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Basra Oil and Gas Conference & Exhibition

Basra International Fair Ground 25 – 28 November 2010 Iraq is opening its doors. International Basra Oil and Gas Conference & Exhibition will take its place as the first and foremost gas and oil exhibition of the region. Events will have support from Iraq Government. Exploring Iraq’s true natural resources, modernizing its oil and gas […]

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Basra Governor Discusses Investment Opportunities with S. Korean Delegation

Basra’s Governor, Shaltagh Abboud al-Mayyah, discussed the investment opportunities available in the province with a delegation representing the South Korean companies, according to a press release from the province’s information office on Thursday. “Governor Shaltagh received a South Korean delegation comprising the country’s Ambassador to Baghdad and representatives of investment firms, for talks on means […]

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North Oil Company Requests Kurdish Villagers to Move Out

On the pretext of drilling for oil, the North Oil Company (NOC) requires some Kurdish villagers around Kirkuk’s Dubiz township to vacate their homes, and the First Deputy of the township suspects  political intent behind the request, according to a report from AK News. The NOC has submitted a letter to Dubiz police to vacate […]

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Managing Expectations in Iraq’s Post-Conflict Climate

By Tariq Abdell, Founder & Chairman, Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi oil ministry held a two-day oil conference in Baghdad to discuss and tackle international oil companies’ concerns about their current operations, chiefly: corruption, bureaucracy, and […]

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Appraisal Wells Planned for Garraf

Malaysia’s Petronas and Japan Petroleum Exploration (Japex) are planning to award a deal shortly to drill several wells at Iraq’s untapped Garraf [Gharraf] oil field in southern Iraq, a company executive said. The  consortium is planning to drill two appraisal wells at Garraf, in Dhi Qar province, starting in November, he said. “We have issued […]

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Maysan Receives $42m from Oil

Maysan will receive 50 billion Iraqi dinars [$42m], having been allocated one dollar for every barrel of oil produced from its fields, according to chairman of the Maysan Council. “After the Iraqi government’s approval to allocate one dollar for every oil barrel produced in the oil-producing provinces, Missan will receive 50 billion dinars this year,” […]

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Kurdish Crude Oil Still Smuggled to Iran

Despite a pledge by Iraqi Kurdistan to crack down on the flow of fuel being smuggled to Iran, the only real impediment truck drivers say they face are long lines that force them to wait for days to cross, according to a report from Reuters. Perhaps around 100 tanker trucks corralled into groups of 10 […]

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Arabs Are Top Investors in Kurdistan

Investors from Arab countries have led other foreign investors in the Kurdistan Region in the last two years with nearly $2.7 billion (3.2 trillion Iraqi dinars) of investment in various sectors of the Region’s economy, a senior official of the Kurdistan Investment Board (KIB) told AKnews. “Four Arab countries — Kuwait, Lebanon, Egypt and Jordan […]

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New Patent Center for University Students

The Ministry of Higher Education and Scientific Research has opened a centre for students who have been awarded patents, according to the head of the ministry’s media department. “An innovation and excellence center for University students was opened in Baghdad and it caters to the outstanding and creative students that won patents and awards,” Siham […]

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Damac’s $15bn Project in Erbil Cancelled

A 55 billion U.A.E. dirham ($15 billion) property development that was to have been built in Iraqi Kurdistan by Dubai-based developer Damac Properties has been cancelled, reports Abu Dhabi-based newspaper The National on Thursday. The Tarin Hills project was to be a mixed-use development including luxury villas, two five-star hotels, a theme park, golf course, […]

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Maliki Urges Iranian Companies to Invest in Iraq

Iraqi Prime Minister Nouri al-Maliki called on Iranian companies to contribute in the reconstruction operations in Iraq, according to a statement of his office. “This came during al-Maliki’s meeting with Iranian Ambassador to Baghdad, Hussein Qomi [Hassan Kazemi Qomi] , at the end of his term in the country,” said the statement received by Aswat […]

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Australian Ambassador, Najaf Governor Discuss Investment Cooperation

The Australian Ambassador to Baghdad, Robert Tyson, paid a visit to Najaf to foster economic, cultural and scientific relations, Najaf’s governor said this week. Adnan al-Zarfi said he received the Australian ambassador on Wednesday (July 21), with whom he dicussed ways of boosting economic, scientific and cultural relations between the local government in Najaf and […]

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