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Oil Storage Contract Awarded to CPP Versar Wins $10.7m Iraq Contract ShaMaran Petroleum Drilling Update Stock Exchange to Close for Eid
 
Oil Storage Contract Awarded to CPP

Oil Storage Contract Awarded to CPP

By Patrick M Schmidt. The Ministry of Oil has approved a contract worth $607 million (708 billion Iraqi dinar) with China Petroleum Pipeline (CPP). The company will now be able to begin construction on an oil storage facility to accommodate future development projects at the Nassiriya oilfield. The field currently produces 40,000 barrels of oil […]

Versar Wins $10.7m Iraq Contract

Versar Wins $10.7m Iraq Contract

Versar Inc. has announced that it was awarded an Iraq Personal Services II contract from the U.S. Army Corps of Engineers (USACE), with a maximum contract value of $10.69 million (12.5 billion Iraqi dinars). The firm fixed price IDIQ contract is a single award with a three-year period of performance consisting of a base year […]

ShaMaran Petroleum Drilling Update

ShaMaran Petroleum Drilling Update

ShaMaran Petroleum has provided an operational update on the Atrush development in the Kurdistan Region of Iraq. The Chiya Khere (“CK-5″) development well was spudded on May 16, 2014 using the DQE31 drilling rig and reached Total Depth of 2098 metres Measured Depth (1744 metres True Vertical Depth) in the Butmah formation on June 28, […]

Stock Exchange to Close for Eid

Stock Exchange to Close for Eid

By John Lee. The Iraq Stock Exchange (ISE) has announced that Thursday, 24th July, is the last trading session before the Eid al-Fitr holiday. The first trading session after returning from the Eid holiday will be on Sunday, 3rd August. (Source: )

Oil Storage Contract Awarded to CPP

Oil Storage Contract Awarded to CPP

23 July 2014

By Patrick M Schmidt. The Ministry of Oil has approved a contract worth $607 million (708 billion Iraqi dinar) with China Petroleum Pipeline (CPP). The company will now be able to begin construction on an oil storage facility to accommodate future development projects at the Nassiriya...

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Posted in Construction & Engineering, Oil & Gas0 Comments

Versar Wins $10.7m Iraq Contract

Versar Wins $10.7m Iraq Contract

23 July 2014

Versar Inc. has announced that it was awarded an Iraq Personal Services II contract from the U.S. Army Corps of Engineers (USACE), with a maximum contract value of $10.69 million (12.5 billion Iraqi dinars). The firm fixed price IDIQ contract is a single award with a three-year period of...

Read the full story

Posted in Construction & Engineering, Security0 Comments

ShaMaran Petroleum Drilling Update

ShaMaran Petroleum Drilling Update

23 July 2014

ShaMaran Petroleum has provided an operational update on the Atrush development in the Kurdistan Region of Iraq. The Chiya Khere ("CK-5") development well was spudded on May 16, 2014 using the DQE31 drilling rig and reached Total Depth of 2098 metres Measured Depth (1744 metres True Vertical...

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Posted in Oil & Gas0 Comments

Stock Exchange to Close for Eid

Stock Exchange to Close for Eid

23 July 2014

By John Lee. The Iraq Stock Exchange (ISE) has announced that Thursday, 24th July, is the last trading session before the Eid al-Fitr holiday. The first trading session after returning from the Eid holiday will be on Sunday, 3rd August. (Source:...

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Posted in Banking & Finance, Investment0 Comments

For the First Time, a Large Field of Presidential Candidates

For the First Time, a Large Field of Presidential Candidates

23 July 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. Following...

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Posted in Politics0 Comments

CBI Currency Auction Results, 23rd July

CBI Currency Auction Results, 23rd July

23 July 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Monday. A total of $237,207,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Posted in Banking & Finance0 Comments

Weekly Security Update, 15 – 21July 2014

Weekly Security Update, 15 – 21July 2014

23 July 2014

By Anne-Laure Barbosa at Constellis Consulting Violence across Iraq’s northern and central provinces remained at a similar intensity to the previous reporting period and only Kirkuk experienced a significant increase in the number of attacks. Fatalities fell, but 318 people were killed and...

