Shares in Genel Energy were largely unchanged following the announcement of a $58 million loss in its first set of year-end results. Highlights Successfully raised $2.1 billion through an IPO in June Established a top-class, highly experienced Board and management team Merged with Genel Energy International, gaining a world class portfolio of assets and readmitted […]
In its announcement this morning of results for the year to end of December 2011, Sterling Energy gave the following review of its operations at the Sangaw North block in Iraqi Kurdistan, in which it has a 53.33% working interest: The Sangaw North block lies in the foothills region of the Zagros fold belt, approximately […]
The Entico Corporation is pleased to announce the Maysan and Thi Qar Reconstruction & Investment Summit on the 12th and 13th of May at the Grand Hyatt Hotel, Dubai, UAE. The event will be held under the patronage of H.E. Dr Khudier AlKuzai, Vice President of Iraq. The southern Iraqi provinces of Maysan and Thi […]
After a long series of attacks against the police, it is the Iraqi government which appears to have been the primary target in the latest bout of attacks in Iraq. A spate of at least 26 bombings and shootings around the country left dozens of people dead on 20 March. Incidents were recorded in Abu […]
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 […]
Reuters reported at the weekend that Iraq's government has received a letter from Exxon Mobil saying the it had frozen its deal with the Kurdistan Regional Government (KRG), but other reports say this has not happened. "We received a letter from Exxon on March 5 saying they are freezing the contract with the Kurds," oil […]
In an attempt to deal with any potential crisis should Iran close the Strait of Hormuz, Iraq has approved a plan to expand its oil export routes by adding capacity from its northern fields and building a pipeline to ship oil from southern oilfields to the Turkish port of Ceyhan (pictured), according to Reuters. "Short […]
Dow Jones reports that the Iraqi Grain Board bought 300,000 metric tons of Canadian wheat from a tender which closed on 13th March 13. The head of the board, Hassan Ismail Ibrahim, told the agency that: 100,000 tons were bought from Jordan-registered Jresat at $361/ton cost and freight; 100,000 tons from Glencore International at $356/ton […]
Remarks by Antony Blinken, Deputy Assistant to the President and National Security Advisor to the Vice President, Center for American Progress, Washington, DC, March 16, 2012: Thank you, Rudy. It is great to be here at the Center for American Progress with you and with John Podesta, a great leader at the White House during […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th March 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,324 / $1,453, -1.4% (weekly change). The number of weekly traded shares was 5.0 bn and the weekly trading volume was ID10.2bn ($8.6mn). ISX […]
UPI reports that the Iraqi government has given assurances to South Korea that it could cover an oil shortage if sanctions against Iran disrupted supplies In response to Western sanctions against Iran, South Korea is looking to replace the 10 percent of its crude oil that it gets from Iran. South Korean officials said they […]
The Oil Ministry expects that Iraq's crude oil reserves will double, the ministry's official spokesman said on Wednesday. "The definite crude oil reserves (143 billion barrels) will double ... due to the ministry's activities in exploration and Iraq's oil licences," Aasem Jihad told Aswat al-Iraq news agency. "We hope that Iraq's fourth round of oil […]
