British Peer Calls for UK Investment in Iraq before Multi-Billion Pound Market is Lost to Far East Baroness Nicholson of Winterbourne, Executive Chairman of the Iraq Britain Business Council (IBBC), has called on UK businesses to invest in Iraq or face losing out to more aggressive competitors from the Far East. Despite an upsurge in […]
By John Lee. Genel Energy has announced that a Declaration of Commerciality ("DoC") for the Miran field has been approved by the Ministry of Natural Resources of the Kurdistan Regional Government ("KRG"). Genel currently holds a 100% working interest and is operator of the Miran licence. The KRG has the right to back in for […]
By John Lee. Gulf Keystone Petroleum (GKP) has announced the appointment of Andrew Henry Simon O.B.E. (pictured) to its Board as a Non-Executive Director with immediate effect. In addition, as approved by shareholders at the Company's Annual General Meeting, held on 25 July 2013, and following the completion of the AIM mandated due diligence process, […]
By John Lee. Iraqi Prime Minister Nouri Al-Maliki and Eni’s CEO Paolo Scaroni (pictured) met on Monday in Baghdad to discuss Eni’s activities in the country. During the meeting, Mr Scaroni along with Claudio Descalzi, COO of Eni E&P, updated the Prime Minister on the development activities at the Zubair oil field and discussed the […]
Amid a continuing exodus of Syrians into Iraq's Kurdistan region, the heads of the UN refugee agency and the World Food Programme praised the regional government for giving refuge to almost 200,000 people, including some 47,000 who arrived in the last two weeks. Despite the burden of accommodating such a large influx of refugees, the […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Japan has taught Iraqis an important lesson on tolerance and humanitarian devotion when it decided to open a hospital in the city of Fallujah in memory of Japanese journalist Shinsuke Hashida, […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. 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. Somewhat in […]
By John Lee. According to casualty figures released by UNAMI, a total of 804 Iraqis were killed and another 2,030 were wounded in acts of terrorism and violence in August. The number of civilians killed was 716 (including 106 civilian police), while the number of civilians injured was 1,936 (including 195 civilian police). A further […]
By John Lee. Petroceltic International has announced that it has spudded two wells: Shakrok-1, the first well in its drilling campaign in the Kurdistan Region of Iraq and Cobalcescu South, part of its planned multi-well drilling campaign, offshore Romania. Kurdistan Region of Iraq In July 2011 Petroceltic announced that Petroceltic Kurdistan Limited ("Petroceltic Kurdistan") had […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Oil (MoO) prepared a complex contract commensurate with the structure and complexity of Nasiriya Integrated Project (NIP), to be offered in a bid round scheduled for December 2013. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th August 2013). According to Central Bank of Iraq (CBI)’s announcement, CBI’s board has decided to lift custody over Warka Bank on August 25, 2013 after the Financial Services Court has made a final decision about the custody case on May 26, 2013. […]
By John Lee. The Central Bank of Iraq (CBI) has announced that its board has decided to "lift custody [guardianship]" over Warka Bank on August 25, 2013, following a final decision made by the Financial Services Court on 26th May, 2013. Warka Bank announced on its website that: "This decision comes in accordance with the […]
