Shares in Sterling Energy (LSE: SEY) rose 11% on Thursday after it stated it is ready to sidetrack and re-drill its Sangaw North-1 well in Kurdistan after recovering further 280 metres of drill pipe from the well after it ran into trouble in November. Interactive Investor quotes Keith Morris, analyst at Evo Securities, as saying: […]
Norwegian oil company DNO has issued a statement clarifying its position on exports from Kurdistan: In a Stock Exchange Notice released on 24 January 2011 DNO made reference to a press released published by the KRG on 22 January 2011, where amongst other things it was reported that the central government in Baghdad and the […]
An official spokesman for Iraq's Oil Ministry's said on Wednesday that there were fewer attacks on Iraq's oil pipelines in 2010 than in previous years. "The Oil Ministry's Technical Department had prepared a statistic on the number of attacks against oil installations that reached 65 attacks in 2010, compared with 81 attacks in 2009," Assem […]
The Kurdistan Region’s minister of education has requested an additional 6,000 teachers and staff in 2011, almost twice the number recruited in 2010. Speaking to AKnews, Safin Dizayee said the demand has been directed to the Kurdistan Council of Ministers to fill the gap in teaching staff and administration posts of new and existing schools. […]
Iraq exported slightly less crude in 2010 compared to the previous year, but still earned 26.3 percent more due to an increase in global oil prices, reports AFP, quoting an official statement on Wednesday. The country exported $52.2 billion (38.1 billion euros) worth of oil last year, compared to $41.3 billion in 2009. Exports totalled […]
According to a report from AKnews, the Belarusian government is planning to build a factory to make tractors, trucks, and agricultural machinery in Iraqi Kurdistan. A delegation of Belarusian investors and businessmen, led by the Belarusian Industry minister, announced the plan on Wednesday at a meeting with Erbil's governor, Nawzad Hadi. The foreign delegation made […]
Iraq and Kuwait pledged on Wednesday to work toward resolving border disputes and debt issues as the two former enemies seek to repair relations damaged by Saddam Hussein's 1990. Iraq's Foreign Minister, Hoshyar Zebari (pictured), and the Kuwaiti ambassador made the remarks at a flag-raising ceremony at the new Kuwaiti Embassy in Baghdad — the […]
According to a report from Press TV, Iran and Iraq's Kurdistan may agree a visa waiver scheme to facilitate cross-border travels as part of a program of increased cooperation between the two sides. To facilitate cross-border travel for both Iranians and the citizens of the Kurdistan region in northern Iraq, and to encourage trade and […]
The radical cleric Muqtada al-Sadr has reportedly returned to Iran, as our security expert John Drake had predicted – John also reports that the past week has been one of the most violent of recent times in Iraq. Nevertheless, several major international deals have been finalised in rhe past days, including: the agreement to build […]
Mitsubishi and Royal Dutch Shell (LSE: RDSA) are in talks with Iraq on a possible project to build a natural gas processing plant, with Mitsubishi planning a floating liquefied natural gas (LNG) plant to export some of the gas, according to the Wall Street Journal. The remaining natural gas will be used in the domestic […]
Dutch company Van Oord has been awarded the dredging contract for the Iraq crude oil export expansion project off the coast of Iraq in the Arabian Gulf [Persian Gulf]. The client is the South Oil Company of Iraq. Van Oord will be working for main contractor Leighton based in Australia. The contract value for Van […]
Iraq Business News is to be the Official Digital Media Sponsor for the Basra Oil & Gas Conference 2011. Publisher Antony Wakeham describes the conference as "undoubtedly the up and coming O&G event in Iraq. We are proud to have been chosen as Official Digital Media Sponsors for 2011". In one year Iraq Business News […]
