Overview This week’s security update will be an abridged version of our regular weekly report. The total number of reported incidents across Iraq for the period 3-9 September 2012 was 119. This is slightly lower higher than last week’s figure of 11, and above the 2012 weekly average. This weeks reporting was dominated by […]
With the passing of a death sentence on vice-president Tariq al-Hashemi at the weekend, many fear that Iraq is too much under the control of Prime Minister Nouri al-Maliki, and that his grip on power is becoming ever stronger. As an editorial in the Guardian put it on Monday, "Maliki's authoritarianism has some way to […]
Prime Minister Nouri al-Maliki endorses and supports event. High-level delegation from several ministries and headed by deputy prime minister. Financing of Iraq’s reconstruction to be discussed with international banks and investors. Iraq is to welcome foreign investors at a major London convention and offer a stake in the country’s economic and financial future. The major […]
Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, today announces its results for the six months ended 30 June 2012. HIGHLIGHTS Operational - to 30 June 2012 and post period end Shaikan (75% working interest; Operator) [Shaikan-2 is pictured.] · 83% increase in gross […]
Afren, one of the 250 biggest companies listed on the London Stock Exchange, in conjunction with operator Hunt Oil, has commenced exploration drilling at the East Simrit prospect located on the Ain Sifni PSC in the Kurdistan region of Iraq. The Simrit-3 well is located approximately 10 km east of the successful Simrit-2 discovery well, […]
Iraq is participating in the European-Arab Economic Forum, according to the Iraqi Ministry of Trade. Azad Hussein Rashid, deputy director-general of the Foreign Economic Relations Department at the ministry is attending the two-day forum with many business people from Arabic and European countries, as well as institutional investors from Arabic countries and delegates from industry associations. […]
WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") is pleased to provide an operational update for its Kurdamir and Garmian Blocks and a corporate update. KURDAMIR BLOCK Kurdamir-2 Exploration Well Testing of three separate intervals within the approximate 500 metres of gross pay in the Cretaceous reservoir commenced on July 28, 2012. However, the […]
More housing is to be built in Baghdad, as two deals for 2,000 homes apiece were signed for a total of USD365m. Kar Construction & Engineering will build 2,016 homes in the north of Baghdad over four years, after signing a contract for $185m, according to Shaker al-Zamili, president of the Baghdad Investment Committee announced today. […]
As senior politicians in Baghdad get more enraged about oil majors circumventing them to make "illegal" oil deals with Kurdistan in the north of the country, Iraqi newspaper Azzaman believes the oil majors have finally got the message, or have at least started to take it seriously. Just 50 companies have attended an oil expo […]
Iraq's National Investment Commission is inviting representatives from government and regional government, and investors and businesses, to a forum to showcase Iraq's investment opportunities. A delegation will come from the Iraq Britain Business Council, headed by its experienced chairman Baroness Nicholson of Winterbourne (pictured, opening an IBBC office in Basra with the local governor, Dr […]
Oslo-based DNO International has struck more recoverable oil in the northern Kurdistan region of Iraq. The find is at its Benenan-3 well at around 2,000 meters. The company is investigating the discovery further. The find adds to its wells in the Tawke fields, one of which is set to spud in October, which will help […]
Iraq continues to grow its oil production at a good pace. Having recently breached the three million barrels of oil in a day mark, it is now averaging over a month 2.6m b/d, the most in three decades, according to Falah Alamri, the head of the State Oil Marketing Organisation. With Iran's oil production having stalled recently, […]
