CNOOC and Turkish Petroleum Corp. have signed a 20-year contract to develop the Missan oil-field in southern Iraq By Chen Zhu CNOOC Ltd., the Hong Kong-listed unit of China National Offshore Oil Corp. has partnered with the state-run Turkish Petroleum Corp. (TPAO) to win a contract with Iraq to develop the lucrative Missan oil-field in […]
Minister says $1b project to raise export capacity to 4.5m bpd by 2012 is on track Iraq expects crude output to increase by about 600,000 barrels per day (bpd) through 2011, based on initial plans from global firms for oilfields that were auctioned off last year, a senior oil official said yesterday. Deputy Oil Minister […]
Shares in Gulf Keystone (GKP.L) rise 18 percent, making the oil explorer one of London's top risers, on positive sentiment after Iraq approves a Kurdish oil exports deal which could allow oil exports to resume from the semi-autonomous region. [ID:nLDE64H1NN] "The agreement shouldn't really do much to Gulf Keystone because they don't plan on exporting […]
Iraq’s government approved an accord between the oil ministry and Kurdistan to export crude produced in the semi-autonomous region through a marketing company, paving the way for shipments to resume. Companies including DNO International ASA and Genel Enerji AS halted oil exports from Kurdistan in October, about four months after they started, because there was […]
The Iraqi Stock Exchange (ISX) went down for the second consecutive day by 0.3% to close at 94.3 points, while trading activities hit 853.235 million Iraqi dinars. Today’s session saw trading over shares of 28 out of 84 electronically-registered firms, 11 of them went down, 8 up while 9 others retained their previous rates, with […]
A delegation from Basra headed by the province’s governor has travelled to Europe on Monday to discuss issues related to Basra rehabilitation. “The delegation will stay in Holland until May 23,” a provincial media source told Aswat al-Iraq news agency. He explained that after visiting Holland, the delegation will travel to Britain in a 4-day […]
Basra Provincial Council will be voting on the new projects on Tuesday (May 18). “The projects are funded by Basra revenues from oil production and border points,” a source from the council told Aswat al-Iraq news agency on Tuesday. He noted that the council will have a meeting tomorrow to approve the projects. The oil-rich […]
Eighteen foreign correspondents who have long covered Iraqi Kurdistan sharply criticised the region's government on Sunday over a deterioration in the work conditions of Kurdish reporters. In an open letter to the president of the autonomous region Massud Barzani and Iraqi President Jalal Talabani, himself a Kurd, they pointed to the so far unsolved murder […]
The General Manager of the Department of External Relations and Information, Ministry of Communications Ms. Khairiya al-Musawi, met second secretary Francisco Fidel from the Italian Embassy, to discuss cooperation between the two countries in the area of e-government . They also discussed the possibility of cooperation in training in Information and External Relations, to take […]
The linking of the barge line of Umm Qasr with an electrical transformer station as been completed, in order to supplement the national grid by 125 MW. The Executive Director of the project said that the work had been completed in spite of obstacles encountered by the engineering and technical staffs during project implementation. Theses […]
The Ministry of Water Resources announced that its technical and engineering staff has completed irrigation work assigned to it in Anbar province. According to the statement of the Ministry, it has completed work lining channel A/MC3 (length 4,2 km), as well as the main channel MC1, with four sub-channels plus dam maintenance work. Landslides in […]
Kuwait-based Agility has said its first-quarter profit had dropped 52% and predicted declines in the next four quarters, Bloomberg has reported. Net income fell to KD17.6m ($61m) as revenue dropped 17% to KD127.5m, the firm said. 'Agility is likely to face declining profitability over the course of the next four quarters, as a result of […]
