Here is the full text of Gulf Keystone Petroleum Ltd's latest update from yesterday: Gulf Keystone today provides an update on its activities in the Kurdistan Region of Iraq. Shaikan-2 Further to the Company's announcement on 22 March 2011, the Shaikan-2 deep appraisal well has now drilled to a depth of 2,655 meters. The well […]
Gulf Keystone, the oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, announced on Monday that the Kurdistan Regional Government (KRG) has asked it to start exporting 5,000 barrels of oil per day. This happens just days after the Iraq central government released the first payment to the KRG after […]
It is a story that could fit in the national newspapers of any country in the world: "central government projects delayed". Yet Iraq seems determined to do something about the delays to these development projects, reports AKnews, as the government is voluntarily giving up central control to local councils to oversee the projects' completion, after […]
The U.S. Department of State has made a statement about the "substantial investment and great sacrifices" that the United States has made to "bring about progress": Since 2003, the United States has been an active partner to help Iraqis strengthen their democracy, build civil society, improve security, and re-integrate fully into the regional and global […]
Organizers of Basra Oil & Gas and Baghdad Oil & Gas are glad to announce that both events are officially supported by the Iraq Ministry of Oil. In the document signed by Mr. Ahmed Al-Shamma, Deputy Minister for Refining and Gas Processing, it is clearly indicated that the ministry is pleased with the success of […]
A delegation from Kahlid Group in the United Arab Emirates has revealed intentions to invest in a refinery in Dhi Qar, Iraq, capable of processing 300,000 barrels per day, according to Aswat Al-Iraq. The request is still to be submitted to the Iraq Ministry of Oil, but the project should involve work placements for 6,000 people. […]
By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy, an Iraq based private sector development consulting company. For a long time now, the discussion continues within different circles and corridors in Iraq, on whether microfinance institutions (MFIs) can operate as NGOs and continue providing micro-loans to low-income entrepreneurs who lack access to finance […]
US companies are put off from investing in Kurdistan by security fears, even though the Iraqi region is relatively safe and stable. Iranian businesses are more aware of the lower risks in this part of the country and are desperate to invest and take advantage of its heavy investment and rapid growth, despite tax and […]
Tony Blair's former political strategist, John McTernan, has said that, since the UK's troops are leaving, "our businesses should head there." The last 100 UK troops, who were training domestic forces, pull out on Sunday. Writing for The Telegraph, he stated about the Iraq War: "The first thing to be noted is that our intervention […]
A long-running dispute over oil fields on the Iran-Iraq border might soon be resolved, according to Ali al-Sjeri, the Iraqi minister of state for foreign affairs. Speaking to Aknews, he said that talks were now at an "advanced stage". "The Iraqi government looks forward to good relations with neighboring countries, without affecting Iraq's economic interests and […]
The next city to get some surgery to help restore Iraq's former glory is Najaf, a city of more than half a million inhabitants about 160km south of Baghdad, and home to the religiously important Imam Ali Shrine. Work on the historic center should begin soon and is expected to be completed on time for […]
Private banking reform is needed in Iraq, but iPhones may help. Abu Talib Al-Hashimi, chairman of Gulf Commercial Bank, is critical of the state stranglehold on banking in Iraq, reports Aswat Al-Iraq. By holding government deposits at government banks only, "This situation made the private sector banking system paralyzed and lacking its flexibility as private […]
