Iraq has recently participated in an Arab workshop on combating financial and administrative corruption in governmental and private institutions, according to a report from Aswat al-Iraq. The Jordanian al-Arab daily said that Iraq, Saudi Arabia, Oman and Jordan are participating in the workshop in Amman, Jordan, that tackles combating corruption with new technologies and the […]
Archive | 2011
Tags: Corruption
Iraq: Pick a Sector
We all know oil and gas are the drivers of Iraq's economy and will fuel the development of the country, but it would be a mistake to think that all the investment in Iraq will go into energy-related infrastructure. Taking a totally unrelated sector as an example, healthcare in Iraq has received massive funding and […]
Tags: health
Weekly Security Update for 7th December 2011
As the US military withdrawal continues, many are worried at the possibility of increased militancy over the coming year in Iraq. Levels of violence rose over the past week with the highest number of casualties recorded in six months. As warned, terrorists targeted Shi’ah worshippers gathering to commemorate Ashura, with a number of attacks in […]
Tags: AKE, alcohol, Baghdad, Christians, Cultural Awareness, Dahuk, Iraq, Kurdistan News, Security, Sulaymaniyah, US military, Yazidis, Zakho
Iraq F-16 Order Finally Confirmed
Iraq wants to make a deal with the United States for another 18 F-16 multi-role fighters to expand its fledgling air force, according to reports from UPI and Aviation Week. Lockheed Martin won the deal to provide 12 F-16C and six F-16D Block 52 aircraft, plus spares and support. The contract runs through May 2018. […]
Tags: F-16, Lockheed Martin
Exxon CEO Silent on KRG oil deal
ExxonMobil's Chief Executive, Rex Tillerson (pictured), refused on Tuesday to answer questions about the company's deal with the Kurdish Regional Government (KRG). When asked at a World Petroleum Congress in Qatar if he thought the contracts would hold up under Iraqi law, Tillerson said, "I'm not in a position to comment on that". At a […]
Iraq Approves $100bn Budget for 2012
Iraq’s Cabinet has approved a federal spending plan of almost $100 billion for 2012. The budget is based on an oil price of $85 a barrel and is smaller than the $112 billion spending plan discussed by the Cabinet in September, which was based on an oil price of $90 a barrel. The deficit will […]
Tags: Iraq Budget News
dnata Re-Launches in Iraq
More than 100 airport and government dignitaries, customers and suppliers joined dnata’s senior management last night for a gala dinner in Erbil to celebrate the re-launch of the dnata brand in Iraq. Since its launch in March 2010, dnata’s operation at Erbil International Airport has expanded steadily, providing comprehensive ground handling and cargo services to […]
Tags: dnata
Video: Shell CEO Discusses Iraqi Operations
Bloomberg's Eduard Gismatullin interviewed Peter Voser, chief executive officer of Royal Dutch Shell Plc, at the World Petroleum Congress in Doha, Qatar, on Tuesday. His comments on operations in Iraq start about 9 minutes into the interview. (Source: Bloomberg) His comments on operations in Iraq start about 9 minutes into the interview.
DNO Updates on Operations
DNO issued an update this morning on it operations: DNO's WI production from the Tawke Field in October 2011 was 26,649 bopd. DNO’s WI production 2011 YTD from Kurdistan was 35,517 bopd. The production figures from Tawke are reported as follows: The gross production from the Tawke field during October was 42,806 bopd, and this […]
Tags: DNO
Iraq to Cut Civil Service by a Third
Iraq is planning to reduce civil service employment by one third, according to a report from AKnews. Head of the Financial Committee at the House of Representatives, Haidar Edadi told the agency that 125,000 jobs will be reduced to 85,000 "due to budget deficiency for the investment projects." (Source: AKnews)
Tags: civil service, Iraq Budget News
Iraq and US in Talks over ExxonMobil Dispute
Iraq is reported to be in talks with the United States about the exploration deals signed by ExxonMobil in Iraqi Kurdistan without Baghdad's approval, according to a report from Reuters. Deputy Prime Minister for Energy Affairs Hussain Al Shahristani (pictured) said that Iraq was considering several options, not sanctions, over the deal and there was […]
Consultants to Review Iraq Oil Targets
Reuters reports that iraq's oil ministry has asked consultants to draw up a plan with a lower output level and longer timeframe to achieve its oil output plans. Iraq's existing deals with international oil firms aim to boost its output capacity to 12 million bpd by 2017 from around 2.95 million bpd currently. But Iraq […]