Archive | 6th January 2012

Najaf Refinery Output Up 30% in 2011

Najaf Refinery achieved a 30% rise in overall production in 2011 compared to a year earlier, the Director of the Najaf refinery said this week. Leith al-Gharrawi told AKnews that the refinery produced about 7.174 million barrels of petroleum, up from about 5 million barrels in 2010. The production of kerosene was also 30% higher […]

Iraq to Raise January Kirkuk Crude Exports by 3.5%

Bloomberg reports that Iraq will increase its exports of Kirkuk crude for January from the Turkish Mediterranean port of Ceyhan (pictured) by 3.5 percent from last month. The loading program obtained by comprises 18 cargoes totaling 13.88 million barrels, or 447,742 barrels a day, compared with 432,677 barrels a day for December. The cargo sizes […]

Sonoro Energy Shares Jump on Iraq Farmout

Shares in Sonoro Energy rose 11% on Thursday following its announcement that the company, through its wholly-owned subsidiary, Sonoro Energy Iraq B.V. (“Sonoro Iraq”), has entered into a Farmout Agreement with Geopetrol International Holding Inc. and its subsidiary, Geopetrol Iraq Corp. The Agreement provides for the assignment by Sonoro to Geopetrol of a thirty percent […]

Small Victories for Maliki in Parliament

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. […]

600 Unit Housing Project in Kirkuk

AKnews reports that officials in Kirkuk have laid the cornerstone of a 600-unit housing complex worth 16.5 billion Iraqi Dinars (about US$13 million). The project, undertaken by a local Iraqi company, is funded by the province’s petrodollar money. Kirkuk is one of the richest provinces in the country after Basra, which exports the majority of […]

Tags: ,