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Sabre Partners With Kanoo to launch Iraq’s First GDS

Bahrain-headquartered Sabre Travel Network Middle East (STNME), the world’s leading provider of high performance travel solutions, is expanding its presence in the Middle East by partnering with Kanoo Travel to become the first Global Distribution System (GDS) operating within Iraq. Kanoo Travel, presently the largest travel agency group within the Middle East and one of […]

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Oil Flow to Ceyhan Resumes

Following our report of a guerrilla attack halting the transport of oil through the Kirkuk-Ceyhan pipeline, news agencies report the resumption of oil flow to the port through the second pipeline. Oil flow was restored to 350,000-400,000 barrels per day, the same rate as before the bombing, said an official with Iraq’s North Oil Company […]

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Iran Opens Trade Center in Kurdistan

An Iranian trade center was opened on Wednesday in the Kurdistan Region’s second largest city of Sulaimaniya, with Iran’s assistant trade minister and local officials in attendance, according to AKnews. It is the second  Iranian trade center in Kurdistan and it includes wholesale and retail sections for agricultural, technology, housing, and food products. Around 45 […]

Iran Envoy Vows Close Economic Ties with Iraq

Iran’s new ambassador to Iraq said that trade between the one-time rivals will double in the near future, even as his country is under stringent international sanctions over its nuclear program, according to a report from BusinessWeek. The prediction by Hassan Dannaie Fir reflects the strengthening of relations between the two Shiite-led neighbors who fought […]

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ShaMaran Announces Amendment to Pulkhana and Arbat PSC

ShaMaran Petroleum Corp. (TSX VENTURE:SNM) has announced that the Company has entered into an agreement with the Kurdistan Regional Government of Iraq (“KRG”) to amend the Pulkhana Block 10 and the Arbat Block Production Sharing Agreements (“PSC”). The amendments relieve the Company of its contractual requirement to allot 150 million common shares of ShaMaran for the […]

Baker Hughes and Iraqi South Oil Company Sign Strategic Alliance

Baker Hughes (NYSE: BHI) announced it has signed a three-year strategic alliance with Iraq’s South Oil Company (SOC) to provide technical services to SOC’s wireline logging department in Burj Esya, Basra south Iraq. Under the terms of the technical services agreement (TSA), Baker Hughes will supply wireline technologies to SOC and other Iraqi oil and […]

WesternZagros 2Q Results

WesternZagros Resources Ltd. (TSX VENTURE:WZR) (“WesternZagros” or “the Company”) provides its results for the period ended June 30, 2010, key highlights, and activities to date. During the second quarter, the Company continued to drill the Kurdamir-1 well sidetrack. At a depth of 3,214 metres the well encountered high-pressure sour gas which resulted in well control […]

If You’re Not In, You Can’t Win

Iraq is starting the holy fasting month of Ramadan in blistering summer heat: up to 49 C (120 F) in places! It has been a hot week for oil news too: The Korea National Oil Corp (KNOC) hits oil in the Bazian and Sangaw North blocks in Kurdistan; Dana Gas has increased gas its production […]

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Dana Gas Iraq Output Nearly Doubles

Dana Gas PJSC, the Middle East’s largest regional, private sector, natural gas company, has announced its financial results for the quarter ended 30th June 2010. Revenue from the sale of hydrocarbons increased to AED 428 million, with gross profit reaching AED 179 million. These figures represent increases of 41% and 84% respectively, compared to the […]

Bomb Closes Kirkuk-Ceyhan Oil Pipeline

A bomb attack stopped the export of oil through the Kirkuk-Ceyhan pipeline on Tuesday, and killed two people and wounded a third after their vehicles caught fire on a road that runs alongside the link. Reuters, citing a spokeswoman for Botas, Turkey’s state-run pipeline operator, reported on Wednesday evening that “the fire continues, and the […]

Major Iraq Oil Conference in Istanbul

2009 was a momentous year for Iraq’s oil and gas sector, for the first time in more than three decades, two bidding rounds took place.  What was on offer?  Development of just some of the countries prized oil and gas fields. In a country where investment from the world’s IOCs is vital to its development […]