“Erbil Oil & Gas Exhibition”, the most exlusive and utmost industry fair in Kurdistan inspires and guides prospective investors in Kurdish oil. Being the first and only oil and gas sector exhibition in the region, the exhibition provides unparalleled opportunities for the investors. The Northern Iraq Kurdish Administration produces 150.000 bpd; however, the administration is […]
By John Lee. Bloomberg reports that Iraq will increase its exports of Basrah Light crude from the Persian Gulf by 6 percent in the second half of August, compared with the previous two-week period. According to the loading program, Iraq will ship 23 cargoes from the al-Basrah Oil Terminal (ABOT) (pictured), three more than in […]
By John Lee. DNO International, the Norwegian oil and gas company, announced today that its share of oil exports from the Kurdistan Region of Iraq has averaged 40,000 barrels per day from startup ten days ago and that the Company will continue to deliver these volumes at least through the first week of September as […]
By John Lee. Gulf Air plans to restart flights to Iraq and Iran on 20th September after a break of 17 months. The airline, based in Sunni-ruled Bahrain, halted service to the Shiite-led countries at the height of anti-government unrest last year, during which at least 50 people were reported to have been killed. It said […]
By Zanko Ahmad. 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. Two families in Iraqi Kurdistan seem to reserve all the top political jobs for relatives. Recently the ‘crown princes’ both got new, high level jobs. The […]
By John Lee. Shares in WesternZagros Resources were up more than 3% on Thursday as it announced its operating and financial results for the second quarter ended June 30, 2012. Headlines: WesternZagros completed a private placement with Crest at Cdn$1.40 per share for $57 million at an approximate 10% premium to the August 4 closing […]
Building on last year’s success, CWC Group is proud to announce the second Kurdistan-Iraq Oil & Gas Conference, taking place 3-5 December 2012 in Erbil, Kurdistan Region of Iraq. H.E. Ashti Hawrami, the Kurdistan Regional Government's experienced Oil Minister who continues to successfully pioneer Kurdistan's energy sector, has once more given his support and endorsement […]
Reuters reports that OPEC has delayed a meeting of officials to help select its new secretary general, putting off delicate talks that could reignite rivalry for influence as Saudi Arabia, Iran and Iraq seek the top post. A panel of officials was initially planned to convene at OPEC's Vienna headquarters during August, but the meeting […]
Despite increasingly strong links between Iraq and Iran, a disagreement has broken out at ministerial level about Iran's use of water from the Wand River [Wind, Alwand, Hulwan]. According to a report from NINA, Iraq's Trade Minister, Khairallah Babekir [Khayri-allah Babakir, Khairallah Hassan Babiker], has said that he will not sign trade agreement with Iran, […]
By John Lee. If anyone ever doubted the international nature of business in Iraq, just look at the nationalities making the business news in the past week: Iraqi, Turkish and Italian firms building new bridges; Indonesia selling defence equipment; Kuwait doing a seismic survey at Siba gas field; China opening a new consulate in Erbil; […]
By John Lee. Baghdad is to build 15 new bridges worth at total of $300 million (360 billion Iraqi dinars), in an attempt to improve traffic in the city. Eng. Talib Nejim al-Maamouri, head of Baghdad's Engineering Department, told Al-Shorfa news agency: "An agreement was reached with 33 Iraqi, Turkish and Italian companies to start […]
By John Lee. The Iraqi government said on Tuesday that it will exempt Iraqi citizens from paying electricity and water bills until all power plant installations are completed and services are provided 24 hours a day. Salam al-Quraishi, Iraqi government's economic advisor, told Al-Shorfa news agency: "The decision was made after a review of the […]
