Reuters reports that Iraq's oil exports from its southern ports jumped last month to a six-month high, reflecting efforts by foreign oil companies to boost production. Exports from the Basra oil terminal and Khor al-Amaya averaged 1.77 million bpd in July, shipping data tracked by Reuters showed. That is the highest since 1.8 million bpd […]
International architecture, urbanism and design practice Broadway Malyan has delivered the concept masterplan for the ‘10×10’ project in Iraq, involving a 17km² extension of Sadr City, Baghdad, and the creation of New Sadr City. The practice’s masterplan is a major milestone in the realisation of the project, named 10×10 because of its predicted $10 billion […]
WesternZagros Resources has announced that it has finalized an agreement with the Kurdistan Regional Government of Iraq ("KRG") and Talisman (Block K44) B.V. ("Talisman") to amend the original Production Sharing Contract ("Original PSC") that governed the Company's exploration activities in the Kalar-Bawanoor Block in Kurdistan. The agreement divides the contract area of the Original PSC […]
The following article was published 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 with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
AKnews report that a new state-run university was officially opened in Halabja yesterday, 81 km southeast of Sulaimaniya. Speaking at a press conference, university director Khasraw Abdullah told reporters that the institute’s single college - offering courses in Islamic sciences, languages and sports - had been up and running for six months already before yesterday’s […]
Levels of violence rose slightly in Iraq over the past week although conditions remain quieter than much of the year so far. Fewer than 50 people were killed, which is a moderate figure by Iraqi standards, albeit still abhorrently high. A notable number of the dead and injured were caught up in a double suicide […]
North Gas Company invites to bid for a new outdoor power transformer with the following specifications: Rating 2000KVA Cooling: ONAN No-Load ratio : (3.3 /0.4) KV Phases: 3 Frequency : 50HZ No-load tap changer: 2*2.5% Insulation Liquid : Oil Vector Group: Dyn 11 Primary Connection: Delta Secondary Connection: Star-Neutral Ambient Conditions: Tropical/55 celsius degree Neutral C.T […]
Iraqi Drilling Company , one of the Iraqi Ministry of Oil establishments , invites to bid for Supplying Fire Truck Rosenbauer Capacity of 11.000 ltr (Mercedes chasses 6*4 ) , qty /2, in accordance with the conditions and specifications , which can be obtained from the purchasing department at IDC's headquarters in Baghdad. The bidder will […]
A French magistrate has decided to send giant Frence oil company Total and its chief executive to trial on charges that the company engaged in corruption during the United Nations oil-for-food program in Saddam Hussein's Iraq, according to Reuters. The magistrate is sending the company to trial on charges of corruption and involvement in fraudulent […]
While prospects that Iraq could reach its ambitious oil production targets are fading, political instability in a number of oil-producing countries are having adverse effects on OPEC production and spare capacity, according to a new study by the Baker Institute. The report says that the international community is very likely to be reliant on Iraq […]
A United Arab Emirates-based logistics contractor billed Defense Department authorities in Iraq for parts at prices marked up as high as 5,000 percent and 12,000 percent, according to a quarterly report released Saturday by the Special Inspector General for Iraq Reconstruction. GovExec reports that a review of a $119 million reconstruction and logistics contract with […]
Almost 2,000 kilometres in size, Lake Razzaza is Iraq’s second largest lake. But increasing saline levels and decreasing water levels mean that the area is heading for economic, social and environmental disaster. And nobody seems to have any solutions. Once it was a centre for the local fishing industry, a lake teeming with commercial activity, […]
