In its preliminary results announcement on Thursday, Irish oil and gas exploration company Petroceltic made the following statement on its operations in Iraqi Kurdistan: Petroceltic has been considering making an investment in the highly prospective Kurdistan region of Iraq for several years. We were attracted by the prospective geology of the region, in the shape […]
Russia's Deputy Prime Minister, Dmitry Rogozin, said on Tuesday that both Libya and Iraq continue to show interest in buying Russian-made weaponry despite regime changes in these countries. According to RIA, the minister, who oversees the Russian defense industry, told reporters in Moscow: “The Libyan military leadership and the Iraqi government have shown serious interest […]
The CWC Group has announced its program for the Iraq Petroleum 2012 Conference; focusing on the new joint venture partnerships in Iraq’s oil and gas industry and the best model of cooperation, this international senior level event is a must attend for industry professionals and government officials. Other key topics include: Iraq’s New Upstream Opportunities; […]
The Iraqi Prime Minister, Mr Nouri Al Maliki visited the Copperchase – 4th Dimension Al Ghadeer Village Project on April 9th 2012. Mr Al Maliki’s visit endorses the excellent works carried out by the UK-Iraqi partnership in building low-cost housing as a part of the reconstruction efforts in the country. The Al Ghadeer Village is […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th April 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,285 / $1,402, (+0.3%) (weekly change). The number of week traded shares was 4.8 bn and the weekly trading volume was ID9.3bn ($7.8mn). ISX […]
Statement by the Representative of Iraq at the General debate of the Thirteenth session of the United Nations Conference on Trade and Development (UNCTAD XIII): (Source: United Nations)
Oil finds in Kurdistan dominated the news this week, as WesternZagros announced a major discovery at Kurdamir-2, and Gulf Keystone Petroluem had some good news to report at Shaikan-4. Meanwhile in the south of the country, Lukoil and its partners have started drilling and construction work at West Qurna-2, and a second new floating terminal […]
Reuters reports that Iraq has exported its first cargo of crude oil from its second new Single Point Mooring (SPM) floating terminal in the Gulf on Tuesday. The tanker named "A Whale" (pictured) left the terminal with a cargo of of two million barrels of crude oil destined for India's state-run Indian Oil Corporation. The […]
LUKOIL started production drilling and construction of a key production facility, namely a Central Processing Facility, at the West Qurna-2 field in Iraq on Wednesday. Abdel Karim al-Luaibi, the Iraqi Oil Minister, and also the heads of the Basra province, Iraq's South Oil Company, LUKOIL Overseas and of the major contractor companies Baker Hughes and […]
Telecoms networks company Nessco Group of Scotland reports that it has almost doubled its turnover from £16.8m to £33.1m, for the year ending April 2012. During the year, the company secured two new contracts worth a total of £7 million in Iraq. The first project will support a new offshore manifold and metering platform in […]
Global law firm Diaz Reus and Targ, LLP today [Wednesday] announced the opening of offices in Iraq, further expanding its presence in the Middle East and reinforcing its long term commitment to the region. "As the first major international U.S. law firm to enter post-war Iraq, our new offices provide us with a significant presence […]
The CWC Group has confirmed H.E. Mohammed Tawfik Allawi, The Minister of Communications for the Iraqi Government will present the opening keynote address at Iraq Telecoms 2012, taking place on 12- 14 November in Istanbul, Turkey. He will discuss the role of the Iraqi telecommunications industry as a key driver for economic growth, and will […]
