The radical cleric Muqtada al-Sadr has reportedly returned to Iran, as our security expert John Drake had predicted – John also reports that the past week has been one of the most violent of recent times in Iraq. Nevertheless, several major international deals have been finalised in rhe past days, including: the agreement to build […]
Mitsubishi and Royal Dutch Shell (LSE: RDSA) are in talks with Iraq on a possible project to build a natural gas processing plant, with Mitsubishi planning a floating liquefied natural gas (LNG) plant to export some of the gas, according to the Wall Street Journal. The remaining natural gas will be used in the domestic […]
Dutch company Van Oord has been awarded the dredging contract for the Iraq crude oil export expansion project off the coast of Iraq in the Arabian Gulf [Persian Gulf]. The client is the South Oil Company of Iraq. Van Oord will be working for main contractor Leighton based in Australia. The contract value for Van […]
Iraq Business News is to be the Official Digital Media Sponsor for the Basra Oil & Gas Conference 2011. Publisher Antony Wakeham describes the conference as "undoubtedly the up and coming O&G event in Iraq. We are proud to have been chosen as Official Digital Media Sponsors for 2011". In one year Iraq Business News […]
An Iraqi Government spokesman said on Wednesday that the Council of Ministers have approved the purchase of 18 F-16 Falcon military aircraft as part of a weapons deal signed with the U.S. administration. Ali al-Dabbagh said in a news conference today following the Cabinet meeting that the U.S. will deliver the aircraft to Iraq within […]
Overview Last week was one of the most violent in Iraq for several months. Over 120 people were killed and several hundred injured in a spate of suicide attacks. The total number of attacks reported did not significantly increase, but with at least seven of the attacks involving suicide bombers in very crowded areas it […]
Shares in Heritage Oil fell 17% this morning following their announcement of a major gas find in Kurdistan. [UPDATE: the shares ended the day down 29%] While the discovery is very significant, the market was hoping for oil rather than gas, leading to a share sell-off. The full text of the announcement follows: Heritage Oil […]
