Iraq’s legislation doesn’t prevent oil companies from signing deals with the central government in Baghdad and with the KRG, as ExxonMobil has done, said Adnan al-Janabi, chairman of Iraq’s Oil and Energy Committee. Speaking on the sidelines of an oil conference in London, he added, "there are no blacklists in parliament". “With or without the […]
AKnews reports that the Iraqi government has allocated $15 billion (17.3 trillion Iraqi dinars) for infrastructure projects in the proposed 2012 budget. At the last budget meeting on 5th December, Baghdad set the budget at $100 billion (115.8 trillion IQD) with a deficit of $13.5 million. Abdul-Hussein Abtan, a member of the House of Representatives […]
Iraq plans to ship 17 cargoes of Basrah Light crude oil from the Persian Gulf in the first half of February, according to a loading program obtained by Bloomberg. This would be two cargoes more than in the second half of January. A total of 28.06 million barrels, or 1.87 million barrels a day, will be […]
The Arab League envoy to Iraq, Ahmed Bin Hili, said on Wednesday that Iraq is ready to host the next Arab League Summit, expected to be held in Baghdad in March. According to AKnews, Bin Hili arrived in Baghdad on 30th January to inspect the preparations for the summit, which has been postponed several times […]
This article was written by Abeer Mohammed, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A decision by Iraq’s Sunni Arab political […]
There was no significant increase or decrease in the number of attacks recorded in Iraq last week but the fatality figure doubled from the previous week. At least 101 people were killed and 216 injured in nationwide incidents. Conditions appear to have worsened since the US military pullout at the end of 2011 and the […]
Northrop Grumman Corporation (NYSE:NOC) has received a $122 million contract to install and sustain Counter-Rocket, Artillery and Mortar (C-RAM) systems at forward operating bases (FOBs) supporting Operation Enduring Freedom and the ongoing United States Mission in Iraq (USM-I). The contract includes options that, if fully exercised, would raise the potential value of the contract to […]
The Ministry of Municipalities and Public Works has announced that 12 British companies have agreed to build water purification plants in five Iraqi provinces, according to AKnews. Jassim Mohammed, media adviser at the Ministry, told the news agency that the new plants will be in the provinces of Anbar, Diyala, Najaf, Dhi Qar and Basra. […]
This article was written by Abeer Mohammed and Anas al-Bdeer, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Reported comments by an […]
The U.S. Embassy has announed the beginning of the application period for the Fulbright Foreign Student Program for academic years 2013-2015. The Fulbright program is accepting applications February 1 – April 30, 2012. This prestigious and competitive scholarship program, launched by the U.S. Congress and the late U.S. senator William J. Fulbright in 1946, allows […]
The World Refining Association (WRA) today announced the return of Middle East Downstream Week (MEDW) 2012. The conference will highlight the significant benefits that can be achieved in the downstream industry through diversification strategies, integrations plans and key business improvements during times of financial unrest where crude is priced at US$100 per barrel. To be […]
Dow Jones reports that the gas capture project with Shell and Mitsubishi in Southern Iraq is expected to start production this year. The head of the South Gas Company, Ali Hussein Khudhier, told the news agency that they expect to produce 50 Mcfd of gas this year. He added that the floating LNG plant and […]
