Sterling Global Operations (SGO) has been chosen to provide surface – supplied divers for unexploded ordnance search and removal and salvage operations for the sunken 82,000-ton VLCC (Very Large Crude Carrier) Amuriyah, an Iraqi tanker sunk near Bubiyan Island off the coast of Kuwait in Jan. 1991 during Operation Desert Storm. Special Diving Services (SDS) […]
By John Lee. A former Iranian Oil Minister, now an advisor to Iran’s First Vice President Eshaq Jahangiri, has pushed for great commercial engagement with Iraq. Rostam Qassemi [Qasemi] (pictured) told Fars News Agency: “Iraq’s big market which is in our neighborhood can be a lucrative for our private sector ... The volume of trade […]
By John Lee. T Rowe Price has reportedly been selling some of its Iraqi government debt, in anticipation of renewed political turmoil in the country. Investment Week reports that the fund manager has been overweight in Iraq for several years, and at one time was the largest Iraqi debt holder. The company's emerging market debt […]
From Human Rights Watch. Iraq’s Council of Ministers should withdraw a new draft Personal Status Law and ensure that Iraq’s legal framework protects women and girls in line with its international obligations. The pending legislation would restrict women’s rights in matters of inheritance and parental and other rights after divorce, make it easier for men […]
Following approval of its declaration of commerciality by the Kurdistan Regional Government (KRG), WesternZagros Resources has announced that it is moving to develop the first of its two significant light oil discoveries. Once its development plan for the Sarqala field is approved, the Company expects to produce up to 10,000 barrels per day (bbls/d) of […]
Foreign Minister Hoshyar Zebari inaugurated on Sunday evening, March 9, 2014, the residence of the Permanent Mission of Iraq to the Arab League in the presence of Ministers of Foreign Affairs, His Excellency the Secretary General of the League of Arab States Dr. Nabil al-Arabi , Mr. Amr Moussa, several Arab Ambassadors and permanent delegates […]
By Harith Hasan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In a deeply divided country whose main parties rely on identity politics to renew their legitimacy, electoral seasons usually constitute an opportunity for ethnic and sectarian mobilization. Political parties and leaders, which […]
By John Lee. Pressure is mounting in India to help repatriate 58 labourers from Gujarat who have been reportedly held hostage in Iraq by their employer. According to a report from Outlook India, the matter came to light when seven of the labourers managed to return from Iraq, and alleged that recruitment agents lured them […]
The International Federation of Journalists (IFJ) has issued a renewed call for the Iraqi government to step up protection for journalists in the country following the latest appalling murder of two journalists in the province of Babel yesterday morning, Sunday, 9 March. According to IFJ affiliate, the Iraqi Journalists Syndicate (IJS), cameramen Muthanna Abdul Hussein […]
As oil exports from Iraq hit a 25-year high, our newsletter this week highlights a string of successes for businesses, and not just in the oil sector. In addition to another oil find in Kurdistan and a new pipeline connection at Badra, we have news of a security deal at West Qurna, a Kuwaiti contract […]
By John Lee. Oryx Petroleum has announced two positive updates on its operations in the Hawler license area in Iraqi Kurdistan, in which the company has a 65 perccent participating and working interest: Testing of the DD-4 appraisal well on the Demir Dagh field achieved expected flow rates and confirmed reservoir and fluid characteristics. Henry Legarre […]
Gulf Keystone Petroleum (GKP) has this morning provided an Operational and Corporate update, and released a third party audit of the Company's reserves, contingent resources and prospective resources for its petroleum interests in the Kurdistan Region of Iraq. Summary The Company continues to maintain current stable production and sales levels of approximately 10,000 barrels of […]
