“Iraq is reviewing the offer, submitted by a group of French companies, which would develop the transportation sector in Iraq, by allowing the investment companies to develop their work in this respect,” the source added.
Author Archive | GavinJones
In June 2010 Iraq Oil Report had two stories about locals in southern Iraq who opposed the government’s new oil deals.
Italy’s government and energy company ENI said on Friday they are setting aside a total of one million Euros (1.2 million dollars) to finance sports development projects in Iraq.
“If we compare the rate of development of Iran’s joint oil fields with other Persian Gulf regional states, we see that from 1977 onwards, very little progress has been made in Iran’s part of the joint oil fields,” Katouzian told the Mehr News Agency on Friday.
A total of Eighteen German and Dutch oil companies will participate in an oil conference in Arbil on Tuesday – “The Netherlands government organizes this conference along with Shell, 14 Dutch oil companies and three German companies,”
Vast Exploration provided the following progress update on the Qara Dagh – 1 Exploration Well, Qara Dagh Block, in the Kurdistan Region of Iraq.
Rafidain Bank statement mentioned that the official memo signed by Al-Yassery said: Basing on the work necessities and getting the approved agreements, it is decided to start working with the bank; all Iraqi official and private banks have the right to deal with Werkaa too.
Iraq relies almost solely on oil revenues for its hard currency earnings, but latest gyrations in oil prices are said to have added to budget strains. “We are looking forward to obtaining more loans … mainly from donor countries,” Naib said.
Al-Mansur state company, a company of industry and materials ministry, finished installing and operating factory of collecting Italian originated solar power panels.
“Specialized companies will only be allowed to execute such projects,” a source from the council told Aswat al-Iraq news agency on Monday.
“The revenues during the first four months of 2010 were around $223.3 million,” Ahmed al-Silaiti, deputy head of the Basra Provincial Council, told Aswat al-Iraq news agency on Saturday.
“We will cover the budget with the difference in oil prices,” Zubaidi said. The Iraqi budget is based on oil prices at $62.5 per barrel, and in agreements already made “we sold at $74,” he said.