Genel Energy has issued a Trading and Operations Update in advance of the Company's 2013 full year results, which are scheduled for release on 6 March 2014. (The information contained herein has not been audited and is subject to further review). HIGHLIGHTS Kurdistan Region of Iraq ("KRI") independent pipeline infrastructure complete, exports expected to commence […]
As part of its trading statement and operational update this morning, Dragon Oil made the following statement on its operations in Iraq: The consortium (Kuwait Energy 70% and operator and Dragon Oil 30%) has secured a drilling rig from the Iraqi Drilling Company (IDC) to spud an exploration well in 1Q 2014. The work commitment […]
Foreign Minister Hoshyar Zebari and his accompanying delegation arrived the State of Kuwait on January 14, 2014. They were greeted at the airport, by the head of the Arab Ambassador Hamid Failkawi and the Iraqi Ambassador in Kuwait Mr. Mohammed Bahr al-Ulum and Kuwaiti Ambassador in Iraq, Mr. Ghassan Al-Zawawi. The delegation will be headed […]
Mr. Dara Jalil Khayat, the president of Erbil Chamber of Commerce and Industry, recently received Mr. Radvan Coksoz, Vice President of the Chamber of Commerce and Industry of Gaziantep in Turkey, along with members of the board of directors. The sides talked about ways to strengthen trade relations between the two cities. Mr. Coksoz announced in […]
By John Lee. Oilfield services company Baker Hughes Incorporated has warned the markets that it will take a hit of $80 million as a result of the disruption to its operations in Basra. The company said in a statement: "Following the disruption to its business in Iraq during the fourth quarter, Baker Hughes resumed operations […]
Deputy Assistant Secretary for Near Eastern Affairs Brett McGurk completed a visit on Saturday to Baghdad where he met with national and local leaders from across the political spectrum to discuss the security situation in western Iraq. McGurk's itinerary included meetings with Prime Minister Nouri al-Maliki, Speaker Osama Nujaifi, Foreign Minister Hoshyar Zebari, Deputy Prime […]
The President of the Kurdistan Region, Masoud Barzani, today hosted the foreign diplomats and representatives from international organizations based in the Kurdistan Region in order to discuss the latest political and economic developments in Kurdistan as well as in Iraq as a whole. At the outset of the meeting, the Head of the KRG Department […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Deaths in Iraq are rising; dozens have been killed in the last week alone. CNN's Michael Holmes reports:
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, met with Alfred Bratanek, Deputy Head of Mission in the Austrian Embassy in Amman, Jordan along with a joint delegation from the Austrian and Slovenien Foreign ministries, to discuss the opening of a new visa center in Erbil. The Assistant Head of the […]
By John Lee. Iraq's oil ministry has again delayed an international tender for the development of its Nasiriya oil field and the construction of a new refinery, according to a report from Reuters. The auction for the Nassiriya Integrated Project will now take place on 19th June, have been originally scheduled for December, and then 23rd […]
Prime Minister Nori al Maliki on January 13, 2014 chaired the official talks between the Iraqi government and the United Nations represented by its Secretary-General, Mr. Ban Ki-moon, with the presence of Foreign Minister Hoshyar Zebari, Minister of Human Rights and the Acting Ministers of Defense. The Prime Minister praised the role that the United […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. UN Secretary-General Ban Ki-moon on Monday urged Iraqi leaders to place a moratorium on the death penalty. The suggestion was met with a cool response from Iraqi Prime Minister Nuri al-Maliki.
