Dana Gas PJSC, the Middle East’s leading private-sector natural gas company, and Crescent Petroleum, the Middle East’s oldest private oil and gas company, in their capacity as joint operators, have announced that the total investment on behalf of the partners in gas operations in the Kurdistan Region of Iraq has exceeded US$1 billion. Total cumulative […]
By John Lee. The Missan Oil Company has finished drilling one of the new wells at the al Halfaya field. Director General of the company, Ali Imurig Soadj, said that the BOHI company, contracted by Petrochina, completed the HF-107-K107 well at the al Mushrif reservoir. Thirty-five wells have been drilled at Halfaya, including 8 old […]
By John Lee. An online, student-run producer and broadcaster of live interactive TV and documentaries, first established at UK's Warwick University in 2011, has been introduced to the University of Kurdistan-Hewler in Iraq. UKH SIBE held its introduction event recently and received a warm welcome with just under 400 students, around 40 percent of the student […]
By John Lee. Iraq plans to spend $130 billion on the country’s upstream sector over the next five years, according to a report from Bloomberg. Speaking at a conference in Basra, Oil Minister Abdel-Kareem al-Luaibi [Elaibi] (pictured) said the expenditure will be necessary to help raise production capacity to 9 million barrels a day (bpd). […]
By John Lee. Direct flights have been launched between Iran's Western city of Oroumiyeh [Urmia] and Erbil in Iraq Kurdistan. The Director of Oroumiyeh International Airport, Kamal Parhizgar, said the flights would be scheduled on Sundays and Thursdays. (Source: PUKmedia)
The Iraq Britain Business Council (IBBC) has welcomed a new initiative to boost the Iraqi jobs market. A weekend conference in Basrah - sponsored by the Ministry of Oil and supported by Shell - has been investigating how to revitalise the Iraqi private sector by ensuring contracts with oil majors went to local firms. Oil […]
By John Lee. Italy’s new ambassador to Iraq, Massimo Marotti (shown here presenting his credentials to Minister of Foreign Affairs, Hoshyar Zebari, in January), has said that Italy considers the Kurdistan Region as the “gateway” to Iraq. On a recent visit to Erbil, he said: "Trade between the Kurdistan Region and Italy has reached $4 billion […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Americans are still paying for the Iraq War that lasted nearly a decade. And costs are still expected to surge. When the conflict started ten years ago this month, it was expected to […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. As the world discusses the legacy of the Iraq war on the 10 year anniversary of the US-led invasion, one group that appears to have clearly benefited from the conflict is Iraq's […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It's a war that cost the US over 4,400 lives, 32,000 injuries and more than $800 billion. Ten years on, Americans look back on the war in Iraq and ponder if it was all […]
Representatives of 500 CSOs have presented their vision for an agreement between public authorities and civil society in the Kurdistan region of Iraq following four months of consultations. The draft agreement, which will serve as a basis for upcoming discussions with Parliament and Government, is intended to improve cooperation between public authorities and civil society […]
ShaMaran Petroleum has announced its financial and operating results for the year ended December 31, 2012. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States Dollars. Highlights The Company announced on February 4, 2013 an increase of 35% in Best Estimate 2C Contingent Resources […]
