Sterling, the AIM listed independent oil & gas exploration and production company with interests in Africa and the Middle East has provided the following update on its activities: The Sangaw North #1 exploration well is currently drilling ahead at 1,505 metres. Since the last update on 7 May 2010 two intermediate casing strings have been […]
Author Archive | adrianshaw
New CEO for Zain Iraq
Zain Group has announced the appointment of Mr Emad Makiya as the Chief Executive Officer of Zain Iraq, effective June 15, 2010. He is replacing the Group's Chief Executive, Mr Nabeel Bin Salamah who took direct management of the subsidiary in April. The then CEO, Mr Ali Al Dahwi was removed from the post without […]
Tags: Telecoms/Comms
Mid East Mobile Users spend $20 a Month on calls
The Middle East region is one of the most dynamic mobile markets in the world with a 23% increase in subscriber base and 12% increase in revenues in 2009 according to the latest market analysis from Dataxis Intelligence. It also has one of the highest mobile revenue per user per month (Arpu) with an average […]
Tags: Telecoms/Comms
Building and Reconstruction Award to Minister of Communications
The Observer Foundation has honoured the Minister of Communication, Eng Farouk Abdel Qader Abdel-Rahman, with a building and reconstruction award for outstanding efforts made to obtain the fourth mobile phone license. Abdul Rahman was praised during ceremony for the prominent role the ministry played to get this license. As a result advanced and modern services […]
Tags: Telecoms/Comms
Ministry Minimizes Farming Shortfall
The Iraqi Agriculture Ministry has been able to minimize the farming shortfall, said a high ranking official from the ministry. “This was achieved by prohibiting the import of some agricultural products,” the source told Aswat al-Iraq news agency on Wednesday. He noted that governmental financial support to farmers has boosted agricultural production in Iraq. ( […]
Tags: Agriculture
Iraq Receives $440m Loan from IMF
The Iraqi Finance Ministry has received $440 million as a loan from the International Monetary Fund “The loan is processed according to an agreement between the two sides through which Iraq should get an amount of $3.6 billion in total from the International Fund Monetary,” the Iraqi ministry said in a release on Wednesday received […]
HSBC Expects Iraq Profits to Soar
HSBC has said that it is "remarkably bullish on Iraq" and expects bank profitability in the country to increase by 100 times within 10 to 20 years, Bloomberg has reported. "There is more lending activity as the economy gets stronger," James Hogan, country manager of HSBC Holdings said. HSBC entered the Iraq's post-war banking sector […]
Natural Gas could Make Nabucco Pipeline Feasible
A minister from the semi-autonomous region of Northern Iraq said the area could provide natural gas to make the Nabucco pipeline feasible, EurActiv reported with reference to Northern Iraqi Energy Minister Ashti Hawrami. "We can provide 14 or 15 billion cubic metres to make the project work," said Hawrami. According to him, Northern Iraq is […]
Transneft Backs Turkish Crude Quota
Russia’s oil pipeline monopoly Transneft may support quotas on oil shipments through Turkey's straits to fill a pipeline to the Mediterranean. Transneft may take up to a 50% stake in the $3 billion Samsun-Ceyhan pipeline project, co-led by Italy's Eni , that will link the Black Sea and the Mediterranean and advance Turkey's plan to […]
Tags: Oil & Gas, Turkish Crude Quota
Kirkuk Pipe rupture was sabotage
A pipeline rupture that halted Iraq's crude oil exports to the Turkish Mediterranean port of Ceyhan was caused by sabotage and could take up to five days to fix, a source at Iraq's North Oil Company said today. The rupture halted oil flow from Iraq's northern fields to Ceyhan on Sunday. "After examining the oil […]
Iraq Signs Agreement with Norway
Iraq has signed a development agreement of co operation with Norway. A press statement issued by the Foreign Affairs Ministry received by Eye media says that the minister, Hoshiar Zeebari, signed the agreement with Norway's ambassador. The agreement is for development and expansion of cooperation in environment, fund management and competence in oil administration. Zeebari […]
Lesson Four - At the Road Block
An Iraqi soldier at the roadblock motions for Ryan’s taxi to stop and then walks up to the taxi. AHmed: SbaaH ilkhair. أحمد: صَباح الخیر . Good morning. Soldier: SbaaH innuur. Wehn rayyiH? جندي: صَباح النور . وین رایح ؟ Good morning. Where are you going? AHmed: Aani da aakhuth haatha l Amriiki l finduq […]