Search results for "basra"

Weekly Security Update for 25th July 2012

By Gary Sandiford, Olive Group’s Dubai based assessments manager.  Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003.   Overview Olive Group Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a […]

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Scania Takes Majority Stake in Iraqi Distributor

Truck maker Scania has acquired a majority stake in its Iraqi distribution company. Through this investment, Scania is building further on its strong brand in Iraq. In the early 1980s, Iraq was one of Scania’s largest markets. Since 1961, 35,000 vehicles have been delivered. Combined with significant imports of used vehicles in recent years, approximately […]

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Weekly Security Update for 19th July 2012

By Gary Sandiford, Olive Group‘s Dubai-based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a minority sub-set […]

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New Iraqi Oil Prices for August

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 August. 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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Splitting Iraq: How Likely is an Independent Kurdistan?

By Shwan Zulal. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The disputes between Baghdad and Iraqi Kurdistan have led some local politicians to call for the semi-autonomous region to secede from Iraq and become its own […]

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Temperatures Soar, and Power Stations Hum

Temperatures are soaring to 45 degrees Celcius (113 degrees F) in Baghdad, and 50 degrees (122 degrees F) in Basra; nothing unusual about that at this time of year. What is unusual is the increased availability of electricity to cope with the demands of air-conditioners to deal with the problem. The Ministry of Electricity says […]

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Weekly Security Update for 11th July 2012

By Gary Sandiford, Olive Group‘s Dubai-based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a minority sub-set […]

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Iraq’s Oil Revenues Down 17.6% in June

Iraq’s oil revenues dropped by 17.6 percent from May to June due to plummeting prices in the international market and the diversion of some production to meet domestic needs. Oil Ministry spokesman Assem Jihad said Iraq earned $6.453 billion from 72,090 million barrels exported in June at an average price of $90 per barrel, compared […]

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Weekly Security Update for 4th July 2012

By Gary Sandiford, Olive Group‘s Dubai-based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics is a degree activity […]

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Iraq to Raise Gulf Crude Exports by 14% in 1H-July

Bloomberg reports that Iraq will increase its daily exports of Basrah Light crude from the Persian Gulf by 14 percent in the first half of July, compared with shipments in the previous two weeks. Eighteen cargoes are scheduled to be shipped from the al-Basrah Oil Terminal (pictured), unchanged from the second half of this month, […]

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