Reuters, citing two sources at the state-owned South Oil Company, reports that Iraq began loading oil from a long-awaited new floating Single Point Mooring (SPM) platform in the Gulf on Thursday. "We started the loading at 2:45 pm (1145 GMT). The loading process is normal. The situation of pipes and the SPM is stable, and […]
Archive | 2012
New Arabic-Language Website on Educational Opportunities in the US
The United States Embassy in Baghdad announces its new website in Arabic with information for Iraqis interested in studying in the United States. “Study in the USA” provides Iraqi students, teachers, and parents accurate information about U.S. universities and colleges, including information on how to find suitable universities, the application process, and scholarships available for […]
Tags: US Embassy
Wheat Tender
General Contracts Department /MOT announce a tender for purchasing the quantity of 50 000 MT +/- 5% in minimum of wheat from all origins (except romanian origin ) according to the specifications adopted by grain board of Iraq and the final quantity will be specified by the buyer. So for all bidders who are willing […]
Weekly Security Update for 8th March 2012
Levels of violence fell in Iraq last week, although the welcome trend was cut short on Sunday night. Militants wearing security force uniforms shot dead at least 27 police officers in a well-planned attack in Haditha. Not including this total, at least 36 people were killed and 41 injured in nationwide incidents last week. February […]
Iraq: Don't Mess it Up
Iraq is making progress. It is now pumping out 3 million barrels of oil per day for the first time since 1979, it is about to host the Arab League Summit, and its plan to build 2 million new homes is moving ahead. So why have shares in Iraq-focused oil shares taken a bashing this […]
The New Iraq – Discovering Business 2013
The 2013 edition of the definitive guide on doing business in Iraq, The New Iraq – Discovering Business, is underway. Produced by allurentis and in association with the National Investment Commission of Iraq and UK Trade and Investment, it provides a comprehensive framework on conducting business in Iraq and is an invaluable reference source for […]
Tags: Allurentis, National Investment Commission, NIC, The New Iraq – Discovering Business 2013, UK Trade and Investment, UKTI
USAID Success in Helping Iraqi Agribusiness
By Bob Nottelmann, crop production specialist with California Pacific Plant Exports (Cal Pacific) and Ekland Marketing of California (Emco). My colleague, Roy Ekland and I worked as short term technical advisers for the USAID Agribusiness project (Inma) in Iraq. As a result of our work and Inma's support, commercial strawberry production is now a lucrative […]
Iraq Oil Output Over 3m bpd for First Time in Decades
Iraq's oil production has risen above 3 million barrels per day for the first time in more than three decades, according to Reuters. "While I am talking to you today, the Iraqi oil production has exceeded 3 million barrels per day," Deputy Prime Minister Hussain Al Shahristani told a conference in Baghdad on Tuesday. "Loading […]
HSBC Analysts Review Iraqi Oil Valuations
Analysts at HSBC have reviewed on Monday the prospects for companies operating in the Iraqi oil sector, and issued new price targets: Afren: reduces its discounted-cash-flow-(DCF)-based target price to 175p from 179p, and maintains an overweight rating; Dana Gas: maintains an overweight rating and a sum-of-the-parts-(SOTP)-based target of AED 0.64; Genel Energy: initiates coverage with […]
Gulf Keystone Shares Slump on Kurdistan Worries
More than £1 billion ($1.6 billion) was wiped off the value of Gulf Keystone Petroleum (GKP) during trading on Tuesday, as its share price fell by one third to 228.5p. Some of those losses have been recovered on Tuesday afternoon and Wednesday morning, with the shares currently changing hands at 275p. The falls were attrributed […]
Exxon to Decide Iraq Strategy in Days
ExxonMobil has reportedly asked the Iraqi central government to give it a few more days to decide whether or not it will cancel an exploration deal with the Kurdistan Regional Government (KRG). Baghdad has asked the U.S. giant to choose between the KRG deal and the existing contract with central-government to develop the 370,000 barrels-a-day […]
Iraqi Oil Official Flees after Accusation of Corruption
A departmental head at Iraq's South Oil Company (SOC) has reportedly fled the country after being accused of accepting bribes from a subsidiary of Australia's Leighton Holdings to help it secure contracts in southern Iraq. Uday Awad, a member of the Iraqi parliament's oil and energy committee, told The Australian that the head of the […]
Tags: Corruption, Leighton