By John Lee. International oil companies (IOCs) in southern Iraq are seeking to push ahead with their own water injection facilities to meet production targets, according to a report from Platts. Malaysia's Petronas, operator of the Gharraf [Garraf] oil field, is the latest to ask the Ministry of Oil for permission to build a standalone […]
The successful completion of the project “Enhancing investments to Iraq through industrial zone development”, implemented by the United Nations Industrial Development Organization (UNIDO), was marked at an event in Amman today. Funded by the Government of Italy, the project assisted the Government of Iraq in developing industrial zones that provide a favourable business environment for […]
By John Lee. In its third-quarter results on Tuesday, Talisman Energy gave the following update on its operations in Iraq: In the Topkhana Block, the extensive well testing of the T-2 well has been completed. The results were consistent with the results of the long-term K-2 well test, in terms of fluid rates and composition, […]
By John Lee. The Iraqi Finance Ministry has announced that the World Bank plans to send a high-level delegation to Baghdad in the near future. NINA that the Finance Minister, Hoshyar Zebari, met with the World Bank's representative in Iraq, Robert Boujoda, to discuss cooperation between the government and the World Bank. Tthey also reviewed […]
By John Lee. Iraq's exports of 76.282 million barrels of crude oil in October brought in $6.241 billion [7.3 trillion Iraqi dinars] in revenues, according to the Iraqi Oil Ministry. AIN reports that Iraq averaged exports of 2.461 million bpd for the month at an average selling price of $81.82 dollars a barrel. These exports […]
By John Lee. Iraq has risen two places in the Legatum Institute's latest Prosperity Index, ranking in 128th place out of the 142 countries measured. The index ranks countries in eight categories including economic success, opportunity, health, and personal freedom. Norway finishes highest on the annual Prosperity Index for the sixth year in a row […]
The future of Iraq hinges on the education of its youth and the preservation of its cultural heritage, the head of the United Nations Educational, Scientific and Cultural Organization (UNESCO) affirmed during an official trip to the war-torn Middle Eastern country. “Education is a human rights imperative for you and for all Iraq – it […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The rejection of US, regional or international intervention in Iraq is a subject that has almost become more interesting in Iraq than the fight against the Islamic State (IS). The politicians, the […]
By John Lee. Reuters reports that Iraqi Kurdistan plans to increase the capacity of its oil pipeline to the Turkish port of Ceyhan to 700,000 bpd. Work to upgrade the line is expected to boost the flow from 280,000 bpd at present to 400,000 bpd by year-end, eventually reaching the design maximum of 700,000 bpd. A […]
By Padraig O’Hannelly. Readers of Iraq Business News will already know Baroness (Emma) Nicholson of Winterbourne (pictured) as the UK’s Trade Envoy to Iraq, and as Chairman of the Iraq Britain Business Council (IBBC). We met with her recently to discuss the work of her charity, the AMAR International Charitable Foundation, which is facing new […]
By John Lee. Nechirvan Barzani (pictured), Iraqi Kurdistan's Prime Minister, has denied reports that Iraq’s State Oil Marketing Organization (SOMO) will open an office in Erbil. Kurdish MP, Dilshad Sha’ban, has also told BasNews: “After we heard reports of SOMO wants to open office in Kurdistan region, we followed on the report, and we found […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An Iraqi blogger wrote on the Facebook page "Buying and Selling Weapons in Iraq,” an account he also manages: “Needed anti-armor rocket propellers. Anti-personnel missiles available." This Facebook page consists of […]
