While some have criticised the political stagnation in Iraq, it has to be said that the Cabinet has been very active in hitting the road to promote the country on the international stage. Just look at this sample of countries visited in the past two weeks: Iraqi Deputy PM Visits Azerbaijan Iraq Welcomes Singaporean Businesses […]
The Kurdistan Regional Government's (KRG) Minister of Natural Resources, Ashti Hawrami (pictured) has said the Region is planning to sell natural gas directly to Turkey in the next two years. According to a report from AKnews, he told the Caspian Gas Forum in Istanbul that the Kurdistan Region may sell natural gas to Turkey even […]
Iraq's cabinet has approved a supplementary budget for 2012 of 10.875 trillion Iraqi dinar ($9.35 billion), in addition to the $100.5 billion package agreed by parliament in February which was based on an average world oil price of $85 a barrel and crude oil exports of 2.6 million bpd. According to Reuters, budgetary matters usually […]
By Gary Sandiford, Olive Group's Dubai-based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics is a degree activity […]
ABB, the leading power and automation technology group, has won orders worth around $120 million from KAR Construction and Engineering Company Ltd. to design and build a power plant and construct two 400/132 kilovolts (kV) high-voltage substations that will supply power to the Kurdistan region of Northern Iraq. The 640 megawatt (MW) open cycle power […]
Iraq's Deputy Prime Minister with responsibility for Energy, Hussain Al-Shahristani, talks to CNBC about the oil price, the risk of Iran shutting the Strait of Hormuz, and the possibility of rehabilitating the pipeline from Iraq through Saudi Arabia. (Source: CNBC)
Iraq's Deputy Prime Minister for Economic Affairs, Rowsch Nouri Shaways, has led an Iraqi delegation to Azerbaijan. The country's Head of State, President Ilham Aliyev, pointed out Iraq and Azerbaijan have great history of bilateral relations, adding that both countries support each other within international organizations. According to a report from Azerbaijan's Trend news agency, […]
Better Business Bureau (BBB) is warning consumers across the United States to be wary when considering any foreign currency investment, particularly the Iraqi dinar. Over the years, BBB complaints nationwide about dinar investments allege a number of scams surrounding the profit potential of dinar currency investments. For this reason, BBB advises consumers looking to buy […]
The Missan Oil Company has completed the Bazargan [Bazirgan] oil well #25, which is reported by AIN to have a capacity of 170, 000 barrel per day. Ali Maarij, the Director General of the company said: "The US company Weatherford recently finished digging Bazargan well within Bazargan field ... The well entered the service with […]
The Director General of the Iraqi Automobile Company (State Company for Automotive Industry - SCAI?) has said that the company is in negotiation with the Japanese company Nissan regarding a possible partnership to manufacture Nissan cars in Iraq. According to a report from Aswat al-Iraq, he is also in discussions with Korea's Kia Motors. The […]
During a three-day visit to Singapore, Hussain Al-Shahristani (pictured), Iraq's Deputy Prime Minister for energy affairs, told Singapore's Prime Minister Lee Hsien Loong that Iraq welcomes Singapore companies to seek business opportunities in the country. Channel News Asia says Shahristani also conveyed his appreciation for Singapore's technical assistance to Iraqi officials, while Lee hoped that […]
Iraq's government may soon shut down for much of the summer, says an article from Associated Press. A proposed law aims to shorten workdays and help public employees avoid soaring temperatures. It will also cut work hours during Ramadan, which this year begins on 20th July, but the law would for the first time legalise […]
