Genel Energy has issued the following Interim Management Statement for the period from 1 January 2014 to today (Tuesday 2nd April). The statement was issued ahead of the company'ss Annual General Meeting. PRODUCTION AND REVENUE 2014 production and revenue guidance unchanged at 60,000-70,000 boepd and revenue of $500-600 million Net working interest production for the […]
The Kurdistan Regional Government (KRG)'s Ministry of Natural Resources (MNR) announces the publication of its Annual Financial Report for 2013, a detailed and comprehensive guide to the financial operations of MNR. The report includes revenue figures from crude oil production, local crude oil sales, the selling of refined products, and bonuses and capacity-building support derived from […]
Under the framework of the IPSM-Phase II Programme, a knowledge sharing workshop was conducted to familiarize the concerned participants from the two pilot areas in Duhok and Najaf on decentralized water management with reform success stories and challenges. The event was held in Erbil, in the General Directorate of Water and Sewerage on 14-15 April […]
The Head of the Department of Foreign Relations (DFR), Minister Falah Mustafa met today with the Slovakian Ambassador to Iraq, Mr. Miloslav Nad to discuss furthering bilateral relations between the Slovak Republic and Kurdistan. The meeting was also attended by the Assistant Head of the DFR, Ms. Siham Jabali and the Honorary Consul of the […]
Terraseis, a seismic acquisition contractor focused on operating in challenging environments, is deploying a Three-Component seismic recording system in the Kurdish Region of Iraq to carry out a seismic 3D survey that shall include 3-C data acquisition. This shall be the first 3-C project in Kurdistan and follows on a string of seismic firsts achieved […]
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. Iraq Votes 2104: ‘Standing On The Titanic’ – Candidates’ Posters Become Butt of Jokes Election campaign posters are telling cynical Iraqi voters nothing – there is barely any information on political […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Months ago, Ayatollah Ali al-Sistani began to guide the Iraqi public through statements regularly issued by him or his office, focusing on the need to fix the current situation. Sistani's guidance is going even […]
By John Lee. The new Faruk Medical City (FMC) has been opened in Sulaimaniyah. Build by Faruk Mustafa Rasool, one of the country's richest men, the facility has 210 beds, with 53 clinics and 24 specialists. Chief medical officer of FMC, Firya Peryadi, said: “Once Iraq had the best doctors and hospitals of the region, but […]
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. Two days before the rest of the country does, over one million members of Iraq’s military will vote in general elections. The questions are clear: Will the army simply be loyal […]
By John Lee. Citing 100 journalists murdered in the last decade and 100 percent impunity, the Committee to Protect Journalists (CPJ) has said that Iraq is the worst offender on its Impunity Index, a spot it has held since 2008, when CPJ first compiled the index. According to its report: "Nine new murders in late […]
Like a replay of the Great Depression, a bank in Iraq went under in 2010, nearly taking millions of American dollars with it. According to a report from the Washington Times, Iraq's Al-Warka Bank was already having stability problems when the U.S. began to close all its accounts as part of the withdrawal of troops […]
Prime Minister Nouri Kamil al-Maliki has opened the new Hanwha Precast Concrete Plant at the Bismayah New City development near Baghdad. Speaking at the event, he said that “this project is our dream that has come true because it reflects our hope to provide housing units for all Iraqi people who were deprived of their […]
