Archive | 3rd December 2012

TAQA Buys into Atrush Block

By John Lee. General Exploration Partners (GEP) has signed a purchase and sale agreement to sell 53.2% of its participating interest in the Atrush Block to Abu Dhabi National Energy Company PJSC (“TAQA”). In conjunction with the sale, Aspect Energy International, LLC will divest itself of any interest in GEP, leaving ShaMaran Ventures B.V. (a […]

Tawke Export Payment Received by DNO

By John Lee. DNO International was advised by the Kurdistan Regional Government that a payment of USD 160 million was transferred last night for distribution to the foreign members of the Tawke joint venture in partial payment for past oil exports of oil from the Tawke field in the Kurdistan Region of Iraq. DNO's share […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th November 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,608 / $1,740  (+5.6%) (weekly change). The number of week traded shares was 19.7bn and the weekly trading volume was ID23.5bn ($19.6mn). ISX Company Announcements […]

New Election Officials: "Lots Of People Question Our Abilities"

By Mustafa Habib. 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. In September the new members of the much debated Independent High Electoral Commission were finally elected. Some say they’re not up to the job. But their […]