“We will cover the budget with the difference in oil prices,” Zubaidi said. The Iraqi budget is based on oil prices at $62.5 per barrel, and in agreements already made “we sold at $74,” he said.
Higher Oil Prices Boost Iraqi Budget
Archive | 2010
Tags: Iraq Budget News
Chinese Fair in Najaf
More than 65 Chinese firms are participating in a fair in Najaf city.
Iraqi Mobile Market Sees Stronger Growth Rates in 2010
Info2cell.com, the leading mobile application content and service provider in the Middle East, has announced the successful launching of three new SMS-based services for its subscribers in Iraq - including a BBC Breaking News Channel and dedicated SMS services for men and women
Kurdistan Economic Conference in London on Tuesday
Prime Minister Salih will give the keynote speech at the Kurdistan Trade and Investment Conference in London, which takes place on June 15th and 16th June.
No Room for More Crude Oil in Markets
Crude oil markets have no room for additional supplies this year, the Organization of the Petroleum Exporting Countries (OPEC) said on 9 June, as it reported that its members had increased output last month.
Tags: OPEC
Iraq Resumes Turkish Exports
"We resumed pumping to Ceyhan port on Friday with a test flow rate between 300,000 to 350,000 bpd and flow will be back to normal rates within 24 hours," the official told Reuters.
Ergil Receives Second Storage Tank Order from Iraq in 2010
Ergil, headquartered in Turkey announced a second storage tank order for engineering, design, fabrication and supplying oil storage tanks and storage tank equipment for a power plant project in Iraq.
Water Resources Ministry Reclaims 3,500 Hectares in Karbala
The water resources ministry has finalized the reclamation of 14,000 donums [3,500 hectares] in al-Husseiniya area in Karbala province, at a total cost of 11.363 billion Iraqi dinars [$10m], according to a ministry press release. “Technicians and engineers of the ministry’s general organization for irrigation and reclamation projects finalized works of contract 23 of the […]
Tags: Public Works
Former Army General Wounded in Mosul
A general of the former Iraqi army was wounded when he came under fire in western Mosul city. “The incident occurred late yesterday night in the Tammuz-17 neighborhood in western Mosul,” a local police source told Aswat al-Iraq news agency on Sunday. The source explained that the officer’s house is in this area, and that […]
Tags: Agriculture
Four New Refinery Projects Worth $3bn
Iraq's government said it plans to embark on a roadshow June 27 to attract investments for projects including four domestic refineries worth more than $3 billion, pan-Arab Al Hayat daily reports Thursday.
Tags: Investment, Refinery
Iraq sees fall in deficit, Investment Increase
Iraq will decrease its deficit to 8 percent over the next three years from 18 percent, the finance minister said on Wednesday, and envisioned a substantial increase in investment as a percentage of the budget.
Tags: Bayan Jabor, Investment
Scania to Increase Truck Dealerships in Iraq As Demand Grows
Iraq’s government has ordered 500 Scania trucks, which are being assembled locally by the Iraqi state automotive company. Scania has also delivered about 30 trucks to private buyers since reentering the country at the end of last year.