Search results for "basra"

Shell Signs $11bn Petrochemical Deal

By John Lee. Shell has reportedly signed a deal with Iraq worth $11 billion (12.8 trillion Iraqi dinars) to build a petrochemicals plant in Basra. On Wednesday, Industry Minister Nasser al-Esawi [Nasser al-Issawi] told a press conference that the Nibras complex would make Iraq the largest petrochemical producer in the Middle East. The news comes […]

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New Forum on Peaceful Coexistence and Reconciliation

Subsequent to the roundtable discussions on social cohesion amongst Iraq’s social and political actors that were held in Baghdad on 26 and 27 November 2014 and following-up on their recommendations, the Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr.Nickolay Mladenov, on Sunday chaired in Kerbala the first of a series of roundtable […]

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Baroness Nicholson meets with Iraqi PM

Baroness Emma Nicholson of Winterbourne, UK Trade Envoy for Iraq and Iraq Britain Business Council’s (IBBC) Chairman, met Iraq’s new Prime Minister, Mr Haider al-Abadi, for wide-ranging talks during his visit to London this week. Mr al-Abadi was attending the Lancaster House coalition conference on the situation with Da’esh (Islamic State) but was keen to […]

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Weekly Security Update, 13 – 19 January 2015

National Overview The establishment of new Sinjar governing institutions revives KRG-PKK rivalry as Peshmerga operations continue to resist ISIS attacks in the Gwer-Mosul corridor. Formed on Wednesday 14 January following the nomination of local residents of the Sinjar (also known as Shingal) and surrounding regions, the Yezidi administrative council has evoked a mixed response from […]

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Iranian Oil Passed Off as Iraqi

By John Lee. Reuters reports that a shipping insurer has warned that Iranian oil is being disguised as Iraqi, in an attempt to flout sanctions on Tehran. Insurer West of England said that Iranian crude labelled as Iraqi crude from Basra was being transferred ship-to-ship (STS) by smugglers at the Khor Fakkan port in the […]

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Iraq Plans Record Oil Exports

By John Lee. Reuters reports that the State Oil Marketing Organization (SOMO) is planning to export 3.3 million bpd of Basra crude from its southern ports in February. December’s total figure hit 2.94 million bpd, the highest since 1980, of which a record 2.76 million bpd of oil was exported from the country’s southern terminals. (Source: […]

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Weekly Security Update, 06 – 12 January 2015

National Overview International support for Iraq’s counter-ISIS offensive saw a further rally in the wake of last week’s terrorist attacks in Paris, with EU nations Sweden and Finland joining regional allies in preparing to send direct military training and assistance to Iraq’s fragile national armed forces. Coming shortly after PM Abadi announced that it could […]

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Iraq Reviews Oil Prices

By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for February. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index […]

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Weekly Security Update, 30 December 2014 – 05 January 2015

National Overview One year on from the start of the militant uprising in Anbar province, Iraq’s fractured regions remain on sharply different political trajectories. In the Sunni heartlands of Ramadi and Fallujah where an initial protest by local tribesmen forced the withdrawal of the Iraqi security forces in December 2014, ISIS units launched a major […]

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New Oil Discovery at Block 9

Kuwait Energy has announced that the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at ‘Block 9‘, Iraq. The successful discovery was at the consortium’s second target, the Yamama formation at 4,000 meters, in its Block 9 exploration well, ‘Faihaa-1’, located in Northern Basra, Iraq. […]

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