China's CNPC and its partners Total and Petronas have invited oil service companies to bid for the redevelopment of 10 oil wells in the 4.1 billion-barrel Halfaya oilfield. Bidders are invited to provide acid stimulation services on 10 wells within a one-year period to maximize the inflow area of the wellbore in oil and gas […]
The Iraqi government has formed a committee to discuss its numerous disputes with the Kurdistan Regional Government (KRG), AKnews reports. Salam Yaseen, an economic adviser to the Iraqi government, told AKnews that the committee will discuss a range of issues with the Kurds including the oil and gas exports by the KRG that recently caused […]
A delegation from the South Korean STX company met officials from the State Company for Iraqi Ports on Wednesday to discus ways of boosting cooperation in the ship-building field, according to a report from Aswat al-Iraq. “The meeting ended with the agreement to send a delegation from the Iraqi company to Korea to benefit from […]
On the occasion of International Literacy Day, UNESCO calls on national institutions and civil society to join forces to promote literacy for all as a tool for inclusive and sustainable development in Iraq. “I take this occasion to call upon governments, international organizations, civil society and the private sector to scale up their support to […]
Conference on bridging the research gap The Kurdistan Regional Government (KRG) Ministry of Higher Education and Scientific Research will hold an international conference on revitalising scientific research, from 14 to 16 December in Erbil, capital of the Kurdistan Region. The goal of this conference is to connect university departments and individual scientists with their counterparts […]
AKnews quotes a media source in Najaf, 160km southwest of Baghdad, as saying that the municipality will set regulations for notification when public property is put up for sale, rent, or auction. A recent report from the Services Commission highlighted a lack of public notification when state property comes up for sale or rental which […]
National Overview The total number of officially reported hostile incidents nationally was 126 last week, consistent with the number of incidents recorded during the last reporting period. The number of incidents in the west rose by a quarter this week and incidents in Baghdad also rose significantly. The south east saw a very minor rise […]
By Tariq Abdell, Founder & Chairman, Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The end of U.S. combat operations in Iraq presents a unique opportunity for a new beginning in U.S.- Iraq’s relationship. However, given Iraq’s crippling challenges and U.S. […]
Iraq's South Oil Company, working with the IOCs, has set quarterly production targets for the country's southern oilfields for 2011, according to documents obtained by Reuters. Production is targeted reach an average of nearly 2.3m bpd by Q4 2011. Oilfields Q1 Q2 Q3 Q4 Rumaila 1,175,000 1,201,000 1,226,000 1,250,000 West Qurna 1 260,000 270,000 285,000 […]
South African President Jacob Zuma said there are no legal means to prosecute traders for paying bribes to win Iraqi oil contracts under the United Nations’ oil- for-food program that operated before 2003, according to a report from Bloomberg. Zuma closed an investigation into trader Sandile Majali, citing loopholes in local laws. Majali was named […]
Iraqi Oil Minister Hussain al-Shahristani sees no reason for OPEC to reconsider its current production levels at its next meeting, due to be held in Vienna on 14th October. According to report from Reuters, he sees no big demand for crude and says current production levels should be maintained, but OPEC should hold an extraordinary […]
The US general charged with the military's reconstruction efforts in the Middle East said on Tuesday that Iraq will need at least another three years before it is able to satisfy current electricity demand, but this demand continues to rise as Iraqis purchase more consumer goods for their homes such as refrigerators and air conditioners. […]
