Norwegian oil and gas producer DNO International (DNO.OL) gave no guidance as to when it expects to restart oil exports from Iraq when it published first-quarter results that beat forecasts on Tuesday.
The monthly report from the Organization of the Petroleum Exporting Countries, which pumps more than one in every three barrels of oil, said demand would rise by 950,000 barrels per day (bpd) in 2010, 50,000 bpd higher than previously forecast.
Iraq Minister of Transportation Amer Abdul Jabbar Ismail said that the rentals of the ports and naval agencies and the incomes thereof from 10 to 50% in the light of the achievements in Iraqi ports.
Iraq Ministry of Water Resources said that it has a plan to establish more than 30 dams in Iraq in order to irrigate agricultural land and to provide drinking water for the habitation regions and stressed that these projects will be implemented in the upcoming years because they cost a lot.
The plan will target five key areas: ensuring inclusive economic growth; environmental management; promoting good governance and protecting human rights; boosting access to basic services for all; and stepping up investment in women, youth and children.
Iraq Minister of Transportation Amer Abdul Jabbar Ismail said that the rentals of the ports and naval agencies and the incomes thereof increased from 10 to 50% in the light of the achievements in Iraqi ports due to the inauguration of the first project directed by a French company for a container berth and number […]
Dubai-based logistics company Anham said the US Government directed it to resume work on the implementation and to ramp up food and non-food distribution and support services in Kuwait and Iraq. “We are, and have been, fully prepared to work as prime vendor immediately,” said David Braus, Managing Director for Anham. “Complemented by strong and […]
Arbil governor discussed on Tuesday with an Iranian delegation. “A delegation from the Iranian embassy visited Arbil on Tuesday and discussed ways of cooperating in investment and commercial operations between the two countries as well as the development of Arbil,” Nouzad Hadi told Aswat al-Iraq news agency. “We will facilitate the work of all companies […]
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $168.878 million in its daily auction on Tuesday, compared to $176.080 in the previous session. “The demand hit $8.870 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $160.008 million in foreign transfers outside the country, covered […]
The Gulf Bank will hold a symposium on Wednesday (May 12) to discuss legal challenges that will face digital banking systems. “The symposium will show that there are needs to legislate new regulations to meet the digital developments in the banking systems,” a source from the bank told Aswat al-Iraq news agency on Tuesday. He […]
Norwegian oil and gas producer DNO International (DNO.OL) gave no guidance as to when it expects to restart oil exports from Iraq when it published first-quarter results that beat forecasts on Tuesday. “The process is moving ahead but we have no information about when things will happen,” Managing Director Helge Eide told a news conference. […]
An official source with the Oil Ministry said the ministry is currently developing several oilfields shared with neighboring countries including the oilfield, “Badra” with the Iranians.