By John Lee. Vodafone, the world’s second-largest mobile-phone company, is said to be nearing an agreement with Zain to expand access to networks across countries including Saudi Arabia, Iraq and Bahrain. According to a report from Bloomberg, the deal would let UK-based Vodafone lower roaming fees and share handset- purchasing costs. Vodafone is seeking to tap […]
By John Lee. The Iraqi government has reiterated commitments to take all legal actions against the French energy giant Total for signing contracts with Kurdistan region. “We will take legal actions to force the company to sell its share (25%) of al-Halfaya oilfield", said Deputy Prime Minister Hussein al-Shahristani (pictured). Total "was requested to withdraw […]
ShaMaran Petroleum has announced its financial and operating results for the three and six months ended June 30, 2012: Highlights The Appraisal Work Program and Budget on the Atrush Block has been approved by the KRG. The Program consists of 3D seismic and a number of appraisal wells and studies. The Atrush-2 appraisal well was […]
UAE exhibitors to take firm role at international event in Basra as opportunities in Iraq continue to increase The UAE’s oil and gas industry is expected to make a major impact at the third annual Basra Oil & Gas International Conference and Exhibition officially supported by Ministry of Oil and organized by Expotim & Pyramids […]
By John Lee. Un-named US officials have said that the first batch of F-16 fighter jets bought by Iraq are due to be delivered in September 2014, according to a report from AFP. Washington agreed last year to sell 36 F-16 jets to Baghdad as part of a package of deals worth $12 billion covering […]
By John Lee. A spokesman from the parliamentary oil and gas committee has said that $27 billion has been spent on the electricity sector in Iraq since 2003, and that vast amounts of money have been wasted through corruption. According to AKnews, Qasim Mohammed said: "Iraqi Deputy Prime Minister for Energy Hussain Shahristani will be […]
By John Lee. VSE Corporation has reported that its International Group has received a $37.6-million order to provide engineering and training services to the Iraqi Navy in Umm Qasr. The delivery order is for the continuation of work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval […]
By John Lee. Genel Energy, the London listed exploration and production company and largest independent oil producer in the Kurdistan Region of Iraq, has announced its half year results for the six months to 30 June 2012. Shares in the company closed at 700p on Thursday, up just 0.8%. Highlights Expanded our position as the […]
By Padraig O'Hannelly. For readers interested in investment opportunities in Iraq, I think it's fair to say that our Expert Bloggers have excelled themselves in recent weeks. Following the analysis of Iraq's banking sector by InvestAD's Sherif Salem earlier this month, Mark DeWeaver of Quantrarian Asia Hedge has been picking through the balance sheets of […]
By Gary Sandiford, Olive Group’s Dubai based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a […]
By John Lee. Shares in DNO International, the Norwegian oil company with interests in Iraqi Kurdistan, were down 4% at lunchtime on Wednesday following the announcement of second quarter results: DNO International ASA, the Norwegian oil and gas company, today released results for the second quarter of 2012 with operating revenues of NOK 155 million, […]
By John Lee. The Chief Executive of Italian oil and gas group Eni says the company does not plan to compromise its business in Iraq by making energy deals with Kurdistan. Paolo Scaroni (pictured) said that one of the conditions for developing the Zubair field was that there could be no deals with local governments […]
