In a move that could increase tensions over water supplies, the Kurdistan region's minister for agriculture has announced that the Region is building 11 dams and plan dozens more. "There are 11 dams now under construction," Jameel Sulaiman told AFP. "We have studies and designs to build 28 more," he added. He said that the […]
Kentz Corporation Limited, the holding company of the Kentz engineering and construction group, has positioned itself for further project opportunities in Iraq. In its annual report, issued this morning, the company said: "One area, where we see significant outlook for both capex and opex contracts is in Iraq. During the period Kentz took a 49% […]
Sterling Energy, the upstream oil and gas company listed with operations in Iraqi Kurdistan, has announced its annual results for 2010. 2010 SUMMARY Sangaw North-1 exploration well testing the potential of the Sangaw North block. Received $15.6 million of net cash flow from Chinguetti field operations during 2010 (2009: $13.3 million). Cash resources as at […]
According to a report from Niqash, Massoud Barzani, the Kurdistan Region Government President, was invited recently to Turkey for talks on increasing economic integration between the two states. With trade between the Iraqi Kurdistan Region and Turkey reaching $9 billion, relations between Turkey and the Region have improved significantly. Turkey is working hard in the […]
Crisis management When it was announced that the Arab League summit would take place in Baghdad, many leaders expressed concerns for the safety of the event. Now, several months later, the tables have turned in the Middle East, and some of those leaders are facing a much more hazardous situation at home. It has been […]
Overview Levels of violence crept up once again in Iraq last week. What is of concern is that this violence was attributed almost entirely to terrorists and militants, whereas recent weeks saw an increase in violence related to civil unrest. Protests subsided (to a degree) last week but more hostile elements, capable of inflicting far […]
On March 11, Rabee Securities came out with the first-ever sector report on ISX-listed companies. The report, which could be thought of as something of a milestone for the Iraqi market, is on the banks—the most heavily weighted sector in terms of both trading volume and market cap. For me the main takeaway was that […]
Italy’s energy giant Eni is still interested in investing in the Nassiriya oilfield, Italy's ambassador to Iraq has said. Ambassador Gerardo Caranti was visiting Iraq to evaluate the progress of several projects and to study future suggestions. "We have several projects in Iraq at a cost of more than $2 billion," he told Aswat al-Iraq […]
The chairman of the Wassit Investment Commission said that a number of Bulgarian companies visited the governorate on Thursday to discuss investment opportunities. Sadeq Howeidi told Aswat al-Iraq news agency on Friday that the delegation discussed agriculture and industrial sectors, and signed a memorandum of understanding with the province relating to the medial sector. They […]
By Ronald P Verdonk, Agricultural Counselor at the U.S. Embassy in Baghdad. At this point in late March/early April, Iraq would benefit from additional moisture in order for its winter wheat to fill out and further develop. Already, given the regional drop in precipitation through the growing season compared to a year ago, irrigation supplies […]
Iraq has officially nominated its former Minister for Water Resources, Abdul-Latif Jamal Rashid (pictured), for the post of the Director-General of the UN Food & Agriculture Organization (FAO), the Saudi-based al-Sharq al-Awsat (Middle-East) Newspaper reported on Wednesday. The newspaper quoted Rashid as saying that his nomination for the post had been addressed in an official […]
The Iraqi oil minister said his office is planning to raise oil production volume to 6.5 million barrels per day (bpd) over the next four years. Abdul-Kareem Lueibi [Luaibi, Elaibi] told a press conference that the ministry expects to raise the volume to 2.75m bpd in 2011, 3.3m in 2012, 4.5m in 2013, and 6.5 […]
