By John Lee. Syscom 18, the Romanian company specialising in industrial automation and measuring systems, has won a contract worth three million euros in Iraq. The project involves the "design, construction, installation, electrical and automation side and starting operations of 40 fiscal metering systems", to be integrated into two power plants; project completion is scheduled […]
By Gary Sandiford, Olive Group’s Dubai based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a […]
By John Lee. Oil ministry spokesman Assem Jihad said on Tuesday that the country's oil exports averaged 2.62 million bpd in November, the same rate as in October. 78.6 million barrels were exported for the full 30-day month at an average price of $104.35 per barrel, giving total revenues of about $8.2 billion. This was […]
By John Lee. The Iraqi Housing Fund has approved about 39,000 housing loans since it started operations in March 2005, and the rate of activity is accelerating. The fund's general director, Burhanuddin al-Bassam, told Mawtani: "In previous years we processed dozens of citizens' applications for loans every day, but now the numbers range between 700 […]
By John Lee. Iraq is to give a $5 million aid to support the development process in Yemen, Iraq's ambassador to Yemen said on Tuesday that Iraq is to give a $5 million to support the development process in Yemen. Speaking to the Yemeni news agency Saba, Asad al-Samarai said many agreements were signed between […]
By John Lee. Baghdad retains its position as the city with the world’s worst quality of living, according to the Mercer 2012 Quality of Living Survey. Vienna retains the top spot; Zurich and Auckland follow in second and third place, respectively, and Munich is in fourth place, followed by Vancouver, which ranked fifth. Düsseldorf dropped […]
The U.S. Embassy, through the United States Agency for International Development (USAID), celebrated the completion of the USAID nine-year, $740 million Community Action Program, during a transition ceremony in Baghdad on November 27, 2012. From Dohuk to Al Anbar to Basrah, the Community Action Program helped local communities complete 10,000 projects, from schools and water […]
By John Lee. The European Parliament's foreign affairs committee on Monday backed a historic deal that establishes the first ever contractual relationship between the EU and Iraq. MEPs recommended that the full House endorse the partnership and cooperation agreement (PCA) but listed concerns over human rights and political failings in Iraq and called for a […]
Speech by KRG Prime Minister Nechirvan Barzani to the CWC Kurdistan-Iraq Oil and Gas Conference Excellencies, distinguished guests, ladies and gentleman, welcome to Erbil. Welcome to the Kurdistan Region of Iraq. I am happy to participate with you all today, to listen, to learn about, to discuss and debate the vital issues surrounding the oil […]
By John Lee. The Iraq Stock Exchange says that Iraqi telecom operator Asiacell will start publicly trading its shares as of 3rd February. Associated Press also report that it will be the first stock float since the reign of Saddam Hussein. An Initial Public Offering (IPO) of 25 percent of the company's shares will take […]
By John Lee. Iraqi Prime Minister Nouri Al-Maliki and Eni’s CEO Paolo Scaroni (pictured) met today in Baghdad to discuss Eni’s activities in the Country. During the meeting, which the company described as "cordial", Eni’s CEO updated the Prime Minister on the development activities of Zubair’s super giant field and confirmed Eni’s commitment and presence […]
By John Lee. Reuters reports that oil exports from Iraqi Kurdistan have halved to around 100,000 bpd in recent days. An Iraqi oil official said on Monday that the Kurdistan Regional Government had told Baghdad's State Oil Marketing Organization (SOMO) that exports were reduced because operators were "facing some technical problems that will take some […]
