Iraq's National Investment Commission (NIC) re-announced on Thursday the details of the new Kerbala Monorail, and invited interested parties to contact them: Length of the line (18 KM) Project Type (Monorail) - High Concrete mono rail of two ways known locally as Kerbala Monorail. Number of stations (20) the distance between each station and another […]
The Government of the United States and the Government of Iraq strongly support the preservation and expression of Iraq’s rich heritage, the establishment of a strong Iraqi education system at all levels, and the continuation of robust educational, cultural, and professional exchanges between our nations. The U.S.-Iraq Joint Coordinating Committee on Cultural and Educational Cooperation […]
Iraq has deployed several Multimedia Exchange Network over Satellite (MENOS™) TV interactive terminals from leading satellite communications company Newtec. The terminals will operate within the Arab States Broadcasting Union (ASBU) exchange network. By deploying the technology, broadcasters within Iraq will now have access to their own IP-based and fully automated secure Virtual Network (VN) for […]
The Iraqi Middle East Investment Bank (IMEIB) has achieved a net profit of Iraqi dinar IQD21.6 billion ($18 million) in 2011, according to a report from Arab News. As at the end of 2011, the total cash in hand and at bank was IQD369.7 billion, compared to IQD 343.9 billion in 2010. The monetary credit […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd February 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,345 / $1,476, -0.15% (weekly change). The number of weekly traded shares was 5.4 bn and the weekly trading volume was ID8.5bn ($7.2mn). ISX […]
Following the reports earlier in the week that Petrofac has won a major contract in Iraq, the company has issued the following statement to the markets this morning: Petrofac, the international oil & gas service provider, has been awarded a US$330 million lump-sum engineering, procurement and construction (EPC) contract by Gazprom Neft Badra B.V. ('Gazprom') […]
Bloomberg reports that Iraq has invited companies to submit bids to build a 500-megawatt electricity plant fuelled by natural gas in the eastern province of Maysan [Missan]. An electricity ministry spokesman, Mussab Serri, told Bloomberg that the contract will be awarded in March. The four turbines that will generate the electricity in the plant will […]
In the three months since its creation, the Anglo-Turkish independent, Genel Energy plc, has moved with "remarkable speed to build the foundations of what I believe will become a major regional oil and gas company," its chief executive Tony Hayward said on Thursday. Previewing a presentation he will make to capital markets, Hayward said revenues […]
Iraq is demonstrating its unique position in the Middle East again, flexing its new diplomatic muscle to resolve an oil exporting crisis between the West, OPEC and Iran, according to this article from NIQASH. But who’s behind these efforts: Iran, the US or Iraq itself? Any opinions expressed are those of the author, and do […]
The following pages show some key slides from Genel Energy's presentation on Thursday. You can also click here to read the statement by the chief executive, Tony Hayward.
LUKoil, Russia's largest private oil company, may start production at the giant West Qurna-2 oilfield in early 2014, according to a report from RIA Novosti. "We will launch [production at the oilfield] at the end of 2013 or at the beginning of 2014," company head Vagit Alekperov said on Wednesday. The Russian company will invest […]
Tony Hayward, CEO of Genel Energy, said today that the company will not buy Gulf Keystone Petroleum or DNO International because the entry of ExxonMobil into the region has forced up prices, reports Bloomberg. “It’s too expensive for us ... What changed is Exxon coming in. We don’t need any more Kurdistan.” "We are not […]
