The new German Consul General in Erbil, Mr Alfred Simms-Protz, met with Minister Falah Mustafa as part of his introductory and courtesy calls on senior KRG officials. Mr. Simms-Protz previously served as Head of Diplomatic Security at the German Foreign Office in Berlin. Speaking about the growing relationship with Germany, Minister Mustafa said: I hope […]
By John Lee. Iraq generated 6.9 percent more revenue from crude sales in July, compared with the previous month, according to the Oil Ministry. Bloomberg reports that it earned $7.27 billion from the export of 2.32 million bpd of crude in July, versus $6.8 billion from 2.33 million bpd in June. 66.4 million barrels were […]
By John Lee. According to a report from Tehran Times, Iran will double output at the Yadavaran oilfield, which straddles the border with Iraq, to 50,000 bpd by the Iranian calendar month of Dey (beginning 22nd December). Production started in February 2012 and the oilfield is currently producing 25,000 bpd of crude oil, but 55 […]
Vulnerable groups in southern Iraq will soon be able to access free legal services directly from the Basrah Justice Palace. “By establishing a legal help desk directly inside the Basrah Justice Palace, we are minimising the time and money spent by vulnerable groups to seek legal assistance,” said Rini Reza, chief of the UN Development […]
Minister Falah Mustafa received Mr Sarbast Mustafa, Head of the Independent High Electoral Commission of Iraq (IHEC), and Mr Sokol Kondi, Head of UNAMI in Erbil today to discuss preparations for the upcoming elections. Kurdistan Region is due to hold parliamentary and provincial elections this year in September and November respectively. The meeting comes as […]
Foreign Minister Hoshyar Zebari has discussed Iraq's relations with the United Nations and its assistance mission in Iraq (UNAMI) with Deputy Secretary-General for Political Affairs, Jeffrey Feltman. During the meeting, the two sides discussed the UNAMI activities in Iraq and the Iraqi government's keenness on facilitating UNAMI's work. The Minister expressed the government's appreciation for […]
The People's Republic of China is expected to open its first diplomatic mission in the Kurdistan Region by the end of this year. Currently there are 27 foreign and diplomatic representations in Erbil, including four of the five permanent United Nations Security Council members. The opening of a consulate-general was discussed at a meeting today […]
By John Lee. Iraq has selected five additional international oil companies to bid for the development of its $4.4-billion Nassiriya oil field and the construction of a new 300,000 bpd refinery, reports Reuters. The companies added to the list are: France's Maurel et Prom; Russia's Rosneft; Essar UAE India; South Korea's GS Engineering & Construction […]
By John Lee. Reuters reports that an unexplained blast occurred at Umm Qasr commodities port on Saturday. It was not immediately what the cause of the blast was, or whether it had affected imports and exports. The port does not handle crude oil shipments. (Source: Reuters)
By John Lee. ShaMaran Petroleum has announce its financial and operating results for the three and six months ended June 30, 2013. (Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars). Highlights A Field Development Plan for the Atrush Block was submitted for […]
By Ahmed Mousa Jiyad. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The United Nations says thousands of Syrian refugees are flooding into the Kurdish autonomous region of Iraq. Fighting in Northern Syria has increased in recent months between Al Qaeda linked rebels and armed […]
