Author Archive | Editor

Dana Gas Iraq Output Nearly Doubles

Dana Gas PJSC, the Middle East’s largest regional, private sector, natural gas company, has announced its financial results for the quarter ended 30th June 2010. Revenue from the sale of hydrocarbons increased to AED 428 million, with gross profit reaching AED 179 million. These figures represent increases of 41% and 84% respectively, compared to the […]

Bomb Closes Kirkuk-Ceyhan Oil Pipeline

A bomb attack stopped the export of oil through the Kirkuk-Ceyhan pipeline on Tuesday, and killed two people and wounded a third after their vehicles caught fire on a road that runs alongside the link. Reuters, citing a spokeswoman for Botas, Turkey's state-run pipeline operator, reported on Wednesday evening that "the fire continues, and the […]

Major Iraq Oil Conference in Istanbul

2009 was a momentous year for Iraq’s oil and gas sector, for the first time in more than three decades, two bidding rounds took place.  What was on offer?  Development of just some of the countries prized oil and gas fields. In a country where investment from the world’s IOCs is vital to its development […]

$8.7 Billion Missing - NGOs Blame Lack of Accountability

The NGO Coordination Committee in Iraq (NCCI) has issued the following statement regarding the $8.7 billion of Iraqi funds that cannot be accounted for: Last week, the US Special Inspector General for Iraq Reconstruction (SIGIR) issued an audit stating that the Pentagon cannot account for 96 percent of $9.1 billion that was set aside for […]

37th Baghdad International Fair

A large group of international companies have showed their interest in participating in the 37th Baghdad International Fair, due to take place in Baghdad from 1st to 10th of November. "Several countries, including France, Turkey, Iran, Japan, and India agreed tp participate in the fair, as well as local and foreign private sector companies", a […]

$300m Hotel Refurb for Arab Summit in Baghdad

Iraq will spend $300 million [350 billion Iraqi dinars] to upgrade six major hotels in Baghdad for an Arab summit next year, Foreign Minister Hoshyar Zebari told AFP on Tuesday. "We will invest around 300 million dollars to transform our six largest hotels to international standards for the Arab summit at the end of March", […]

Tags:

German School to Open in Kurdistan

A German-language school in the Kurdistan Region’s capital of Erbil will be inaugurated on Sept. 16, and will start admitting students for the 2010-11 academic year, according to a report from AKnews. “It is going to be the first private school in Kurdistan that is supported by the German government and it will become a […]

Tags:

Occidental to Build Water Desalination Plant

Occidental Petroleum is planning to build a water desalination plant in Umm Qasr, Basra, an oil expert said on Monday. “The oil company seeks to implement the project as the South Oil Company refused to provide it with the water it requires to inject into wells to develop oilfields,” Dr. Jabar al-Halfi told Aswat al-Iraq […]

$6m to Clean Up Baghdad

The Baghdad Mayoralty has allocated 7 billion Iraqi dinars [$6m] to cleaning up the Iraqi capital. “This is an additional amount to the previously allocated funds,” the mayoralty said in a press release on Monday, as received by Aswat al-Iraq news agency. It noted that there is a special services plan in Baghdad for the […]

504 Houses to be Built in Diyala

The Iraqi Construction and Housing Ministry has announced plans to build 504 houses in the province of Diyala by the end of 2011, said the minister on Monday. Minister Bayan Dezayi [Bayan Dezei] said the project was worth 53 billion Iraqi Dinars (ID), over $45 million. Dezayi said they aim to complete the road between […]

Tags:

Economist: Iraq Lacks Plan to Develop Industry

An Iraqi economist blamed the high unemployment rate in the country on the government’s failure to develop the industries and reduce food imports, according to a report from AKnews. “The Iraqi government has failed significantly to rescue Iraq from being the main country in the region in terms of consumption of imported foods. There is […]