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Posted in Agriculture, Construction & Engineering, Industry & Trade0 Comments

Asiacell Revenues Down 10%

Asiacell Revenues Down 10%

28 October 2014

By John Lee. In its results for the first nine months of 2014, Qatari telecom provider Ooredoo has reported that revenues at its Iraqi unit Asiacell are down 10 percent. The company gave the following update on operations in Iraq: "Asiacell continued to face the challenge of political and...

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Posted in Telecoms/Comms0 Comments

China’s First Diplomat Posted to Kurdistan

China’s First Diplomat Posted to Kurdistan

28 October 2014

Chinese Consul General Tan Banglin this week visited the KRG Department of Foreign Relations to present his credentials as his country’s first diplomat posted to Kurdistan, and to discuss areas of cooperation between both sides. Minister Falah Mustafa warmly welcomed Consul General Banglin and...

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