Turkish (ف Bank) intends to open a branch in Erbil, according to a senior official from the Department of international banks in the bank. The official said that the bank had started to establish a Division in Erbil, which is more secure than other areas, adding that after completion, they will consult the Iraqi Central […]
Archive | 2010
Shell Beats Estimates
Royal Dutch Shell Plc, Europe’s biggest oil company, posted a 57 percent increase in earnings after production climbed for the first time in more than three years following startups in Brazil and Russia. Net income in the first quarter rose to $5.48 billion from $3.49 billion a year earlier, The Hague-based Shell said in a […]
Skype Eyes Strong Growth In Mideast, Africa
Voice-over-internet phone provider Skype is eyeing strong growth in the Middle East, a region with a young population and rising internet penetration, the group's regional head said Tuesday. Rouzbeh Pasha, the regional head of the Luxembourg-based company for the Middle East and Africa said the group, which offers free internet phone calls, is to open […]
Tags: Internet, Telecoms/Comms
Annajaf Airport Reopens
Annajaf International Airport Administration said that the airport has resumed receiving Arab and International aircraft. In fact, the airport received two airplanes from Bahrain transporting dozens of passengers. The airport supervisor Sadek Al Labban said that the first airplane was from Gulf Airlines carrying 120 passengers and the second was from Bahrain Airlines with dozens […]
Tags: Airport, Transportation
US Team Expects Electricity Increase
A US construction team expected Iraq electricity production to increase to 22000 megawatt by 2014. Iraq currently needs 9500 megawatt, the same source said adding that by 2016 Iraq would be able to export electricity. ( Al SumariaTV )
Tags: Electricity In Iraq, Public Works
$25 Million Dam in Diala
The Water Resources Ministry signed on Tuesday a contract to set up al-Wand dam in Diala at a cost of 30 billion Iraqi dinars, according to an official statement. “Minister of Water Resources, Abdullatief Jamal Rashied, signed a contract on Tuesday (April 27) to set up al-Wand dam in Diala,” said the statement received by […]
5-year Development Plan Approved
The Council of Ministers on Tuesday approved the five-year development plan (2010-2014). “The council approved today (April 27) the five-year development plan after taking into consideration the proposed adjustments by some ministries,” official spokesman Ali al-Dabbagh told Aswat al-Iraq news agency. ( Aswat Al Iraq )
25% of Nasiriya Development Completed
Iraq says it has completed 25% of the plan to develop its Nasiriyah oil field. Nasariya’s development is carried out by the state-owned South Oil company. The field, which currently produces 10,000 barrels a day, is expected to increase output to 50,000 in 2011, according to the company’s Director-General Dhia Jaafar. The company has drilled […]
BP to Be Paid in Crude for Iraq Investment Costs
28 April 2010 - Bloomberg BP Plc will be paid in crude for its investment costs in an Iraqi contract that offers about the same rate of return as other projects worldwide, Chief Executive Officer Tony Hayward said. BP and China National Petroleum Corp. are spending about $15 billion in Rumaila, Iraq’s largest oil deposit, pledging […]
Pumping Oil Resumed from Kirkuk to Ceyhan
Iraq resumed exporting crude oil to turkey through Kirkuk-Ceyhan northern pipeline thru which passes one quarter of Iraq oil exports
Iraq Completes 25% of Nasiriya Oil Field Development Plan
Iraq says it has completed 25% of the plan to develop its Nasiriyah oil field.
Getting This Show on the Road
Nearly two months after the elections in Iraq, the outcome has become even more uncertain, as votes for several candidates with alleged ties to the Ba'ath Party were disqualified on Monday. Further disqualification decisions have reportedly been postponed until next week. In the meantime, Ayad Allawi, whose Iraqiya party has a two-seat lead over Nouri […]