By John Lee. Oryx Petroleum Corporation Limited has announced that it has sold its first offtakes of crude oil into the domestic market from the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum is the operator and has a 65 percent participating and working interest in the […]
By John Lee. Oil services company Petrofac has shrugged off worries that its performance will be hit by the unrest in Iraq. In a trading statement on Tuesday, the company said: "Our operations in Iraq are south and east of Baghdad and represent less than 5% of the Group's expected revenues for 2014. "While we […]
By John Lee. Sunni rebels led by the Islamic State of Iraq and the Levant (ISIS, ISIL) have taken control of Baiji [Bayji] refinery, near the town of Tikrit, according to Al Jazeera sources. While foreign minister Hoshyar Zebari told Al Jazeera on Tuesday that Iraqi special forces soldiers were in control, the news agency's sources […]
The Kurdistan Regional Government UK Representation has announced that British Expertise will host a workshop on doing business in Kurdistan on 8th July, in advance of its trade mission to Erbil and Dohuk in September. This special workshop includes case studies from companies that have undertaken or won projects in Kurdistan. Lyn Edwards, Senior Partner […]
By John Lee. Turkish Energy Minister Taner Yıldız (pictured) told journalists on Monday that a third shipment of oil from Iraq's Kurdistan Regional Government (KRG) had been transported via Turkey's Ceyhan pipeline and that a fourth was being prepared for shipment. According to a report from Cihan, the transactions for the oil sales are being conducted […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US Secretary of State John Kerry on Monday pledged "intense" support for Iraq against the "existential threat" of a major militant offensive pushing toward Baghdad from the North and West:
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIS captured a key town on the border between Iraq and Syria. They now control 70 percent of Anbar province:
The KRG Oil and Gas Council held a meeting last week to discuss fuel shortages. The meeting culminated with the announcement of four important steps aimed at combating fuel shortage in the Kurdistan Region. The meeting was headed by KRG Prime Minister Nechirvan Barzani and Deputy Prime Minister Qubad Talabani. In the meeting, also attended […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,727 (-1.4%)/ $1,853 (-2.0%) (weekly change) (-8.7% and -8.5% YTD change, respectively). The number of week traded shares […]
By John Cookson. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. US Secretary of State John Kerry's whistle-stop swing through the Middle East and Europe will likely include a meeting this week with Iraq's embattled caretaker prime-minister Nouri al-Maliki. At the Baghdad summit we […]
Lafarge Iraq has launched a new version of Karasta, its multipurpose cement, tailor-made for the Iraqi climate. In order to meet customer expectations and needs the formula of Karasta was revised to improve its workability, decrease cracking and improved setting time as well as better adhesion. Karasta’s new formula meets the Iraq specification 3868 and […]
By John Lee. The pipeline that will carry natural gas from Iran to Iraq will be completed by the end of the current Iranian calendar year (started March 21, 2014), according to a report from Iran's PressTV. The Managing Director of the Iran Gas Engineering and Development Company, Alireza Gharibi, said 7 million cubic meters […]
