An Iraqi economic expert said on Thursday that the Iraqi government should embark on a privatization program to improve the state of industry in the country. Fadhel Al-Moussawi told AKnews, "The Iraqi government has not been successful in improving the country's industrial conditions in the past several years due to the reluctance and lack of […]
Archive | 2010
Tags: economics, privatisation
Designs Completed for Airport in Maysan
A group of Swiss and Russian firms have completed the designs of a civil airport in Amara city, Maysan province, according to a report in Aswat al-Iraq. “The airport will be like others constructed by the group in Kazakhstan, Brazil, and Libya,” a source from the group told Aswat al-Iraq news agency on Thursday. He […]
New Problem on Ceyhan Pipeline - Oil Flow Reduced
Iraq’s crude oil exports through Turkey “suddenly” dropped by about 20 percent due to a technical fault on the Iraqi side of the border, according to an official for the state-run North Oil Co, as reported by Bloomberg. “The flow suddenly dropped from the usual level of 600,000 barrels a day to between 400,000 and […]
Oil Pipeline Re-Opened from Nasiriya to Kut
The oil pipeline from the south oil reservoirs in Nasiriya to the reservoir at Kut has been re-opened, according to a report from the National Iraqi News Agency. Head of Wassit Provincial Council, Mahmoud Abdul-Ridha Talal, told (NINA): "The re-operation of the oil pipeline carrying oil between the two provinces will solve the serious and […]
Gulf Keystone Directors Sell Shares
Gulf Keystone Petroleum Limited (AIM: GKP) has announced that it received notification that on 23 September 2010 Lord Peter Truscott, a non-executive director of the Company, and his wife sold 33,000 common shares at an average price of £1.44 per share. Following this sale Lord and Lady Truscott are interested in 500,333 common shares representing […]
Tags: Gulf Keystone
Air Berlin to Start Regular Services to Erbil, Sulaymaniyah
From 6th November 2010 airberlin will be operating one non-stop flight each week from Düsseldorf to Erbil in Northern Iraq. In addition the airline will also be offering fortnightly flights from Düsseldorf to Sulaymaniyah. Many of the seats have already been booked by a tour operator. The flights to Iraq are now available for booking […]
Weekly Security Update for 23rd September 2010
National Overview The national total number of officially reported hostile incidents dropped drastically from 140 to 75 this week – the lowest number of incidents recorded in a week this year. The Eid Festival which saw heightened security measures in parts of the country seems to have been the main factor in the reduction of […]
Business Deals Despite Political Delays
It was reassuring to read the comments this week from BP's Iraq’s President, Michael Townshend, in which he confirmed that the delays in forming a government are not causing problems for the development of the giant Rumaila oilfield. This is good, and despite the refusal of Iraq's politicians to resolve the political impasse, we have […]
$10 Billion to be Spent on Oilfield Water Injection
An Iraqi government spokesman said on Tuesday that the water injection project to help boost production from Iraq's southern oilfields is expected to exceed $10 billion. Reuters reports that Iraq's cabinet approved a plan on Tuesday to repay the cost of the scheme to the international oil companies that would need to initially fund the […]
Tags: water injection
Political Stalemate Not Delaying Rumaila - BP Boss
BP's boss in Iraq says the political impasse that has delayed the formation of Iraq's new government for more than six monthsit has had no effect on its work on Iraq's biggest oilfield. BP is moving ahead with developing the supergiant Rumaila oilfield and could award new contracts for work in the field later in […]
Momentum Logistics Opens New Office in Erbil
Momentum Logistics, the Sharjah-based third-party logistics (3PL) service provider and subsidiary of international port management company, Gulftainer, has officially opened its new office in Erbil. The new office will allow Momentum to react more efficiently to the daily needs of its clients. Erbil is the management centre of the Northern Iraq's oil industry, and Momentum […]
Tags: Gulftainer, Momentum Logistics
Iraq Govt Allows Kuwaitis to Recover Real Estate Seized by Saddam
Iraq has agreed to allow Kuwaitis who owned real estate in Iraq to recover property seized under Saddam Hussein's regime after the invasion of Kuwait 20 years ago, according to a report from Reuters. Kuwaitis can recover their Iraqi property provided there is no legal decision prohibiting it, Iraq’s government spokesman, Ali al-Dabbagh (pictured), said […]