By John Lee. Iraq and Iran, which together hold more oil reserves than Saudi Arabia, are planning to challenge Saudi Arabia's grip on OPEC and its status as the "swing producer" in the cartel, according to a report from The Telegraph. With Iraq poised to triple its capacity to 9 million bpd by 2020, the result […]
Arabtec Holding PJSC has announced its intention to open an office in the Iraqi capital, Bagdad, to capitalize on the country’s high potential, particularly in oil and gas and infrastructure. The opening of Arabtec’s office in Baghdad to facilitate the company’s planned growth in the Iraqi Market is in line with the Company’s business growth […]
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 Iraqi electoral commission (IHEC) today held a lottery for electoral […]
Claudia Roth, who is the Vice-President of the German Bundestag as well as a member of Germany’s Green Party, met with the Head of the KRG Department of Foreign Relations (DFR), Minister Falah Mustafa to discuss areas of mutual concern and bilateral relations. The Ambassador of the Federal Republic of Germany, Brita Wagener, the German […]
By John Lee. Bulgaria's government has decided to open a consulate in Erbil, according to a report from Sofia News Agency. In the beginning of 2013, Bulgaria reopened its embassy in Baghdad, which had been closed since 2003. (Source: Sofia News Agency)
By John Lee. Shares in Afren rose by more than 5 percent on Tuesday morning following a positive trading update. The company made the following statement on its operations in Iraqi Kurdistan: On the Ain Sifni block in Kurdistan, following the world class discovery with the Simrit-2 exploration well 1,509 feet of net oil pay […]
By John Lee. Oryx Petroleum has announced an update on its drilling activities at Banan and Demir Dagh in the Hawler license area in the Kurdistan Region of Iraq. The company the operator and has a 65 percent participating and working interest in the Hawler license area. Commenting today, Henry Legarre (pictured), Oryx Petroleum’s Chief […]
By John Lee. The US Defense Security Cooperation Agency (DSCA) has notified Congress of a possible Foreign Military Sale to Iraq for AH-64E APACHE LONGBOW Attack Helicopters and associated equipment, parts, training and logistical support for an estimated cost of $4.8 billion. The Government of Iraq has requested a possible sale of 24 AH-64E APACHE […]
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. Besides the real causes behind the disputes in Iraq, there are a great number of conflicts revolving around figments of the imagination in the collective mindsets of the country's sects. These […]
Sweden's Elekta has received an important order from Iraq for state-of-the-art radiation therapy equipment. The deal includes 10 Elekta Synergy Platform linear accelerators (linacs) to be delivered to five Iraqi Ministry of Health sites (two linacs per site): Babil, Basrah, Karbala, Missan and Nasriah. The deal for each site includes treatment planning software (TPS), MOSAIQ […]
By Denise Natali for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As al-Qaeda continues to terrorize parts of Iraq, another battle looms over the country: control over Iraqi hydrocarbons and revenues. The Kurdistan Regional Government (KRG) is pressing ahead with its plans to […]
The United Nations Compensation Commission has made available $1.03 billion to the Government of the State of Kuwait towards the Commission’s remaining claim with an outstanding award balance. The United Nations Compensation Commission was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for […]
