Archive | 12th September 2011

Dr Sami al-Araji Speaks with Iraq Business News

Following his address to the Iraq Mining 2011 conference in London, the Chairman of Iraq's National Investment Commission, Dr Sami al-Araji, was interviewed by Padraig O'Hannelly for Iraq Business News: Iraq Business News: Dr al-Araji, in your speech you mentioned the visa problems that Iraqis sometimes have entering the UK; what some businesses are also […]

Iraq Targets 3m BPD Oil Production by December

Iraqi Oil Minister Abdelkarim al-Luaybi [Luaibi, Elaibi] said on Sunday that the country plans to produce three million barrels of crude per day by the end of the year, and export 2.5 million bpd next year. The minister told a conference in the Jordanian capital Amman, which is being attended by the 46 oil firms […]

New Iraqi Oil Prices for October

Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for October. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]

False Reports of Suspension of Oil Exports from Kurdistan

Following reports that the Kurdistan Regional Government (KRG) had suspended oil exports through the Iraq-Turkey pipeline, the KRG has issued the following statement: The Ministry of Natural Resources of the Kurdistan Regional Government would like to state that there has been no policy decision for suspending oil exports from Kurdistan via the Iraq-Turkey pipeline. Over […]

Furrow Irrigation: Strategy to Save Water in Iraq

By Layth Mahdi, Agricultural Advisor. Any  opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is divided into two Main Climate Zones. A dry rain-fed zone (300 – 350 mm/year) in the north and a dry to semi-dry (100 – 200 mm/year) in the central-south […]

WesternZagros's Reports 1,900m Oil and Gas in Kurdamir-1

WesternZagros Resources has announced encouraging results from a recently-completed study of the drill cuttings from its Kurdamir-1 well (pictured) utilizing advanced technology. The study, by Weatherford Laboratories in Houston, confirmed the potential of a gross oil and gas interval over 1,900 metres thick in the Kurdamir-1 well. These results significantly increase the Company's confidence of […]

More Stalemate in the Iraqi Parliament

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. […]