Iraq has reportedly asked several international companies to submit bids for the supply of 10 passenger trains. Bloomberg reports that France's Alstom, and China's Datong Electric Locomotive Company have been invited to submit bids, as have manufacturers in Turkey, Iran and Croatia. Jawad al-Kharsan, a spokesman for the national railway company, said the winning company […]
Myanmar and Iraq are among the highlights of Qatar Airways' announcement of launch dates for new routes in the Middle East, Africa and Asia with capacity hikes being introduced to a number of other international destinations from the carrier's Doha hub. Speaking at Arabian Travel Market (ATM), the Middle East's premier travel trade event taking […]
Genel Energy has issued the following update on its operations at the Chia Surkh block in Kurdistan: On 16 January 2012, Genel Energy plc ("Genel Energy") announced that it had entered into transactions with Forbes & Manhattan (Kurdistan) Inc. (a subsidiary of Longford Energy Inc.) ("F&M") and Petoil Petroleum to increase Genel Energy's interest in […]
DNO International ASA, the Norwegian oil and gas company, today released its Annual Statement of Reserves setting total remaining proved and probable (2P/P50) reserves at 371.9 million barrels of oil equivalent on a working interest basis as of year-end 2011. The figure represents the Company's commercial reserves, class 1-3, under the Norwegian Petroleum Directorate classification […]
Heritage Oil has announced the appointment of Colonel Mark Erwin (Retd.) as an independent Non-Executive Director of the Company with immediate effect. Mr. Erwin, aged 49, served in the United States Army for over 25 years culminating his career as the Chief of Staff of the United States Army Special Operations Command, which oversees all […]
The Middle East Association, in partnership with Eversheds LLP, is holding a seminar in London entitled “Doing Business In Iraq: Establishing A Presence And Staying Within The Law”. This seminar will take place on Tuesday 26th June, from 16:30 until 18:30. Iraq’s recent history has been dominated by conflicts and economic sanctions. But the country […]
شاركت الملحقية التجارية العراقية في الولايات المتحدة بمنتدى التجارة العالمية مع الشرق الاوسط وأفريقيا وجنوب آسيا الذي نظمته وزارة التجارة الأمريكية في جامعة ثندربرد للإدارة العالمية بمدينة كلانديل بولاية أريزونا يومي 24 و25 نيسان. وشمل المنتدى فعاليات متعددة منها 13 حلقة نقاشية شارك فيها الملحقين والمستشارين التجاريين الأمريكان في أكثر من 20 دولة منها 11 […]
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 […]
Lukoil, Russia's second-largest crude oil producer, has confirmed that it will be able to develop Iraq's West Qurna-2 oilfield without partners. "Today we are able to implement this project by ourselves," president Vagit Alekperov told reporters in the Spanish city of Barcelona on Friday. Reuters reports that production from the field will reach 150,000 barrels […]
Starwood Hotels and Resorts Worldwide has signed an agreement with BCD Co. to manage a new-build Sheraton hotel in Erbil, Iraq. Scheduled to open in 2015, the Sheraton Erbil Hotel will mark the re-entry of Starwood in the country after 20 years. Located in the new part of the city, approximately 10 minutes from Erbil […]
Reuters reports that Iraq has bought 300,000 metric tons of wheat and 150,000 tons of rice According to Hassan Ibrahim, Director General of the Iraqi Grain Board, the rice was all from Thailand, while the wheat was: 150,000 tons from Australia; 100,000 tons from Canada; and, 50,000 tons from Kazakhstan. (Source: Reuters)
Britain’s Ambassador to Iraq on Friday concluded a one-week visit to the Kurdistan Region by meetingwith President Masoud Barzani and Prime Minister Nechirvan Barzani. He visited all three of the Region's governorates, meeting students, officials and civil society representatives. Ambassador Michael Aron met with Kurdistan Regional Government (KRG) officials and visited all three provinces of […]
