By John Lee. Rigzone reports that the Iraqi oil ministry is planning to auction the giant 'Nasiriya Integrated Project' -- which involves the development of a $4.4-billion oil field and the building of a 300,000 bpd refinery in southern Iraq -- on 19th December. At a workshop in Amman, Jordan, for international companies interested in the […]
By John Lee. The first cargo of Iraqi Kurdistan's crude oil has been sold on the international market, industry sources report. World Bulletin says that the crude, pumped from Genel Energy's Taq Taq oilfield (pictured), was exported by truck to Turkey and sold via tender for loading in April. One trader said the cargo sold […]
In March the Iraq Club celebrated its 1st anniversary with a fun and informative event held in Dubai Marina. The anniversary event was attended by 100 senior energy and infrastructure professionals actively engaged in Iraq. The Club was honoured with a presentation by His Excellency, Ismat Ageed Siddiqi, Ambassador-Consul General to UAE–Dubai. Kyle Stelma, Managing […]
Deputy Prime Minister Emad Ahmad Sayfour this week in Madrid met with Spain’s Minister of Foreign Affairs and Cooperation José Manuel García-Margallo. The meeting marked the first official visit by the Deputy Prime Minister to Spain. In their meeting, Deputy Prime Minister Ahmad said: "This is the first Kurdistan Regional Government mission to Spain and […]
By John Lee. Iraq's Undersecretary for Policy Planning and Bilateral Relations, Labeed Abbawi, has met with the Ambassador of the Federal Republic of Germany, Rita Wagner. During the meeting, the two sides discussed the political situation in Iraq and relations between the two friendly countries. Wagner also touched upon the issue of the detention of […]
According to figures released today by UNAMI, a minimum of 229 civilians were killed and a further 853 were wounded in acts of terrorism and armed violence in Iraq during March 2013. A further 227 members of the Iraqi security forces were killed and 300 were wounded as a result of such attacks. “The United […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A political analyst says there is an increase in violence in Iraq because of the elections and there is a willing or an effort from al-Qaeda to one day attack the Shia and […]
By Ahmed Mousa Jiyad. On behalf of the Iraqi Government and IEITI, Mr. Alaa Mohie El-Deen, General Secretary of Iraqi Extractive Industries Transparency Initiative (IEITI), invited me to attend the EITI Compliance & Second IEITI Report Conference held at Al-Rasheed Hotel on 3 April, and asked me to make a presentation, which took place at […]
By John Lee. Dow Jones reports that Zain Iraq has extended the time frame to launch an initial public offering (IPO) and list its shares on the Iraq Stock Exchange (ISX). While Zain Group’s chief executive had previously stated that it would list the Iraq operation by the end of June, group chairman Asaad Ahmed […]
The following is a statement by Kurdistan Regional Government on what it describes as "the manipulation of the EITI process": The EITI oil transparency report that inexplicably disappeared In 2008, the then federal Deputy Prime Minister, Barham Salih, committed Iraq to achieving compliance with the Extractive Industries Transparency Initiative (EITI), which aims to help citizens […]
Iraq has awarded Thailand with the tender announced last month seeking a minimum of 30,000 tons of rice, and will purchase a total of 80,000 tons of rice from Thailand. Thai rice was amongst the lowest offers in the tender that closed on March 31, which included invited applications from the U.S., Uruguay, Argentina and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th April 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,671 / $1,807 (+1.2%) (weekly change). The number of week traded shares was 16.3bn and the weekly trading […]
