Archive | 24th October 2011

Lukoil About to Award Contracts at West Qurna 2

Dow Jones reports that Lukoil and its partners are about to award a feast of contracts to international engineering and construction companies as it moves full speed ahead with development of its supergiant West-Qurna Phase 2 in southern Iraq. The company is in the final stages of evaluating commercial and technical bids for contracts competing […]

Foreigners Invest in Iraq's Bourse, Expect Boom

According to a report from Reuters, with better regulation and the expected listing of the country's three main mobile phone firms, foreign investors are increasingly choosing Iraq's stock market as a lucrative investment. Iraq's bourse is still tiny in comparison with other regional or international stock markets, but a drop in violence since the peak […]

New Turkish Consul Promises Business

The new Turkish consul general to Basra, Faruk Kaymiski, promised on Sunday that he would urge more Turkish companies to invest in the oil-rich province of Basra. AKnews reports that Kaymiski, the successor of Ali Reza Ozcu, said that when the consulate was opened in 2007, its goal was to expand the economic and social […]

Hermes Datacomms Appoints Iraq Country Manager

Hermes Datacomms Middle East, a key specialist providing Wide Area Network communications to the upstream oil and gas industry has appointed Saif Al-Azzawi as Country Manager of their Iraq operations, and Nigel Green as Head of Security and Operations for the Middle East. Al-Azzawi has worked in the telecommunications industry for the past 8 years. […]

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Sadr Demands Resistance against the US Embassy in Baghdad

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. […]

Gulf Keystone Updates on Kurdistan Operations

Gulf Keystone provided an update on Monday on its ongoing exploration and appraisal programme for the Shaikan, Ber Bahr and Akri-Bijeel blocks in the Kurdistan Region of Iraq. Shaikan is a major discovery with independently audited gross oil-in-place volumes of between 4.9 billion barrels to 10.8 billion barrels calculated on the P90 to P10 basis […]

Iraq-Syria Rail Link to Begin Operations in 2012

A railway connecting Syria and Iraq will begin operations next year, according to a report from Kuwait’s KUNA news agency. In addition, a direct line connecting Syria’s eastern Deir Al-Zor-Al-Bukamal station to Iraq has been completed, the director general of the Syrian rail company has said. “The rail link is a direct line that will […]

Austria to Open Trade Office in Iraqi Kurdistan

A trade delegation from Austria, headed by former chancellor Alfred Gusenbauer (pictured), voiced their willingness to open Austria's trade representation in the Iraqi Kurdistan region. According to the report from AKnews, the delegation met with Parliament Speaker Kemal Kirkuki and promised to cooperate in reconstruction and development of Kurdistan through the new consular office. There […]

Scholarship Opportunities in US

The U.S. Embassy in Baghdad has announced that it is now accepting applications for U.S. Government-sponsored exchange programs focused on the education sector. The programs will provide Iraqi high school and university students and educators with the opportunity to travel to the United States to exchange ideas and build linkages with their American colleagues. These […]