Kurdistan, along with East Africa and the North Sea, has been identified by an analyst at brokerage Seymour Pierce as a key oil and gas region that is likely to see significant positive momentum this year. Dr Doug Youngson initiated coverage on eleven stocks and picked the three places as his ‘Top Regions’. In Kurdistan, […]
The Iraqi Deputy Prime Minister for Economic Affairs, Rosh Shaways [Rowsch Shaways], has asked government officials to stop threatening oil companies that are operating in Iraqi Kurdistan, according to Bloomberg. “These statements will give a negative picture to investors and violate the state’s public policy of opening the economy and promoting investments in all fields,” […]
Iraq has threatened to expel Leighton Holdings from the country’s lucrative oil and gas fields, following the company's announcement on Monday of an investigation into possible corruption. The deputy head of the Iraqi Oil Ministry’s petroleum contracts and licensing directorate, Sabah Al-Saidi, told The Australian Financial Review he was shocked by claims that Leighton Holdings […]
Basra Investment Commission has approved a project to build 1857 housing units in the Rabet Kabir area. According to AKnews, the investment is valued at $108 million, while Aswat al-Iraq puts the figure at $250 million. An Iraqi company called Falcon is leading the project. The 90 four-storey buildings will accomodate 1440 flats with an […]
Levels of violence fell in Iraq last week. At least 19 people were killed and 55 injured in nationwide incidents. This is a relatively low figure for the country. There was a decline in bombings and shootings countrywide. There were no suicide bombings or abductions reported, although a woman was rescued from captivity during a […]
DNO International ASA, the Norwegian oil and gas company, today announced record operational and financial results for 2011 and unveiled the most extensive drilling program in its 40-year history as it accelerated plans for a listing on the London Stock Exchange later this year. Working interest (WI) production in 2011 more than doubled to 39,966 […]
Iraq aims to more than double oil production in its northern region by the end of 2014, according to a report from AFP. Hamid Abdelrizak al-Saadi, general manager of the North Oil Company, said the planned increases for various fields would bring the total to about 1.3 million bpd, from a current level of about […]
The Kurdistan Regional Government's (KRG) Minister of Sports and Youth, Kawa Mahmoud, has announced that Spanish soccer club Real Madrid is to open four soccer schools in the region. According to a report from AKnews, the opening of the schools has been seen by officials in Kurdistan Region as a significant project that will greatly […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
,تحية طيبة وبعد تدعوك للإطلاع على الحدث المرتقب الذي تنظمه وزارة الخارجية الأميركية في واشنطن العاصمة Iraq Investment & Reconstruction Task Force [email protected]: إذا كانت لديك اي اسئلة بخصوص هذا الحدث الرجاء الإتصال بمكتب العراق في وزارة الخارجية الأميركية على "العمل في العراق " 5/3/2012 في مركز جورج مارشال في وزارة الخارجية الأميركية […]
State Company of Ministry of Industry and Minerals , Geological Survey and Mining , invites all suppliers of the proper experience and specialization to participate in supplying Micro-g-Lacoste Absolute Gravity Meter A10 with its accessories attend to the commercial department at the company head office located in Baghdad -Andulos Square Ibn-Al-Nafees hospital to obtain a […]
BAE Systems in partnership with the Anniston Army Depot (ANAD) are refurbishing 440 M113A2 armored personnel carriers for Iraq through a foreign military sales contract worth more than $31 million. “The M113 refurbishment will give the Iraqi Army a capability which is relevant to a variety of threat environments,” said Joe McCarthy, vice president and […]
