According to AKnews, Anbar council has taken a court action against Iraq's Deputy Prime Minister and Energy Minister, Hussein al-Shahristani (pictured), for not agreeing to a proposed investment in what it calls 'metal phosphate cement plants' in the province. The Deputy PM did not approve the project and instead referred it to the Ministry of […]
Lukoil, Mid-East Limited, a designated Operator for the West Qurna (Phase 2) contract area in Iraq, is developing the West Qurna 2 oilfield under the development and Production Service contract signed with the South Oil Company of the Iraqi Ministry of Oil. Legal entities, domestic Iraqi and foreign companies having experience of Design , Supply, […]
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 […]
By T. Keyzom Ngodup, co-founder at Ideas sYnergy. Ideas sYnergy is Iraq’s first multiple bottom line advisory company committed to inclusive economic and social development through market-based solutions that help build and scale youth-driven innovative ideas for social change. Recently, USAID’s Office for Innovation and Development Alliances (IDEA) announced a global request for concepts around […]
ExxonMobil has reportedly reached an agreement with Baghdad to be paid in oil for work on the huge West Qurna-1 oilfield. According to the report from Reuters, foreign oil companies involved in Iraq's oil expansion generally prefer to be compensated for capital expenditure and service fees in oil, because cash payments are more complicated to […]
AKnews reports that Iraqi Kurdistan will be able to produce 400,000 barrels per day (bpd) of crude oil by the end of the year, an increase of 128% from current 175,000 bpd. "The successful policies of the KRG has made it possible for the region to start from scratch and is now capable of produce […]
Leading international well flow management company Expro has secured three further contract wins in Iraq. The trio of contract awards adds to the recent contract success with ENI. Expro will undertake analysis of more than 100 PVT studies in a contract award with Gazprom in the Badra field situated close to the Iranian border. Gazprom […]
Qatar Airways has announced further expansion of its rapidly-growing international network with five new passenger routes, more cargo services and capacity increases to a number of destinations served direct from the airline’s Doha hub. Among the new routes are two new destinations in Iraq – the northern city of Erbil and capital Baghdad. Both routes […]
Three sports stadiums are set to be built in Baghdad under plans announced by Kamel Braihi, the director of the engineering and technical department in Iraq's Ministry of Youth and Sports, reports AKnews. He said the three stadiums, to be built to international standards, will be constructed in Sadr City, Rusafa and Tajiyyat. The contract for […]
The Iraqi Oil Ministry announced on Sunday that it sdecided to implement a deal made with Jordan in August to raise the level of oil production to between 10,000 and 15,000 bpd. Falah al-Amiri, the Director General of SOMO, the State Oil Marketing Organization, told AKnews that the Iraqi government decided to form a committee […]
Gulf Keystone has just issued an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of […]
According to Iraq's own data, aside from possessing the world's second largest crude oil reserves, the country also possesses important gold and diamond reserves. The Iraqi government is thus hopeful that gold mining can be an increasingly profitable venture for the country. According to officials in Baghdad, Iraq has huge gold producing potential. Nevertheless, senior […]
