The Swedish Special Envoy to the Syrian Opposition, Ambassador Jan Theslef, met with Minister Falah Mustafa today to discuss ongoing developments in Iraq, Syria and the greater region. The meeting was also attended by the Swedish Ambassador to Iraq, Mr Jörgen Lindström, and the Assistant Head of DFR, Ms Siham Jabali. During their meeting, both […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With the help of Iraqi intellectuals, 21 young volunteers inaugurated a large arena for group reading on Sept. 28 on Abu Nawas Street in central Baghdad. These young people, who included five […]
On the margins of the 64th annual session of the UNHCR Executive Committee meeting in Geneva, the high-level Iraqi delegation met with key officials to discuss political developments in Iraq, Kurdistan Region and the broader region, as well as the ongoing violence in Syria. The high-level Iraqi delegation, led by Iraqi Federal Foreign Minister, Mr […]
By John Lee. Shell has officially inaugurated Iraq's huge Majnoon oil field on Sunday, and said it aims to reach 175,000 barrels a day in the coming weeks. Production from the field's first well started on 20th September, and Hussein al Shahristani, the Iraqi deputy prime minister for energy, said in Dubai that output is […]
By John Lee. ShaMaran Petroleum has announced that the Atrush partners have received approval from the Kurdistan Regional Government (KRG) for the first phase in the development of the Atrush Block. The TAQA-operated Block, located 85 km northwest of Erbil, is expected to initially produce approximately 30,000 barrels of gross oil per day (bpd) with […]
By John Lee. Rudaw reports that the KRG’s Minister of Natural Resources, Ashti Hawrami (pictured), has dismissed as “inaccurate and misleading” claims by Dana Gas that the KRG owes the company millions of dollars in overdue payments. In a letter sent to Dana Gas managing director, Majid Hamid Jafar, he said: “The statements made in […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd October 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,712 / $1,812 (+2.5%) (weekly change). The number of week traded shares was 7.1bn and the weekly trading […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The project designed to distribute the country’s oil revenue surplus directly to Iraqis is once again at the forefront of recent events, as political blocs have begun to prepare for the general […]
The Independent High Electoral Commission of Iraq (IHEC) has announced the complete results of parliamentary elections in Kurdistan Region yesterday during a press conference in Erbil. The Kurdistan Region held its fourth round of parliamentary elections on 21 September 2013. It included 1,129 candidates - 336 of them women, and over 2,800 international observers from […]
By Saleem al-Wazzan. 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. Fighting for Clean Air: Locals Living Near Basra Oil Wells Move Because of Pollution The oil wells in southern Iraq have made the areas relatively prosperous. […]
By John Lee. The National Iranian Drilling Company (NIDC) has signed an agreement with the Iraqi Drilling Company under which Iran will provide personnel training and supervision of Iraqi drilling operations. According to a report from Iran's PressTV, the agreement was signed by NIDC Managing Director Hamid-Reza Golpayegani and Deputy Director-General of the Iraqi Drilling […]
Japan's Sumitomo Corporation has purchased about 320 million yen in shares (equivalent to 45% of shares) of SAS Automotive Services Ltd, a subsidiary of Iraq’s largest automotive business, the Sardar Group through a third-party allocation of shares. The company claims that this is the first private investment and joint venture by a Japanese company in […]
