Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st December 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,440 / $1,697, +9.0%. The number of weekly traded shares was 5.8bn and the weekly trading volume was ID10.0bn ($8.5mn). […]
Archive | 3rd December 2011
Lukoil and Shell to Replace Exxon at West Qurna 1?
Russian news agency RBC Daily reports that Lukoil, Russia’s second-largest oil producer, is looking to expand its business in Iraq through buying part of ExxonMobil's 60% stake in the West Qurna 1 field. If the deal goes ahead Lukoil would hold 37.5% of the business. It is already in partnership with Norway's Statoil in the […]
Tags: Exxon, ExxonMobil, KRG, Kurdistan News, LUKoil, oil contracts, Shell, West Qurna Oilfield News
Undersea Cable Network to Upgrade Iraq's Links
Reuters reports that Qatar-based Gulf Bridge International (GBI) is completing the final stages of a submarine cable network that will give Iraq fast, reliable connections to other parts of the world for the first time. The network, expected to be fully operational by the end of the year, consists of a 13,000 km (8,078 miles) […]
Time to Move on: Iraq's Oil & Gas Impasse Explained
The furore over the contract signed by US oil giant Exxon with Iraqi Kurdistan is another sign that Iraq urgently needs a new oil and gas law. As this primer from Niqash explains, the lack of this law could well be a sign that the dream of united Iraq is over. Any opinions expressed are […]
VP Biden's Address to US-Iraq Higher Coordinating Cmte
Remarks by Vice President Biden at the Conclusion of a Meeting of the U.S.-Iraq Higher Coordinating Committee THE VICE PRESIDENT: Mr. Prime Minister, my distinguished colleagues, as I stated at the outset, both our countries are now launching on a new phase of this relationship. What we discussed here today was not totally new, but […]
Tags: Joe Biden