By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Oil confirmed in late July that Russia’s Bashneft had accepted the ministry’s maximum acceptable remuneration fee (MARF) for exploration Block 12, which was offered in the fourth bid […]
By John Lee. The Iraqi National Youth Orchestra formed three years ago. Since then, an uncertain security situation has made it difficult for them to perform at home. But now they have found a new audience in England. Al Jazeera's Barnaby Phillips reports: (Source: AlJazeera)
By John Lee. CNN's Jill Dougherty reports on allegations Iraq is helping Iran navigate around the sanctions placed on Tehran: (Source: CNN)
By John Lee. Iraq's Deputy Prime Minister with responsibility for energy affairs, Hussein al-Shahristani (pictured), has reportedly said that Baghdad was considering offering foreign oil firms more lucrative contracts. According to a report from Aswat al-Iraq, he admitted that the recent fourth auction of exploration blocks had not been as successful as officials had hoped. […]
By John Lee. Iraqi forces have closed the Al-Qaim border checkpoint with Syria with a three-metre concrete wall, Xinhua reports. Syrian rebels waged fierce battles with regime troops in the town of Albu Kamal [Al-Bukamal] along the Iraqi border, capturing a string of security posts and the local police headquarters. Taking full control of the […]
By John Lee. Vodafone, the world’s second-largest mobile-phone company, is said to be nearing an agreement with Zain to expand access to networks across countries including Saudi Arabia, Iraq and Bahrain. According to a report from Bloomberg, the deal would let UK-based Vodafone lower roaming fees and share handset- purchasing costs. Vodafone is seeking to tap […]
By John Lee. The Iraqi government has reiterated commitments to take all legal actions against the French energy giant Total for signing contracts with Kurdistan region. “We will take legal actions to force the company to sell its share (25%) of al-Halfaya oilfield", said Deputy Prime Minister Hussein al-Shahristani (pictured). Total "was requested to withdraw […]
ShaMaran Petroleum has announced its financial and operating results for the three and six months ended June 30, 2012: Highlights The Appraisal Work Program and Budget on the Atrush Block has been approved by the KRG. The Program consists of 3D seismic and a number of appraisal wells and studies. The Atrush-2 appraisal well was […]
UAE exhibitors to take firm role at international event in Basra as opportunities in Iraq continue to increase The UAE’s oil and gas industry is expected to make a major impact at the third annual Basra Oil & Gas International Conference and Exhibition officially supported by Ministry of Oil and organized by Expotim & Pyramids […]
By John Lee. Un-named US officials have said that the first batch of F-16 fighter jets bought by Iraq are due to be delivered in September 2014, according to a report from AFP. Washington agreed last year to sell 36 F-16 jets to Baghdad as part of a package of deals worth $12 billion covering […]
By John Lee. A spokesman from the parliamentary oil and gas committee has said that $27 billion has been spent on the electricity sector in Iraq since 2003, and that vast amounts of money have been wasted through corruption. According to AKnews, Qasim Mohammed said: "Iraqi Deputy Prime Minister for Energy Hussain Shahristani will be […]
By John Lee. VSE Corporation has reported that its International Group has received a $37.6-million order to provide engineering and training services to the Iraqi Navy in Umm Qasr. The delivery order is for the continuation of work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval […]
