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 […]
Thales has been awarded a contract to provide an Integrated Security System (ISS) for the West Qurna-2 oil field development located 65 km northwest of Basra in Southern Iraq. This contract has been signed with LUKOIL Mid-East Ltd, a subsidiary of the Russian oil company LUKOIL. Thales will design and deploy the Integrated Security System […]
By John Lee. Iraq is to invest in the construction of a refinery in East Borneo, Indonesia. Indonesian Energy and Mines Minister, Jero Wacik (pictured), said that if construction started this year, the new refinery would start production by 2018. Platts reports that the head of the Iraqi delegation, Delman N Abdullah, said that Iraq agreed […]
The Head of the KRG Department of Foreign Relations (DFR), Minister Falah Mustafa and the Assistant Head of the DFR, Siham Jabali met with the Swedish Ambassador to Iraq, Jörgen Lindström and the Head of the Sweden Section Office in Erbil, Jessica Svärdström today. They discussed different ways in which bilateral relations can be strengthened […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. MENA Natural Resources Governance Knowledge Hub – A Conceptual Framework In a constructive collaboration effort between Revenue Watch Institute (RWI) and the Lebanese Center for Policy Research (LCPS), a two day closed […]
