By John Lee. Dana Gas has reportedly denied speculation that is about to spin off its assets in Iraqi Kurdistan. Shares in the Abu Dhabi-based energy firm had risen on the rumours, but a spokesman said: "There is absolutely no basis to rumors of spinning off or selling Kurdistan or any other assets, and the […]
By John Lee. Mondi has recently started full production at its new industrial bags plant in Sulaimaniyah. Together with local partner, Kaso Group, this greenfield project is set to strengthen Mondi’s industrial bags business in the expanding Middle East and North Africa region (MENA). The plant specialises in valve bags for the cement and building […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s Petroleum Upstream Development and the Challenges of Managing the Plenty Extended Abstract based on PowerPoint presentation delivered before the Natural Resource Charter -NRC Annual Conference “Investing Natural Resource Wealth for Sustainable […]
By John Lee. FARS news agency reports that Iran and Iraq have struck an agreement to cooperate and exchange technical data about the development of shared oil and gas fields. Masoud Jabbari-Rad, director for coordination and supervision of oil and gas production at the National Iranian Oil Company, noted that the two countries share extensive […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. On Wednesday Kurdish rebels say they'll start pulling their fighters out of Turkey into Iraq as part of a peace plan with the Turkish government. The Kurdistan Workers Party, PKK, was founded in […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The number of people fleeing the conflict in Syria continues to rise. Iraq's central government has closed its borders to most refugees but the Kurdish region has welcomed 90 percent of those seeking […]
Singapore-based Sansar Capital Management has issued a comprehensive new report on the Iraqi banking sector. The report finds that while the mix of an improving macro environment and security situation offer attractive investment ingredients, many challenges remain for those interested in participating through public markets. Nevertheless, Iraq remains one of the most under-banked countries in […]
Shell Iraq Petroleum (Shell) has awarded a commissioning services contract to Wood Group-CCC (WGCCC), a company equally owned by Wood Group PSN (WGPSN) and Consolidated Contractors Company (CCC), providing operations and maintenance services to the oil and gas and petrochemical industries in the Middle East. The contract is to commission the first phase of the […]
By John Lee. Iraqi authorities took a decision on Monday to allow 140 Jordanian trucks to enter through the Traibil [Turaybeel, Tirbil, Tarbiel, Trebil] border crossing, according to Jordan's ambassador to Iraq, Mohammad Al Quraan. Jordanian government news agency Petra reports that the decision came following continuous efforts by the Jordanian government, through its embassy in […]
The Executive Chairman of the Iraq Britain Business Council (IBBC), Baroness Nicholson (pictured), has announced the biggest ever British trade mission to Iraq. In a massive push to boost UK business in Iraq the IBBC will take a 100 companies to Baghdad, Basrah and Erbil in mid-June. A senior UK government minister will co-lead the […]
DNO International has announced first quarter 2013 net profit of NOK 169 million on operating revenue of NOK 581 million, but the company's shares fell by more than 1 percent. During the quarter, operational cash flow of NOK 547 million exceeded capital spending of NOK 368 million and contributed to an increase in the Company's […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has recorded a steady population growth, which reached its peak last year at 2.9% — one of the highest rates in the world, officials say. The growth comes at a […]
