Iraq has agreed to increase oil exports to Jordan by 50%, according to AKnews. The Iraqi Oil Ministry has signed the agreement with its Jordanian counterpart today to increase oil exports from the Baiji [Bayji, Beiji] refinery (pictured) from 10,000 barrels per day (bpd) to 15,000 bpd. Falah al-Ameri, director of the State Oil Marketing […]
A Ukrainian-based defence manufacturer has reportedly suspended work on a contract to supply the Iraqi military with light transport planes until it receives payment for work already done under the contract. Interfax reports that state-run Antonov has a $550 million contract to supply military equipmment, including its An-32 aircraft, to Iraq, and a spokesman said […]
Three rockets were fired in the area of the Iraq-Kuwait border on Friday. Reuters quotes an Iraqi official as saying that they landed inside Iraq and were not aimed at Kuwait or the disputed Mubarak port. "The rockets targeted the (former) Bucca prison building, which is used by foreign companies," Ali al-Maliki, head of the Basra […]
The Kurdistan Ministry of Agriculture and Water is building three small dams to tackle the water crisis near Koya, Sulaimaniyah. Minister Jamil Suleiman told AKnews that the projects in Bawajan, Qoritan and Timarok villages will cost $552,500. The projects are funded from the 2011 ministry budget, have already been started, and will be completed within […]
The Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, has been nominated to the post of Acting Minister of Electricity, along with his current post, the semi-official Iraqiya TV Satellite Station reported on Wednesday. “Prime Minister, Nouri al-Maliki, has assigned his Deputy for Energy Afffairs, Hussein al-Shahristani, to hold the administration of the Minister of […]
Heritage Oil has announced its interim results for the six months ended 30 June 2011. Operational Highlights · Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan"), commenced drilling on 7 August 2011 · Miran 3D seismic acquisition is nearing completion and 2D seismic acquisition in the southern portion of the Miran Block has […]
Asiacell – the first and largest private Iraqi telecommunications company and the first mobile telecom company to provide coverage for all of Iraq – today announced rolling out mobile voice, broadband and SMS services across remote communities in Iraq using the Altobridge lite-site™ solution. A satellite-backhauled, solar-powered, 2G/3G solution, the Altobridge lite-site™ enables mobile network […]
Supported by the Kurdistan Regional Government, the Iraqi Government and the Ministry of Natural Resources – Kurdistan, Kurdistan-Iraq Oil & Gas will take place in Erbil on the 13-15 November 2011. The summit will be opened by H.E. Dr Barahm Salih, Prime Minister of Kurdistan and H.E. Dr Ashti Hawrami, Minister of Natural resources as […]
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. […]
Sinan Chalabi, Kurdistan trade and industry minister, laid the foundation stone on Wednesday for a new government-owned food storage warehouse in Erbil AKnews reports that the project, with capital of $1.5 million, will be completed in one year. The building which will store the monthly food-rations of residents will be constructed on 4,000 square meters […]
Iraq’s Planning Minister, Ali Yousif al-Shakari [Ali al-Shukri], pictured, met with Rashid al-Mansouri, the Ambassador of the United Arab Emirates (UAE), to discuss joint cooperation between the two countries. Minister Shakari expressed his admiration for the UAE, according to Aswat al-Iraq. The agency quotes the Ambassador as “having expressed UAE’s readiness to expand horizons of […]
The current world focus is on Libya, with AKE now ranking Tripoli as being much more hostile a working environment than Baghdad. However, conditions are still fluid and unstable in Iraq, and levels of violence have crept up in the country for the third consecutive week. Dozens of people were killed and hundreds injured in […]
