Iraq's Deputy Prime Minister, Roz Nouri Shawees [Rowsch N Shaways] (pictured), has praised relations between Iraq and Russia in all fields, but particularly in the oil and gas sectors. In an interview with Russia Today TV, he said that "Iraqi doors are open to all Russian companies". He pointed out that Iraqi oil bids are transparent, and […]
Levels of violence fell in Iraq last week, but the overall number of attacks was still above average. At least 69 people were killed and 179 injured in nationwide incidents. A total of 48 bombings left 42 people dead and over 160 injured. A rise in small arms attacks left 27 people dead and 11 […]
Earlier this month, the Iraq Securities Commission (ISC) announced that it would be moving against violations of its Regulation 16, which covers insider trading. Effective July 1, the Commission threatened to bar violators from trading and to cancel their trades. Regulation 16 defines insiders as including members of a company’s board of directors and their […]
Delegates to CWC‘s Iraq Petroleum 2012 conference in London last week received an update on the country's refining capacity and plans from H.E.. Dr Bayazeed Hassan Abdullah, MP, member of the Oil and Energy Committee of the Iraqi Parliament. He said the twelve existing refineries have a combined capacity of up to 886,000 barrels per […]
Mr Hans Nijkamp, the head of Shell's operations in Iraq, has highlighted the success in removing explosive remnants of war (ERW) at the Majnoon oilfield, in which Shell has a 45% stake. Speaking at CWC‘s Iraq Petroleum 2012 conference in London last week, Nijkamp said that more than 12 million square metres had been cleared […]
Gulf Keystone provided an update on Tuesday on its ongoing appraisal programme at the Shaikan block in the Kurdistan Region of Iraq, which is a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of 10.5 […]
According to a report from AIN, the Iraqi Government has proposed the development of an 'Organization of Gas Producing Countries', similar to OPEC, which was founded in Baghdad in 1960 as an initiative from the Iraqi government. The Deputy Prime Minister for Economic Affairs, Dr Rowsch N Shaways, said in his speech to the International […]
Rotondo Weirich’s (RW) UAE partner company, RW Middle East, has started work on an investment housing contract awarded to the Iraqi Developer Sama Al Douh Contracting and Real Estate Investments by the Iraqi Ministry of Housing. Sama Al Douh has selected RW Middle East to design and build the residential development in Simawah [Samawa], Iraq, […]
The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency, according to a report from AKnews. The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order […]
At CWC‘s Iraq Petroleum 2012 conference in London last week, the head of Shell's operations in Iraq gave a detailed account of progress at the Majnoon oilfield, in which Shell has a 45% stake. Mr Hans Nijkamp said that Shell Iraq Petroleum Development manages all contracts on behalf of the Majnoon venture, and that there […]
The Foreign Minister of Poland was joined by Prime Minister Nechirvan Barzani and the Foreign Ministers of Sweden and Bulgaria to officially inaugurate the new Polish consulate office in Erbil today. The plans to establish a presence in the Kurdistan Region were announced last year by Poland’s Ambassador to Iraq, Mr Stanislaw Smolen, and were […]
Iraq's Deputy Prime Minister says ExxonMobil is still engaged with the West Qurna-1 oil-field in the south of the country. At CWC‘s Iraq Petroleum 2012 conference in London last week, Dr Rowsch N Shaways told Padraig O’Hannelly for Iraq Business News : "To my knowledge, Exxon is still operating in the South, with current contracts. […]
