Archive | 13th July 2012

Tensions Rise as Kurdistan Trucks Oil to Turkey

By John Lee. Turkey has started importing the crude oil from the Kurdistan Region of Iraq, and will hold negotiations over direct sales to the natural gas. The Turkish Energy Minister said in a press conference on Friday that “Turkey has started importing five to ten trucks of crude oil per day from Kurdistan, and […]

Foreign Minister Opens Iraqi Embassy in Paris

By John Lee. Iraq’s Minister of Foreign Affairs, Hoshyar Zebari, inaugurated the new Iraqi Embassy building in the French capital, Paris, on Thursday following refurbishment work on the building. Present at the ceremony were; Iraqi Prime Minister’s Counselor, Dr. Fadhil Mohammed Jawad, Minister Delegate for the French Foreign Ministry for Development Affairs, Pascal Canfin, Representative […]

Splitting Iraq: How Likely is an Independent Kurdistan?

By Shwan Zulal. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The disputes between Baghdad and Iraqi Kurdistan have led some local politicians to call for the semi-autonomous region to secede from Iraq and become its own […]

Shell to Start Pumping Gas in Southern Iraq

By John Lee. Shell plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks according to Reuters. Initial production will be 60 million cubic feet per day, but Shell’s Iraq boss Hans Nijkamp told Deputy Prime Minister Hussain al-Shahristani that output would be increased by a further […]

KRG PM Barzani Announces Duhok International Airport

By John Lee. KRG Prime Minister Nechirvan Barzani this week announced that the foundation stone for Duhok International Airport will be laid within two months. The future airport will further strengthen tourism and trade links in Duhok, which is one of Iraq’s most prosperous governorates. The premier’s news came in a statement also unveiling broader […]

Baker Hughes Rig Survey Includes Iraq for First Time

By John Lee. Baker Hughes has included Iraq in its international survey of rotary drilling rigs for the first time since 1990. The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. […]

UK Men Charged with Selling Fake Bomb Detectors to Iraq

By John Lee. British Police have charged six people over the sale of allegedly fake bomb detection equipment to foreign countries, including Iraq. James McCormick, 55, who has been charged with six counts of fraud, was the director of British-based security company ATSC that sold explosive-detecting devices, according to Reuters. The ATSC website says its […]

Iraq Business News is Gold Media Partner for Iraq Finance 2012

Iraq Finance 2012 is the first major international conference and exhibition on banking and financial institutions in Iraq, and Iraq Business News is delighted to be Gold Media Partner for the event. This landmark event is supported by all senior decision-makers in banking / finance and is aimed at regenerating Iraq’s financial sector, both public […]

Iraqi Foreign Minister Praises Work of IBBC

Iraq’s Foreign Minister Hoshayar Zebari [Hoshyar Zebari] (pictured) thas been praising the Iraq British Business Council (IBBC) for what he called: “its remarkable work.” He was speaking at a meeting in the House of Lords where he was guest of honour. Mr Zebari told the All Party Political Group, Foreign Affairs that Britain lagged far […]