By John Lee. The Basra Gas Company (BGC) -- a joint venture between the state-run South Gas Company (SGC), Shell and Mitsubishi -- is processing around 400 million cubic feet per day (mcfd) of gas, and is on track to treat 2 billion cubic feet per day by 2017. SGC general director, Ali Khudhier, told […]
By John Lee. Chinese fast-food chain CaliBurger has announced that it has signed a franchise agreement to begin opening CaliBurger restaurants in Kuwait and Iraq. According to a report from Fast Casual, the franchisee, Ali Hashem, will have rights to open multiple units in Kuwait and serve as the master franchisee for Iraq. Hashem is […]
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. The Iraqi Oil Ministry has said that the country's export capacity will reach 7 million barrels per day by 2015, while the parliamentary Energy Committee believes that the size of Iraq's […]
By Mustafa Habib. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. My way or the highway: PM changes iraqi political format forever In passing the 2013 budget, Iraq’s PM switched from consensual, quota-based law making to his […]
By John Lee. Pakistan Petroleum Limited (PPL) has started development and exploration of gas Block 8, according to a report from Pakistan Today. Iraq signed the final contract with the company in November, giving it the right to explore an area of 6,000 sq km in the Diyala and Wassit provinces in eastern Iraq. PPL […]
By John Lee. Kuwait-based Agility Public Warehousing company, has announced that through its fully owned subsidiary in Iraq has been awarded a 3-year logistics contract from Shell Iraq Petroleum Development B.V. As part of this contract, Agility will be managing all related freight forwarding services for the contract from different locations around the world into […]
By John Lee. Georgian Airways has started flights between Iraq and Georgia. Operating twice a week, on Thursdays and Sundays, the flights run between the Georgian capital Tbilisi and Erbil International Airport. A one-way ticket costs $250, with a round trip ticket costing $425. (Source: Georgian Airways)
By John Lee. Singapore-listed KS Energy (KSE) signed a contract recently to supply its KS Discoverer 4 land rig (pictured) to the Taq Taq Operating Company (TTOPCO) in Kurdistan. The rig will be contracted for one year or until the completion of one exploration well and two development wells, whichever is later. TTOPCO has the […]
By John Lee. During its participation in the 24th Arab Summit held in Doha, the Iraqi delegation headed by His Excellency the Vice President Dr. Khudair al Khuzaie, with Foreign Minister Hoshyar Zebari and their accompanying delegation, met a number of Arab kings, presidents and leaders. The delegation met Emir of Qatar Hamad bin Khalifa […]
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW After the elevated levels of violence last week, especially high impact bombings, Iraq has this last week seen a hiatus in insurgent attacks and activity. Whilst the daily churn of violence remains omnipresent and suggest a continued strengthening of the Sunni insurgency, the country has been spared […]
"[Iraq] doesn't have to be perfect, it just has to work better." Those were the words this week of BBC's World Affairs Editor, John Simpson, a man very familiar with the workings of Iraqi society. And while no country is perfect, we can find a long list of countries that work better than Iraq at […]
By John Lee. The South Korean news agency Yonhap reports that there has been a "significant" oil discovery in the Hawler field in Iraqi Kurdistan. State-run Korean National Oil Corporation (KNOC), which owns 20 percent of the field, said it yielded 10,000 barrels per day during initial testing. Swiss company Oryx Petroleum has a 65 […]
