Archive | 27th June 2012

Good News from Gulf Keystone's Shaikan-5

Gulf Keystone provided an update on Tuesday on its ongoing appraisal programme at the Shaikan block in the Kurdistan Region of Iraq, which is a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of 10.5 […]

After OPEC, Iraq to Create 'OGEC'?

According to a report from AIN, the Iraqi Government has proposed the development of an 'Organization of Gas Producing Countries', similar to OPEC, which was founded in Baghdad in 1960 as an initiative from the Iraqi government. The Deputy Prime Minister for Economic Affairs, Dr Rowsch N Shaways, said in his speech to the International […]

RW Starts $98m Residential Contract in Samawa

Rotondo Weirich’s (RW) UAE partner company, RW Middle East, has started work on an investment housing contract awarded to the Iraqi Developer Sama Al Douh Contracting and Real Estate Investments by the Iraqi Ministry of Housing. Sama Al Douh has selected RW Middle East to design and build the residential development in Simawah [Samawa], Iraq, […]