By John Lee. Standard Chartered bank plans to expand operations in Iraq this year. The firm's regional head, Christos Papadopoulos (pictured), told Reuters in an interview: "The amount of economic activity in Iraq now is substantial. We always wanted to be onshore in Iraq. It was never a question of if but a question of […]
Iraq has plans to generate 400MW of its electricity from renewable energy sources by 2016, according to a report from MEED. Speaking at MEED’s Iraq Energy Projects Conference in Dubai, Rafah Mohammed, from the energy production office at the Ministry of Electricity, said this would be about 2 per cent of the country’s total power […]
The following is the text of the speech and press conference of US Secretary of State, John Kerry, in Baghdad: Secretary Kerry: Good afternoon. As-Salāmu `Alaykum. I’m glad to be here with all of you, and it’s a pleasure for me to be able to be back in Iraq. I haven’t been able to be […]
Foreign Minister Hoshyar Zebari headed the Arab League Council at the ministerial level on Sunday. In the opening session minister Zebari gave a speech in which he stressed the achievements of the Iraq's presidency to the 23rd Arab Summit, indicating the Iraq's positions towards the issues of the Arab region, particularly the Palestinian issue and […]
Thamir Ghadhban (pictured), the chairman of the prime minister's advisory commission on energy, has said that Iraq is revising its oil production targets. Speaking at the MEED Iraq Energy Conference in Dubai, he said Iraq that Iraq should average 2.9 million barrels per day this year, rising to 4.5 million bpd by the end of […]
Hilton Worldwide today announced its expansion in Iraq's semi-autonomous region of Kurdistan into the city of Sulaymaniyah following the signing of a management agreement with Kurdonia Company for Tourism & Hospitality Ltd, owned fully by Hiwa Rauf Company. The new build, 223-room DoubleTree by Hilton Sulaymaniyah is expected to open early 2015. The hotel will […]
By John Lee. Insurgents blew up the Ceyhan oil pipeline in northern Iraq on Monday night, halting the country's oil exports via the Turkish port (pictured). The attack took place near Tulool al-Baj, some 250 km north of Baghdad, a police source told Xinhua. "The sabotage caused a huge fire at the scene and resulted […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Just days after the 10th anniversary of the US-led invasion of Iraq, US Secretary of State John Kerry has made an unannounced trip to Baghdad to confront the government for granting Iran […]
By John Lee. Shares in Afren fell 1.7 percent following the publication of its full-year results for 2012. Key highlights Record financial results driven by strong production growth (+123%); FY 2013E net production expected to average 40,000 to 47,000 boepd (excluding Barda Rash) Significant exploration success E&A success ratio of 88% 265% reserves replacement ratio […]
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 […]
Distinguished Guests, Ladies and Gentlemen Thank you for inviting me to address this important forum on energy and foreign policy. We in the Kurdistan Region of Iraq have a great respect for Germany, one of the world’s most successful and established federal democracies. Ten years ago, the US and its allies removed Saddam Hussein from […]
The Sulaymaniyah Museum inaugurated a first section of its renovated exhibition halls displaying part of its rare and precious collection of historical objects embedded with ancient scripts. The "In Writing" exhibition comes as a new milestone in the modernization project of the museum, which was initiated in 2010 with the technical support of UNESCO. The […]
