Minister Falah Mustafa, the Kurdistan Regional Government's Head of Foreign Relations, met Lord Howell, Foreign Office Minister in the House of Lords, in London. He also met other ministers and British parliamentarians, and thanked them for their support for the Kurdistan Region. Minister Mustafa and Lord Howell discussed ways of deepening the already good relations […]
By John Lee. Australian construction group Leighton Holdings has sacked a senior manager, whom it did not name, as part of its probe into allegations of bribery related to its $1.3 billion of oil contracts in Iraq. The company said "its internal review of the Iraq projects undertaken by its subsidiary, Leighton Offshore Pte Limited, […]
KRG Prime Minister Nechirvan Barzani on Thursday inaugurated the first electricity plant anywhere in Iraq to be converted to a combined cycle system. The conversion will increase the amount of electricity produced without using extra fuel to run the plant, to support the growing electricity needs of the Kurdistan Region and Iraq. Speaking at the […]
The Iraqi Higher Education and Scientific Research Minister, Ali Al Adeeb, has confirmed its agreement with Australia to grant 400 masters and Ph.D scholarships for Iraqi students in majors such as medicine, engineering, science and agriculture, according to a report from Alsumaria TV. On Friday he met with the Education Minister of Victoria state, an […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,310 / $1.429, (-0.8%) (weekly change). The number of week traded shares was 15.3bn and the weekly trading volume was ID21.7bn ($18.3mn). ISX Company […]
The Chairman of Baghdad Investment Commission, Shaker al-Zamili [Shaker A Shabib] (pictured), has announced that five investment licences worth $515 million have been granted: a residential complex in Ghazaliya for employees of the Office of the Financial Supervision; a residential complex in Zafaraniya; a gynecological hospital in Cairo neighbourhood; a surgical hospital in Waziriya; a […]
Iraq's Ministry of Electricity has announced that it was producing at a rate of 8,027 MW at the end of June, "the highest since the foundation of the MoE". Spokesperson Musab al-Mudaris said that production would increase to "up to" (sic) 9,000 MW by end of July. According to the report from AIN, this compares […]
DNO International, operator of the Tawke license in the Kurdistan Region of Iraq, has today issued an update on operations: DNO has completed testing of the Peshkabir-1 well and is preparing to submit a discovery notice pursuant to the terms of the production sharing contract covering the Tawke license. Drilled to a total depth of […]
Iraq's oil revenues dropped by 17.6 percent from May to June due to plummeting prices in the international market and the diversion of some production to meet domestic needs. Oil Ministry spokesman Assem Jihad said Iraq earned $6.453 billion from 72,090 million barrels exported in June at an average price of $90 per barrel, compared […]
Shares in ShaMaran Petroleum jumped over 8% on Thursday following an update on operations the Atrush and Taza blocks in Iraqi Kurdistan: Taza ShaMaran reports that the Taza-1 well, located in the Taza PSC in the Kurdistan Region of Iraq, commenced drilling on July 3, 2012. The Taza prospect is located approximately 80 kilometres southwest […]
The Kurdistan Region's Prime Minister, Nechirvan Barzani (pictured), has announced that the foundation stone for the new Duhok Airport will be laid within two months. AKnews reports that he said that his government will soon begin building hospitals in the city, town and districts of Duhok. The news comes after Barzani's meeting with Duhok governor […]
flydubai, Dubai’s innovative low-cost airline, has added another Iraqi destination to its network, with four-times weekly flights to Basra scheduled to begin on 8 August 2012. Basra joins the capital, Baghdad, plus Najaf, Sulaimaniyah, and Erbil, swelling flydubai’s Iraqi route map to five points, one of the most comprehensive networks to Iraq in the region. […]
