Following its announcement of a major oil find in Iraqi Kurdistan last week, ShaMaran Petroleum's Chairman, Keith Hill has given an interview to the Canadian Business News Network (BNN). Please click here to see the full interview.
The National Investment Commission in Iraq has decided new regulations to decrease the use of foreign labor in Iraq, with the intention of providing more jobs for unemployed Iraqis. The following points were released by the NIC on Tuesday to clarify those regulations: The investor shall decide in advance the rate of the work force […]
The Czech Republic is planning to offer Iraq a number of light attack aircraft and help Baghdad to modernize its helicopter fleet, Czech Foreign Minister Karel Schwarzenberg said, according to a report from the Russian news agency RIA Novosti. Czech Prime Minister Petr Necas will visit Iraq on May 23-24 to promote closer economic cooperation […]
Iraq’s parliament plans to adopt legislation to cut the pay and benefits of top officials by the end of the month, Speaker Usama al-Nujaifi [al-Najafi] (pictured) has said. According to the report from Bloomberg, parliament will start discussing the matter on April 26 and pass either one law or three separate laws by the end […]
The British Consul General in Basra, Richard Wood, visited Basra Investment Commission (BIC) on Tuesday and discussed how best to facilitate British investors entering the province. They also discussed some economic and investment issues, especially those related to the main obstacles facing investors. According to the BIC, Wood expressed his appreciation of the role of […]
The Iraqi Agriculture Ministry revealed Sunday that Iraq is producing 50% of the wheat the country requires. The ministry's spokesman, Karim al-Tamimi, told AKnews, "Iraq currently produces only two million tonnes of wheat due to lack of water needed for cultivation as well as the migration of many farmers from villages to cities." "The Ministry […]
Exporters looking to serve the Iraqi oil and gas industry might be interested in the guaranteed twice-weekly express road trailer services between Western Europe and Iraq recently launched by independent freight forwarder F.S. Mackenzie. F.S. Mackenzie says that the service, which caters for express groupage and part-loads, has been launched in response to increased business […]
Iraq has seen a rise in the number of sticky bomb attacks over the last week. This is a worrying trend, particularly for the state employees and security force personnel who are being singled out for these attacks. The Tactic Sticky bombs are also known as Under Vehicle Improvised Explosive Devices (UVIEDs). They are […]
WesternZagros Resources announced this morning that it is preparing to start the planned testing program at the Sarqala-1 well after a successful and incident-free completion of the sidetrack drilling and wireline logging. The sidetrack was drilled through the targeted path in the Jeribe Formation to a total depth of 3,893 metres. Drilling shows and log […]
Shares in Heritage Oil Plc (LSE: HOIL) fell 4% this morning following the announcement of its results for the twelve months ended 31 December 2010. All figures are in US dollars unless otherwise stated. 2010 Operational Highlights · Discovered the largest gas field in Iraq in the last 30 years · Highly productive Jurassic reservoir […]
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, has provided an update on the work programme and development options for the Miran Block in the Kurdistan Region of Iraq ("Kurdistan"). Highlights · Rig secured to commence a multi-well exploration and appraisal drilling campaign on the Miran Block · Miran West-3 well […]
DNO has today presented its Annual Statement of Reserves ("ASR") as of 31.12.2010. The total remaining P50 reserves for DNO as of 31.12.2010 are estimated at 194.2 million barrels of oil equivalents, on a working interest (WI) basis, which represent the commercial reserves, class 1-3, under Norwegian Petroleum Directorate classification. This is an increase of 30% […]
