Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
WesternZagros Resources has made a major oil discovery in the Oligocene reservoir at the Kurdamir-2 exploration well in the Kurdistan Region of Iraq. The Kurdamir-2 well has reached the intermediate casing depth of 2,812 metres, and has drilled through the Oligocene interval. Wireline logs indicate a porous zone of 140 metres thickness within the Oligocene […]
The Turkish company Çalık Enerji will open its 250 mega watt Khairat power station at the beginning of July, the first of 20 stations Iraq hopes to build around the country, reports AKnews. The Deputy Prime Minister for Energy, Hussein al-Shahristani, made the announcement today and told AKnews that the Ministry of Oil will provide fuel […]
Iraq's oil ministry says oil exports in February have declined by nearly 4.5 percent compared to the previous month, as a result of bad weather and sabotage of pipelines. "Iraq exported 58.4 million barrels of crude in February, down from 65.3 million barrels a month earlier and the lowest such figure since November 2010, figures […]
The head of the Basra Investment Commission (BIC) and a number of local officials inspected the Modern Basra City project, implemented by the US-based Wadi Sawa International in al-Sabkh region, near the Sports City. "Basra's governor, accompanied by the head of the BIC, hailed the project's design and the ongoing work which includes the establishment […]
The Kipp Report, citing sources at Iraq's state-owned South Oil Company, reports that Iraq's new offshore oil export terminal had resumed operations at 7.30 p.m. (1630 GMT) on Thursday, and was loading at a rate of 576,000 bpd. Iraq’s Oil Minister Abdul Kareem Luaibi had said earlier on Thursday that bad weather rather than technical […]
AKnews reports that Iraq will stop importing electricity from neighboring countries by the summer of 2013. Instead of depending on foreign countries for electricity, new capacity will be introduced over the next two years to the national grid, and energy production will reach 20,000 MW. Ministry spokesman Musab al-Mudarres told AKnews the ministry currently has […]
Iraq’s Minister of Transport Hadi al-Amiri (pictured) talks to NIQASH about Iraq’s role in alleged Iranian weapons smuggling into Syria as well US spy drones over Iraq monitoring Iranian activities. “It’s a lie,” al-Amiri says. Al-Amiri also talks about how a recent visit to Iraq’s neighbour, Kuwait, could see Iraqi Airways flying again. And he […]
Libya has restored full diplomatic relations with Iraq and plans to send an ambassador to Baghdad, according to a report from AFP. Libya announced in June 2003 that it was breaking off diplomatic ties with Iraq and closing its embassy shortly after the US-led invasion of the country earlier that year, following which foreign diplomats […]
