Dunia Weekly Iraq Market Tracker

Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a proxy Iraq play as much as practicable. It also identifies and analyzes the primary political and security events that occur in country that have market-moving implications.
 

Companies Mentioned:

DNO, Exxon, Genel Energy, Gulf Keystone, Longford, WesternZagros

Action Calls:

  • As Maliki consolidates power, all eyes turn to Kurds: As we expected, Iraq’s future will be decided along Baghdad-Erbil axis.
  • Gulf Keystone shares spike on PSC back-in rights: Not new news, unless someone actually knows specifics of a bid for GKP. But big win won’t occur until Erbil-Baghdad is resolved.
  • Genel boosts stake to 80%, becomes operator of Chia Surkh PSC: Genel, in not unexpected move, continues as consolidator in Kurdistan.

Headlines:

  • Source: Kurds moving towards state in March: Persistent rumors, but at this point file under “negotiations positioning.”
  • Sonangol attacked in Ninewa: Most likely criminal attack, designed to extract money or concessions, not broader activity.

Calendar:

  • 19 January – Parliament to reconvene, Iraqi budget on docket
  • Next month – Reconciliation meeting

Please click here to access the report, or to add your email address to Dunia’s mailing list.

 
 

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