Shares in Gulf Keystone (LSE: GKP)jumped 5.5% in London on Wednesday after the company announced the completion of drilling and testing operations on its Shaikan-3 shallow appraisal well. This well was designed to drill and test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well. The Company has a 75 percent working […]
A delegation of Chinese companies specializing in cement production visited the Council of Anbar province on Tuesday to discuss investment projects in the region. The head of Anbar provincial council, Jassim al-Halbousi, told AKnews that the discussions focused on ways of increasing productivity at Anbar’s Qaem cement plant. “We hope it will be as significant […]
The Iraqi Ministry of Communications announced on Wednesday that it will offer three “large” investment projects during this year. The Ministry’s spokesman, Samor Ali Hassoun, told AKnews that the three projects are for normal telephone lines, Baghdad Communications Tower, and post offices. The Ministry’s preparations regarding this offer are ongoing, and international companies will be […]
The Undersecretary General of the Arab League, Ahmed bin Helli, has confirmed that Iraq will host the next Arab League summit — the country's first in 20 years. Associated Press reports that Arab League Secretary-General, Amr Moussa, will travel to Baghdad on Saturday to discuss preparations for the meeting. Bin Helli told reporters on Wednesday […]
Due to US sanctions, Iraq has been unable to pay Iran millions of dollars owed for electricity, an Iraqi official said, potentially damaging its efforts to supply enough power to a population suffering chronic shortages. According to the report from Reuters, Adel Mahdi, an adviser to the electricity ministry, said on Wednesday that Iraq imports […]
A senior Finance Ministry official said on Wednesday that Iraq's Foreign Minister, Hoshyar Zebari, will head a governmental committee developing mechanisms to protect Iraqi funds deposited in foreign banks after the UN Security Council resolution to withdraw its protection of those funds at the end of June. Diya Khayyoun, the Undersecretary of the Finance Ministry, […]
Overview Last week saw a rise in the number of attacks taking place in Iraq. Militant activity was concentrated in the centre of the country and in the northern city of Mosul. There were at least three suicide bombings in Anbar and Ninawa provinces while a Kurdish civilian was reportedly kidnapped in Kirkuk. As warned […]
Royal Dutch Shell may build its own dock in Iraq's Shatt al-Arab waterway to speed up delivery of heavy equipment to its supergiant Majnoon oilfield, according to a report from Reuters. The head of the General Company of Iraqi Ports, Salah Kudhair, told the agency that it had given initial approval to a proposal from […]
Iraq signed deals worth $52 million with France's Schneider Electric and Areva to build 15 power distribution stations in the southern oil hub of Basra, the province's deputy governor, Ahmed Hameed, said on Sunday. Schneider Electric, has won a $29 million contract to build eight distribution stations, while Areva was awarded a $23 million deal […]
Iraqi State Minister, Ali al-Dabbagh, said Iraq agreed to build pipelines across its shared border with Jordan to increase supplies of oil to its western neighbour, according to a report from Bloomberg. The countries also agreed to discuss development of the Risha natural-gas field along their common border, the minister told a news conference in […]
Iraq is considering holding a fourth bidding round for international energy firms interested in gas exploration contracts, government officials said on Sunday. Iraq will initially offer 12 exploration blocs, Oil Minister Abdul Kareem Luaibi [Elaibi] told reporters. According to both Reuters and Associated Press, the minister did not give further details, but Abdul-Mahdy al-Ameedi, head […]
The Governor of the Kuwaiti Capital, Sheikh Ali Al-Jaber, visited soutwestern Iraq’s holy city of Karbala on Sunday to discuss the implementation of several investment projects in the Province, its Governor, Amaluddin al-Hir, said on Sunday. “We have conferred with a Kuwaiti Delegation, who visited Karbala, under leadership of the Kuwaiti Capital’s Governor, Sheikh Ali […]
