Search results for "basra"

Iraq in 2011: Protests, Political Problems and Farewell to the US

Another year in Iraq, another slew of tragic suicide bombings and jarring political crises. On the other hand, locals welcomed what economic progress they saw as well as the chance to become masters of their own political destiny, post-US-withdrawal, according to this article from NIQASH. Any opinions expressed are those of the author, and do […]

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Investor Guides Assist Opportunity Seekers

In his joint press conference with Iraqi Prime Minister Nouri al-Maliki on December 12, 2011, President Barak Obama noted that “In the coming years, it’s estimated that Iraq’s economy will grow even faster than China’s or India’s.” Foreign and regional investors interested in Iraq’s economic potential, but uncertain about the country’s investment regulations, arbitration laws […]

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Vinsons, Cleary Advising Iraq on $17bn Gas Deal

Vinson & Elkins and Cleary Gottlieb Steen & Hamilton are advising Iraq’s oil ministry in a $17.2 billion deal with Royal Dutch Shell and Mitsubishi to develop the infrastructure required to process natural gas in the southern part of Iraq. The transaction agreements, which were signed on 27th November, came as Iraq attempts to rebuild its […]

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Bombs Hit Iraqi Oil Pipeline

According to various sources, either two or three bombs hit a crude oil pipeline in Iraq’s southern oilfields leading to storage tanks around Basra. The impact on oil production or exports was not immediately clear, but the deputy head of the Basra provincial council, Ahmed al-Sulaiti, said firefighters were still battling the fire late on […]

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Weekly Security Update for 13th December 2011

Levels of violence fell slightly in Iraq over the past week but conditions are still higher than most weeks in November. Incidents were concentrated in Baghdad, Mosul and Kirkuk, as well as southern Salah ad-Din province, western Diyala province and central Babil province. At least 35 separate bomb attacks left over 60 people dead and […]

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New Iraqi Oil Prices for January

Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for January. 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 (ASCI); Shipments to […]

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Deterioration Ahead of the Pullout

Many are concerned that conditions could worsen in Iraq once the US military has withdrawn its forces from the country. Troops are required to leave by the end of the year and the pullout is already well underway. Hundreds of transport vehicles are currently snaking their way south towards the Kuwaiti border. Most of the […]

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Weekly Security Update for 7th December 2011

As the US military withdrawal continues, many are worried at the possibility of increased militancy over the coming year in Iraq. Levels of violence rose over the past week with the highest number of casualties recorded in six months. As warned, terrorists targeted Shi’ah worshippers gathering to commemorate Ashura, with a number of attacks in […]

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