WesternZagros Resources has completed testing operations in the Oligocene reservoir of the Kurdamir-3 appraisal well on the Kurdamir oil and gas discovery in the Kurdistan Region of Iraq. Although the testing operations took longer than anticipated due to mechanical difficulties, the results of the third and fourth drill stem tests (DST #3 and DST #4) […]
By John Lee. Kuwait Energy and Dragon Oil have secured a rig from the Iraqi Drilling Company (IDC) to spud an exploratory well at Block 9 in Basra Province by the end of the year. In parallel, the consortium has selected a provider for Environmental Impact Assessment, Environment Base Line Survey and contractors to perform de-mining […]
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. Iraqis welcomed the ascent of moderate candidate Hassan Rouhani in Iran’s recent presidential elections, hoping for a change in Iran's policy toward Iraq and a stop to its interference in Iraq's affairs. […]
A new legal help desk in Baghdad’s Rusafa Courthouse was inaugurated after Iraq’s Higher Judicial Council (HJC) partnered with the United Nations Development Programme (UNDP) and Iraqi non-governmental organisation Dar Al Khibra to provide free legal services to indigent Iraqi citizens as part of a larger effort to strengthen the administration of and citizens’ access […]
As part of his visit to the Kurdistan Region, the French Ambassador to Iraq, Mr Denis Gauer, along with the French Consul General, Mr Alain Guépratte and an accompanying delegation, visited the KRG Department of Foreign Relations to meet with the Head of the Department, Minister Falah Mustafa to discuss political developments as well as […]
The United Nations’ Educational, Scientific, and Cultural Organization (UNESCO), has announced the launch of the Analysis Report “Integrated Drought Risk Management – National Framework for Iraq" produced by UNESCO’s Iraq Office under the Drought Risk Management (DRM) Project. During the previous months, UNESCO and UNAMI's Joint Analysis Unit assessed the information gathered and analyzed investigating […]
By Ibrahim al-Jibouri. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Karbala Real Estate Boom: Sacred City Boasts Most Expensive Property in All Iraq The prosperous southern city of Karbala has not only got some of Shiite […]
By John Lee. An unidentified spokesman from the Turkish Energy Ministry has told the Platts that it's not possible to build a new oil pipeline in the time expected by Kurdish officials. Ashti Hawrami, the Kurdistan Regional Government's Minister of Natural Resources, is reported to have said last week that it would take less than […]
By John Lee. Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement with Claremont Group LLC, a New York-based real estate development company, for a Hyatt Regency hotel in the Kurdistan region of Iraq. Expected to open in 2017, Hyatt Regency Sulaymaniyah will be the first Hyatt-branded hotel in […]
In their recent meeting at the White House, President Obama and Prime Minister Nouri al-Maliki reaffirmed the strategic partnership between the United States and the Republic of Iraq and pledged to advance common interests to support a stable, secure, and prosperous Iraq and Middle East. They also discussed their shared commitment to enhance cooperation under […]
By John Lee. Reuters reports that China's state-owned Sinochem Corp plans to use Iraqi crude oil for 40 percent of the capacity of its new refinery, in what the article describes as "the latest example of Iraq beating Middle Eastern rivals in the competition for new markets in Asia". The deal wold replacing a preliminary […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 31st October 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,755 (-0.3%)/ $1,864 (-0.1%) (weekly change). The number of week traded shares was 4.2bn and the weekly trading […]
