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.
DNO, Exxon, Genel Energy, Gulf Keystone, Longford, WesternZagros
- 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.
- 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.
- 19 January – Parliament to reconvene, Iraqi budget on docket
- Next month – Reconciliation meeting
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