Shares in ShaMaran Petroleum (TSX VENTURE:SNM) rose 8% today following an update on its Atrush-1 exploration well in Kurdistan. The well was spudded on October 5, 2010 and 9 5/8" intermediate pipe was set after logging the Jurassic section to the top of Kurrachine at a depth of approximately 2,230 metres. Drilling operations have progressed […]
In addition to proposing his new cabinet, Iraq's Prime Minister Nouri al-Maliki presented his government's new program to Parliament this week. The full text of Iraq's program for government is as follows: 1. Maintaining and commitment to Iraq's constitution completely, and that any subsequent modifications will be in accordance with Article 142 of the Constitution, […]
The Karbala Investment Commission has granted an investment license to an Iraqi company to build an industrial compound at a cost of $39 million, the chairman of the KIC said on Wednesday, according to a report from Aswat al-Iraq. “The KIC gave an investment license to an Iraqi company to implement a project to set […]
Iraq's Agriculture Minister has allocated 112 billion Iraqi Dinars (IQD) [over $95m] to purchase dates from the local growers. The deputy head of the ministry’s finance and management board told AKnews that the decision is to support and encourage the farmers and boost the agriculture sector. Each ton of first grade dates will be purchased […]
Following on from our listing on Monday of the main cabinet positions, we present a more complete line-up below, compiled from information sourced from Iraq Oil Report and Reuters. The official website of the Iraq cabinet has not published the official list, and has chosen instead to lead with an article about the importation of […]
Iraq’s Transportation Ministry said on Tuesday that Iraq has decided to sell all its aircraft parked at airports in Jordan, Tunisia and Iran by the former Ba'athist regime. “The Transportation Ministry has got the approval of the Council of Ministers to sell all its aircrafts, parked in Jordan, Tunisia and Iran, possessed by the Iraqi […]
Iraq's core annual inflation slipped to 3.1 percent in November from 3.2 percent in October and is likely to be at a similar level in December, a central bank official said on Tuesday. Reuters reports that Mudher Kasim, a senior adviser at the Central Bank of Iraq, said inflation was driven mainly by higher housing, […]
The following article was published on Tuesday by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here in full with the author's permission. The opinions expressed are those of the author, and do not necessarily reflect the views […]
DNO reports a working interest (WI) production of 9,883 bopd in November. The November net entitlement production was 6,355 bopd at an average realized oil price of USD 62 per barrel. As the local sales from the Tawke field recommenced in the beginning of December, the Company expects a WI production of around 20,000 bopd […]
Aswat al-Iraq reports that projects financed by a US$90 million credit line from the World Bank have been implemented in Iraq. The projects include the construction of several roads in southern Iraq’s Wassit and Najaf Provinces, construction and rehabilitation of 10 main roads and 4 bridges in western Iraq’s Babel and southern Iraq’s Muthanna provinces. […]
UNOPS, the United Nations agency assisting UN organizations, international financial institutions, governments and non-governmental organizations, in the areas of 'peacebuilding', humanitarian and development operations, has issued a tender to conduct a survey of micro-, small- and medium-sized businesses in Iraq. Proposals must be received by UNOPS on or before 30 December 2010, at 10.00am Amman, […]
The following article was published by STRATFOR Global Intelligence. It is reproduced here in full with their permission. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With Iraqi Prime Minister Nouri al-Maliki and al-Iraqiya List leader Iyad Allawi meeting in Baghdad Tuesday night, a […]
