Archive | 2011

Exxon Moving into Seriously Disputed Territory

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]

Afren Presentation to Oil & Gas Conference

Afren plc Chief Operating Officer, Shahid Ullah, delivered the following presentation at the Kurdistan-Iraq Oil & Gas Conference in Erbil. The topic of his address was Growth Opportunities for the Oil & Gas Industry; Projects Potential. Please click on the following pages to see the presentation.

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Weekly Security Update for 17th November 2011

Last week saw a notable decline in attacks in Iraq, but incidents have worsened once again over the past three days. Activity was concentrated in the central provinces, although Baghdad itself remained unusually quiet until Sunday. Conditions now appear to be returning to an unfortunate level of normality. Roadside bombings are currently the most commonly […]

Iraq to Compete with Russia and Iran in Natural Gas Market

Iraq is expected to compete with both Iran and Russia in the natural gas market in Turkey and Europe, thanks to its geographic location and prices, according to a report from Al Sumaria TV. A marketing expert on the sidelines of the Kurdistan Oil & Gas conference told the agency: “The European Union has real […]

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Heritage Oil Updates on Miran West

As part of its interim management statement, Heritage Oil plc has issued an update on its operations in Iraqi Kurdistan. : Heritage successfully completed testing of the Upper Cretaceous reservoir in the Miran West-3 well after drilling to a depth of 876 metres. During testing the maximum measured rate achieved from this reservoir section was […]

Afren Updates on Kurdistan Operations; Shares Rise

As part of its interim management statement, Afren plc has issued an update on its operations in Iraqi Kurdistan. The shares are up 11% since the statement: On 2nd November, the Company announced completion of the acquisition of a 60% operated interested interest in the Barda Rash PSC and 20% non-operated interest in the Ain […]

The Exxon Mobil Bombshell

The following article was published on Monday by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]

Shahristani, Poneman Discuss Economic Relations

Iraqi Deputy Premier for Energy Affairs Dr. Hussein Shahristani met US Deputy Energy Secretary Daniel Poneman (pictured) on Tuesday to discuss economic relations between the two countries. Aswat al-Iraq reports that the meeting was attended by the US ambassador to Iraq, James Jeffrey. Shahristani expressed Iraq's readiness to supply world markets with oil based on […]

Investors to Get Visas within 48 hours in Basra

Basra Investment Commission announced on Tuesday that it had agreement reached with Iraqi authorities to grant investment visas within 48 hours. The Commission's Chairman said this would be a major step in reducing red tape, and will help investors to seize opportunities and contribute to the development of the economy. (Source: BIC)

EODT Receives Iraqi Mine Action Accreditation

EOD Technology, Inc. (EODT), a leader in stability operations support services worldwide, has received its Mine Action accreditation from Iraq’s Ministry of Environment. With this accreditation in place, EODT will expand its current operating footprint in Iraq to support the country’s infrastructure reconstruction and development initiatives. EODT has been operating in Iraq continuously since 2003 […]