By John Lee. Patrick Schorn, Schlumberger's president of operations and integration, has said that the company expects the temporary shutdown of its operations in North Rumaila last month to reduce fourth-quarter profits about 2 percent. Reuters quotes him as saying: "With strong support from the authorities, we are almost back to normal activity levels at this […]
By John Lee. Bombardier Aerospace has announced that Iraqi Airways, the national carrier of Iraq, has signed a firm purchase agreement to acquire five CS300 mainline jetliners. The agreement, which also includes options on 11 CS300 aircraft, follows a letter of intent (LOI) to purchase the aircraft that was announced by Bombardier on November 19 […]
By John Lee. The Iraqi Ministry of Construction and Housing announced on Tuesday the launch of three housing projects across the country. Al-Shorfa reports that the projects, which are expected to cost a total of 125 billion Iraqi dinars ($107 million), are intended to alleviate the country's housing crisis. The projects comprise 900 housing units, […]
By John Lee. Oryx Petroleum today announced a successful oil discovery at Zey Gawra in the Hawler license area. The ZEG-1 well was flow tested at an average rate of 4,800 barrels per day of light crude oil from an 81 metre column. A Notice of Discovery has been filed by the Corporation with the […]
By John Lee. Reuters reports that Baghdad and Erbil appear to have found a formula that will allow Iraqi Kurdistan to export oil to Turkey through a new pipeline. Following a meeting in Baghdad on Sunday with Iraq's Deputy Prime Minister for Energy, Hussain al-Shahristani, Turkey's Energy Minister, Taner Yildiz, said on Tuesday that an […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey and Iraq have worked out a new oil pipeline deal. The idea has caused a serious rift with Baghdad, which says it has the sole right to control sales of oil and […]
By John Lee. The President of Belarus, Alexander Lukashenko, has said there is a need to intensify trade and economic relations with Turkey and Iraq. According to a report from BelTA, he said Iraq is showing an increasing interest in Belarus, receiving more and more cooperation proposals from Iraqi businessmen and politicians. Addressing Andrei Savinykh, […]
The United Nations Assistance Mission for Iraq (UNAMI) intends to solicit bids for the Purchase of Web Security Appliances and Ancillary Items. For this purpose, UNAMI will undertake a competitive bidding exercise shortly and issue accordingly an Invitation to Bid (ITB) with detailed specifications, UN General Conditions of Contracts and other related documents to those […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. China and CNPC are Consolidating Further their Positions in Iraq Petroleum Sector Four years after the first bid round took place, some international oil companes (IOCs) are consolidating their positions. while others […]
KRG Prime Minister Nechirvan Barzani, speaking at a conference in Erbil today (Tuesday), highlighted Kurdistan Region’s contribution to the global energy market and reiterated Kurdistan’s commitment to the Iraqi constitution in the Region’s dealings with Turkey. The Prime Minister referred to the discussions over the past two years between the Kurdistan Regional Government and Turkey […]
By John Lee. Transparency International has said that Iraq has fallen one place in its global Corruption Perceptions Index (CPI). From at total of 177 countries, Iraq came in at number 171, putting it in 7th-last position. This result puts it ahead of countries such as Libya, South Sudan, and Somalia (which came last), and […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi Foreign Minister has visited Kabul to discuss security concerns with his Afghan counterpart. Last year American combat troops left Iraq after the two countries failed to reach a deal. Since […]
