By John Lee. Richard Wadsworth, CEO of Sonoro Energy, talks to Proactive Investors at the Oil Council World Assembly. He says the company's licence area in the Salah ad Din Province in Northern Iraq is in a "very prolific, attractive" basin: (Source: Proactive Investors)
By John Lee. Lebanon's biggest bank, Bank Audi, plans to enter the Iraqi market late next year. Chief Executive Samir Hanna (pictured) told Reuters that its new Iraqi operation will be a subsidiary of its Turkish business, which it launched in October and which is trading "more than 50 percent ahead" of the bank's target. […]
British Ambassador opens workshop to combat sexual violence As part of a global initiative to prevent violence against women, the British Ambassador to Iraq, Simon Collis, yesterday opened a workshop organised in cooperation with the British Embassy and the Ministry of Interior. A British expert in women’s rights, Harriet Ware-Austin, chaired the workshop which was […]
By John Lee. Iraq’s state grains board has purchased a total of 350,000 tons of wheat from Australia, Russia and Canada in a tender for a nominal 50,000 tons which closed last week: 200,000 tons of Australian wheat purchased from Glencore at $404.89 cif; 50,000 tons of Russian wheat, also from Glencore, at $399 a tonne […]
Ukraine’s Foreign Minister Gryshchenko Kostyantyn on his first visit to the Kurdistan Region met with President Masoud Barzani, Prime Minister Nechirvan Barzani, and government ministers in Erbil. Mr Kostyantyn came to the Kurdistan Region as part of his visit to Iraq and arrived in Erbil from Baghdad. President Barzani and Foreign Minister Kostyantyn discussed ways […]
By John Lee. The Serbian ambassador to Baghdad, Radisav Petrovich, has expressed his country's desire to invest in Iraq in general, and in Wassit province in particular. At a press conference in the city of Kut, the Ambassador Petrovich said a cooperation agreement will be signed shortly between the two countries. He added that an […]
By Mohammed Omar al-Qaysi. 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. Farmers in Ninawa are being forced to abandon their farms in droves because of desertification. And now they say, to make matters worse, those who […]
By John Lee. Iraq's Ministry of Transport has reportedly signed a contract with a Greek company to construct the eastern breakwater and dock services for the new Grand Faw sea-port. According to NINA, the project will cost 204 million Euros, equivalent to 315 billion Iraqi dinars. While the name of the company was not mentioned, […]
Scottish-based Cresent is delivering the most significant contract in its 30-year history after signing a multi-million pound deal to supply health and safety training products for workers in Iraq’s giant Rumaila oilfield. Cresent has been awarded the contract by BP Iraq, which is operating the field in a joint venture with PetroChina and the National […]
By John Lee. Foreign Minister Hoshyar Zebari met his Ukrainian counterpart Konstantin Krishenko and his accompanying delegation in recent days. The two sides held talks on strengthening bilateral relations and ways of developing them, which coincided with the twentieth anniversary of the establishment of relations between Iraq and Ukraine. They signed a joint statement on […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd November 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,524 / $1,648 (+1.4%) (weekly change). The number of week traded shares was 43.3bn and the weekly trading volume was ID41.8bn ($34.8mn). ISX Company Announcements […]
By John Lee. Iraq's oil ministry spokesman, Assem Jihad, said the country exported 81.3 million barrels of oil in October -- an average of about 2.62 million bpd -- compared with about 2.6 million bpd in September. At an average price of $105.51 per barrel, revenues hit $8.578 billion, up from $8.4 billion the previous […]
