By John Lee. Oilfield service company Petrofac has announced a contract extension from South Oil Company (SOC) for its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$99 million includes the second phase of the project and will see the Company provide an additional scope of operations and maintenance services. The extension follows […]
By Matthew Gayle. According to Iraq Oil Report, the consortium managing the only producing natural gas field in Iraq's autonomous Kurdistan region is taking the Kurdistan Regional Government (KRG) to court, alleging overdue payments that are likely to total over $2 billion. Dana Gas, a United Arab Emirates fuel producer, began arbitration proceedings in London on rights […]
By Matthew Gayle. According to UPI, Iraqi officials are saying that the military has started taking delivery of Russian arms as part of a landmark $4.3 billion contract signed in October 2012. The officials have not specified which systems have arrived in Iraq or when, but UPI's sources say it's understood they include 10 fully […]
By Ala Jaff. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Erbil Bombings and Police Response: A Critical Point of View The role of the police and the security forces as First Responders immediately following the triple bombings outside the Security Services (Asayish) office […]
By Matthew Gayle. Ukrainian wheat was offered at the lowest price of $326 a tonne c&f free out (ciffo) in a tender from Iraq's state grain board to purchase at least 50,000 tonnes, European traders said on Monday. The offer was for 50,000 tonnes. A separate offer for 50,000 tonnes of Ukrainian wheat was made […]
By John Lee. The Philippine government is pursuing a new agreement with Iraq on the hiring of more Filipino workers, reports The Philippine Star. Philippine Labour Secretary, Rosalinda Baldoz (pictured), said the agreement could fully open the market for Filipino workers. The country has already lifted the ban on workers going to Iraq, but hiring […]
By John Lee. An estimated 112.000 tourists visited the Kurdistan region during Eid festivities, according to a report from Aswat Al Iraq. The region's Investment Commission said the figures were 10 percent less than the previous year. The drpo has been attributed to the recent explosions, the closure of markets and shops, and the higher […]
During opening remarks, organizers of the 5th Baghdad International Film Festival publicly praised the U.S. Embassy for its role in funding the opening and closing ceremonies, festival publications, a photography exhibit, and a two-day photography and cinematography workshop at a local orphanage. Although U.S. officials were unable to attend, the Deputy Minister of Culture joined […]
By Reidar Visser. 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. It’s almost […]
By John Lee. Tehran Times reports that Iraq is set to sign a new contract covering gas imports from Iran. Deputy prime minister Hussain al-Shahristani (pictured) said a gas pipeline being built between Iran and Iraq could become operational in November. The countries signed a four-year agreement in July for the supply of 850,000 Mcf/d of […]
Decisive Operations, a British company that specialises in organisational improvement through leadership development, is partnering with the University of Kurdistan Hewler, UKH, to bring an important tourism workshop to Erbil, the capital of the Kurdistan region of Iraq. UKH is a progressive institution with close links to the Kurdistan Regional Government, KRG. Charged with enriching […]
On October 20th, Ambassador Stephen Beecroft hosted a business roundtable with the representatives of several U.S. companies operating in Iraq. Although the local market presents certain challenges, there is an increasing number of substantial U.S. companies making strategic investment commitments in Iraq. The U.S. government is fully committed to increasing bilateral trade and U.S. investment […]
