Iraq welcomes Sri Lanka’s cooperation and talented labour force to rebuild the nation, according to a report from Sri Lanka's Daily Star. Addressing a media briefing at the Chamber of Commerce yesterday, Iraq's Ambassador, Kahtan Taha Khallaf Kali, said Iraq aims to produce 11 million barrels of oil per day in 2016, compared to about […]
Salahadin Province Council decided last week to form committees in order to negotiate with the Kurdistan Regional Government (KRG) about drilling for oil in the Tozkhormato region [Tuz Khormato]. Provincial Council member Damen Alaiwi told Alsumaria News that the council decided the plan in order to give people living in that region the right to […]
The spokesman of the Iraqi Oil Ministry said on Sunday that the ministry is working to complete the preparations for the fourth oil licensing round. Assem Jihad told AKnews that the fourth round of licences will include the provinces of Najaf, Karbala, Samawa, Diwaniya and Anbar, which were not included in the previous rounds. "The […]
Heritage Oil has held the 10% gain in its share price, following the report in the Thursday's Financial Times that the company had received a informal takeover offer from an un-named Abu Dhabi-based company. The company has not commented on these latest rumours, and is understood to have rejected the offer, which would value the […]
According the a report from Aswat al-Iraq, the Director General of Iraq’s State Oil Marketing Organisation (SOMO), whom it names as Hussein Jamal Abdullah, has been shot dead in Baghdad. The attack was carried out by a group of armed men close to west Baghdad’s People’s Stadium. A colonel in the Iraqi Army has also […]
Platts reports that reduced pumping rates through Iraq's northern oil export pipeline to the Turkish port of Ceyhan are expected to cause delays of eight to nine days to crude oil loadings. Pumping through the pipeline, damaged by a bomb attack over a week ago, resumed on Wednesday but at below normal levels, the sources […]
Iraq's Ministry of State for Women's Affairs, Ibtihal al-Zaidi, told AKnews that the Iraqi Council of Ministers agreed to allocate a proportion of small loans for women. During its recent meeting on granting loans to finance the small enterprises, the Council of Ministers agreed that priority will be given to women supporting families. "The request […]
The Najaf province announced on Saturday that it will host its 4th agricultural exhibition on April 25, to encourage investment in the agricultural sector in the province. Faed Kadhim Noun, the head of the provincial council, told AKnews that local and international companies are invited to participate in the exhibition in order to improve the […]
The Executive Board of the International Monetary Fund (IMF) completed the second review of Iraq’s economic performance under a program supported by a Stand-By Arrangement (SBA) on Friday. Completion of the second review makes an additional SDR 297.1 million (about US$471.1 million) available for disbursement, bringing the total resources currently purchased by Iraq under the […]
MAG (pronounced “Mag”) – Mines Advisory Group – is a neutral and impartial humanitarian organisation that clears the remnants of conflict for the benefit of communities worldwide. MAG has destroyed more than 430 deadly weapons that were threatening the lives of truck drivers and blocking development at one of the biggest trading points between Iraq […]
The following report was presented by Ahmed Mousa Jiyad to the Institute for Energy of the European Commission in Amsterdam, and it is reproduced here with his permission. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies-CGES, London. He was formerly a senior economist with the Iraq National […]
Bloomberg reports that KBR managers in Iraq and Kuwait are accused by US authorities of taking $45,000 in kickbacks from a dining facility subcontractor from late 2002 through 2003. Terry Hall, who was KBR’s regional food services manager for the two countries, and his deputy, Luther Holmes, were accused of violating the False Claims Act […]