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Posted in Security, Weekly Security Update0 Comments

Resumption of Cargo Flights to Kurdistan

Resumption of Cargo Flights to Kurdistan

22 July 2014

By Patrick M Schmidt. International cargo flights to Kurdistan were set to resume today (Tuesday) following an announcement by the central government this month in reaction to the KRGs move for independence. The resumption of flights will impact a number of Turkish, Qatari, and Emirati...

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Posted in Industry & Trade, Transportation0 Comments

Drones to Protect Iraqi Oil Infrastructure

Drones to Protect Iraqi Oil Infrastructure

22 July 2014

By Patrick M Schmidt. During a tour of Rumaila oil field, the Iraqi Minister of Oil, Abdul Kareem al-Luaibi [Elaibi] , announced that two unmanned drones would begin flying over the vital oil infrastructure in the south of Iraq. His announcement marks the first time that drones have been used...

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Posted in Oil & Gas, Security0 Comments

Sterling Global uses Micro MineWolf in Kurdistan

Sterling Global uses Micro MineWolf in Kurdistan

22 July 2014

Sterling Global Operations puts first Micro MineWolf tracked armored vehicle into use in Kurdistan Sterling Global Operations (SGO) is operating the first Micro MineWolf (MW50) anti-mine armored tracked vehicle – designed for use in mountainous and other hard-to-access locations – in Kurdistan...

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Posted in Oil & Gas, Security0 Comments

Iraqi Crisis Highlights Need for Dialogue

Iraqi Crisis Highlights Need for Dialogue

22 July 2014

By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After 10 years of difficulty in managing political and security crises, Iraq is in need of a new vision for the concept of political dialogue....

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Posted in Security0 Comments

Najaf, Qom take Different Approaches in Iraq

Najaf, Qom take Different Approaches in Iraq

22 July 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. Najaf and Qom have taken two different approaches in dealing with general political affairs in Shiite communities since the introduction of the idea of...

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Posted in Security0 Comments

HRW: ISIS Abducting, Killing, Expelling Minorities

HRW: ISIS Abducting, Killing, Expelling Minorities

22 July 2014

The Islamic State of Iraq and Sham (ISIS) is killing, kidnapping, and threatening religious and ethnic minorities in and around the northern Iraqi city of Mosul. Since capturing Mosul on June 10, 2014, the armed Sunni extremist group has seized at least 200 Turkmen, Shabaks, and Yazidis, killed at...

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Posted in Security0 Comments

KRG Oil “to Restart in Coming Days”

KRG Oil “to Restart in Coming Days”

21 July 2014

By John Lee. Turkish officials have announced that the flow of crude oil to the port of Ceyhan (pictured) will be resumed in the coming days, after oil tankers at the port are loaded. The flow was stopped last week when the port reached its storage capacity. According to Daily Sabah, the total...

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Posted in Oil & Gas0 Comments

General Dynamics Wins $65m Iraq Order

General Dynamics Wins $65m Iraq Order

21 July 2014

By John Lee. General Dynamics Land Systems has been awarded a $65-million (76-billion Iraqi dinars) modification to its foreign military sales contract for specialized training, contractor logistics support, and base life support for the Iraq M1A1 Abrams program. Funding and work location will...

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Posted in Security0 Comments

Suaad Allami, a Vital Voice of Leadership for Iraq

Suaad Allami, a Vital Voice of Leadership for Iraq

21 July 2014

By Madeleine White, Managing Editor of NINA. Suaad Allami, a Vital Voice of Leadership for Iraq and an Inspiration for Women Everywhere It is interesting when you interview people. Sometimes you get to meet them physically, sometimes you get to speak by skype or by phone, other times answers are...

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Posted in Madeleine White0 Comments

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