A senior delegation from the Kurdistan Regional Government discussed ways to further strengthen bilateral relations with the UK at a meeting with Britain's Minister for the Middle East, Alistair Burt. Falah Mustafa Bakir, Head of the KRG Department of Foreign Relations, and Professor Serwan Baban, Minister of Agriculture and Water Resources, met Mr Burt while […]
By John Lee. The chief executive of French energy giant Total, Christophe de Margerie (pictured), has said that it is not clear if Iraq wants the company to withdraw from the Halfaya oilfield due to its dealings in Iraqi Kurdistan. Total recently acquired a 20 percent interest in the Taza oil exploration block there from […]
Iraqi Deputy Prime Minister for Energy Hussain Shahristani speaks to Reuters about crude production in the country and the global oil market outlook. (Source: Reuters)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th November 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,502 / $1,625 (+2.3%) (weekly change). The number of week traded shares was 43.1bn and the weekly trading volume was ID39.9bn ($33.3mn). ISX Company Announcements […]
By Mustafa Habib. 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. Since it lost the race to power in 2010, major opposition bloc Iraqiya has been shrinking, with defections and internal dissent. Now two leading members want […]
By John Lee. Iraq's Ministry of Health has announced that it will build two 400-beds hospitals in the provinces of Kirkuk and Muthanna. Azzaman reports that the Ministry has signed contracts totalling $290 million with foreign companies to build the hospitals, which are part of a plan to construct 11 such facilities. A Turkish firm is […]
By John Lee. A member of the Energy Committee in Maysan Provincial Council has called on the Ministry of Oil to grant the province the right to take part in running the oil sector in the province, according to a report from AIN. Ammar Nasrallah told the news agency: "We call to apply the constitutional […]
By John Lee. Vast Exploration has announced that along with its consortium partners, Niko Resources and Groundstar Resources, it has entered into a relinquishment and termination agreement with the Kurdistan Regional Government to surrender their collective interests in the Qara Dagh Block (pictured). Vast acquired a working interest in the block under a production sharing […]
By John Lee. Reuters reports that Iraq's representative to the Arab League said that Arab states should use oil as a weapon to put pressure on the United States and Israel over the attacks on Gaza. Qais al-Azzawy told reporters in Cairo on Friday: "Iraq will invite (Arab) ministers to use the weapon of oil, […]
By John Lee. Reuters reports that "thousands" of people are still speculating on a huge upward revaluation of the Iraqi dinar, which it describes as "one of the chanciest investments in the world". It quotes a Las Vegas-based speculator, who previously lost most of his retirement fund on the stock market, as saying: "It's not […]
By John Lee. DNO International ASA, the Norwegian oil and gas company, today announced that gross production across its oil and gas portfolio has exceeded 100,000 barrels of oil equivalent (boe) per day for the first time, split two-thirds from the Kurdistan region of Iraq and the balance from Oman and Yemen. On a Company […]
Shares in Heritage Oil closed down 1.9 percent on Thursday, following the company's interim management statement. The companay gave the following update on its operations in Iraqi Kurdistan: Following the Initial Sale, HEME currently holds a 49% interest in the Miran Block and continues to act as operator. Miran West Initial work-over operations to prepare […]
