By John Lee. Shares in WesternZagros Resources were up 8 percent in early trading on Wednesday following the announcement of its operating and financial results for the first quarter ended March 31, 2014. Commenting on the first quarter results and subsequent events, WesternZagros's Chief Executive Officer Simon Hatfield (pictured) said: "There have been several key […]
By John Lee. Iraq’s parliament fully supports a project to build an $18 billion pipeline to export crude oil from Basra to Jordan’s port city of Aqaba. Speaking to The Jordan Times, Adnan Al Janabi, chairman of the Iraqi parliament's energy committee said: “We are very supportive of this strategic project with Jordan, which will […]
Prime Minister Nechirvan Barzani yesterday continued discussions on deepening Kurdistan-UK relations in meetings with the Mayor of London, Boris Johnson, the British Minister of State for International Development, Alan Duncan, and the British Parliamentary Under Secretary of State for Transport, Robert Goodwill. In each meeting officials from both sides emphasised the importance of exploring new […]
By John Lee. Foreign Minister Hoshyar Zebari has met the Ambassador of the People's Republic of China, Wang Yong. The Minister confirmed Iraq's participation in the Fourth Summit of the Conference on Interaction and Confidence-Building Measures in the Asia States to be held in Shanghai, China. Iraq participates in the conference with a delegation comprising […]
By John Lee. Turkish-based ERGIL, a worldwide specialist in engineering, construction and manufacturing for oil, gas, water, chemical and petrochemical industries has announced that it has been enlisted as an approved supplier/contractor by the Kurdistan Regional Government Ministry of Natural Resources in Erbil, Iraq. As an official party, ERGIL is now qualified to participate in […]
Preliminary results show that Prime Minister Nouri Maliki's State of Law alliance won last month's parliamentary elections in Iraq, but fell short of a majority. The Independent High Electoral Commission (IHEC) said State of Law had taken 92 of the 328 seats in the Council of Representatives, putting it in the lead in 10 of […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The uncertified result of Iraq’s parliamentary elections, released by the election […]
By John Lee. Dana Gas has reported a 67 percent rise in operating profits in 1Q 2014 to US$ 45 million (AED 164 million) as compared to US$ 27 million (AED 98 million) in Q1 2013. This excludes the one-off gains of US$ 39 million (AED 143 million) profits arising out of the partial sale […]
By John Lee. Johnson Controls, a global multi-industrial company, will supply "YORK" HVAC equipment and building automation solutions for five, 400-bed hospitals in Iraq. The order includes 21 YORK® YK centrifugal chillers, cooling towers, air handling units, and fan coil units. The technologies are designed to work together to deliver more energy and operational savings. […]
By John Lee. Shares in Afren were down as much as 7 percent during the day on Tuesday, closing down 5.7 percent, as the company's earnings came in below target. In its Interim Management Statement this morning, Afren gave the following update on its Iraq operations: "On the Barda Rash block in Kurdistan, the BR-4 […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Governance of the Iraq Energy Sector and the Relevance of Association with Energy Charter Treaty This is an extended abstract of PowerPoint slides and interventions I delivered during the Executive Training […]
Dubai Investments PJSC [DI] has announced that Dubai Investments International – its wholly-owned subsidiary targeting overseas expansion, is currently tapping into business opportunities in Africa and Asia. As a first step in scaling up its overseas operations, DI International is targeting investments, joint ventures and strategic partnerships across Africa and Asia, and also eyeing commercial […]
