Hungarian oil and gas group MOL has made a discovery in Akri-Bijeel Block in Kurdistan Region of Iraq. The testing results are promising, it said in a statement on 10 March, Portfolio Hungary reported. According to the official announcement: “Gulf Keystone is pleased to announce that Kalegran Ltd., a 100% subsidiary of MOL Hungarian Oil […]
What I see as a good sign emerging from the latest elections is the fact that Iraqis are seriously thinking of national interests. This is what counts regardless of who wins.
The BBC reports that partial results are now in from all 18 provinces, and Nouri al-Maliki has strengthened his lead over main rival Iyad Allawi. His State of Law coalition is leading in seven provinces, including Baghdad and Basra. Baghdad is the largest constituency, with 70 seats from the total of 325. The Iraqi National […]
The current infrastructure and the services sectors are unable to respond to the immediate requirements of lifting production to circa 12 million barrels of oil a day and the systematic dismantling of the private sector leaves no prospect of increasing capacity quickly.
Basra will get huge funds from oil revenues and will rely on major industrial countries to develop its infrastructure.
L-3 Communications has received two contracts for work in Iraq, worth a total of $255.7 million.
Twenty-three centers have been opened in Karbala to combat illiteracy, the province’s governor said on Sunday. “This has been done in cooperation with the education department in Karbala”, Eng. Amal al-Din al-Hir told Aswat al-Iraq news agency. A total of 600 people, including 200 women, aged between 15 and 55 years, will enroll at those […]
The Minister for Transport Amer Abdul-Jabbar Ismail received the Dutch ambassador to Iraq, Peter van Levin, on Sunday. During the meeting, the two reviewed ways of developing cooperation between the two countries. According to a statement issued by the Ministry of Transport, the Minister called for Dutch companies to invest in the transport sector in […]
The Iraqi Ministry of Water Resources on Sunday said it has begun reclamation works along the Euphrates River in Anbar. “Technical teams and engineers from the State Authority for Irrigation and Reclamation Projects are currently doing reclamation works on a total area of 103,000 donums along the Euphrates River,” read the statement that was received […]
A discussion loop in Basra on Sunday showed that the province has the lowest unemployment rate throughout Iraq. “Unemployment is among the biggest challenges that face Iraqi economy,” a source insider to the loop told Aswat al-Iraq news agency. She said that unemployment negatively affects economic and social circumstances in Iraq. (Aswat Al Iraq)
Ayman Asfari, the chief executive officer whose oil and gas engineering skills guided a fourfold increase in the value of Petrofac Plc within five years, is now preparing to tap Iraq’s energy boom.
‘You could be looking at 1.5 million barrels in two years,’ said a senior executive at one of the oil firms involved in Iraq. ‘That could make a huge difference to the supply and demand balance. Is there going to be that kind of demand pick up in that timeframe?’