Archive | 10th September 2011

Iraq Stock Market Report

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2011). The RSISX index ended the week at ID1,658 / $1,840, +1.6% (weekly change). The number of weekly traded shares was 3.5bn and the weekly trading volume was ID12.3bln ($6.4mn).   Non Iraqis executed 666 transactions this week: Buys - 499 transactions, ID1.8bn […]

Iraq Plans 5 Refineries, Worth $30bn

Bloomberg reports that Iraq is seeking about $30 billion in investment to build five new oil refineries as it plans to add enough fuel-processing capacity to avoid importing gasoline and diesel. The projects would boost Iraq’s capacity to refine crude oil into fuel by 900,000 barrels a day, the country’s Deputy Oil Minister Ahmed al-Shamma […]

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Genel Energy Plans Acquisitions in Iraqi Kurdistan

Tony Hayward (pictured), the Chief Executive Officer of Genel Energy Plc, a group formed via a merger of Vallares Plc and Turkey's Genel Enerji, said he plans acquisitions in Iraqi Kurdistan. Reuters reports that the former boss of BP told reporters in Istanbul that the company plans to make the acquisitions with its $2.2 billion […]

New Oil and Gas Field Discovered in Anbar

Iraq has discovered an oil and gas field in Anbar province in the west of the country, Bloomberg reports. The Khasfah [Khasfa] field is between Al-Qaim and Rawa, Saadoun al-Shaalan, deputy head of the Anbar province council, said today in a statement. No data on the field’s reserves are available, according to the statement. (Source: […]

Still No Agreement on Iraq’s Parliamentary Membership

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. […]