Iraq's communications regulator has decided to fine mobile phone operator Asiacell $8,500 per day since September 1, 2011 for failing to list on the local stock exchange, according to a report from Reuters. Ahmed Alomary, commissioner of Iraq's Communications and Media Commission (CMC), also told the agency that the regulator had also decided to fine […]
Hitachi Plant Technologies and Sumitomo Corporation have concluded an agreement with Iraq's South Oil Company (SOC) to commence investigations for introduction of Hitachi Plant Technologies’ advanced water treatment system for the Iraqi oil industry. Iraq is expected to be one of high oil-producing countries of the world, and further investment in oil development such as […]
Delegates to CWC‘s Iraq Petroleum 2012 conference in London last week received an update on the country's refining capacity and plans from H.E.. Dr Bayazeed Hassan Abdullah, MP, member of the Oil and Energy Committee of the Iraqi Parliament. He said the twelve existing refineries have a combined capacity of up to 886,000 barrels per […]
Mr Hans Nijkamp, the head of Shell's operations in Iraq, has highlighted the success in removing explosive remnants of war (ERW) at the Majnoon oilfield, in which Shell has a 45% stake. Speaking at CWC‘s Iraq Petroleum 2012 conference in London last week, Nijkamp said that more than 12 million square metres had been cleared […]
Gulf Keystone provided an update on Tuesday on its ongoing appraisal programme at the Shaikan block in the Kurdistan Region of Iraq, which is a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of 10.5 […]
According to a report from AIN, the Iraqi Government has proposed the development of an 'Organization of Gas Producing Countries', similar to OPEC, which was founded in Baghdad in 1960 as an initiative from the Iraqi government. The Deputy Prime Minister for Economic Affairs, Dr Rowsch N Shaways, said in his speech to the International […]
Rotondo Weirich’s (RW) UAE partner company, RW Middle East, has started work on an investment housing contract awarded to the Iraqi Developer Sama Al Douh Contracting and Real Estate Investments by the Iraqi Ministry of Housing. Sama Al Douh has selected RW Middle East to design and build the residential development in Simawah [Samawa], Iraq, […]
The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency, according to a report from AKnews. The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order […]
At CWC‘s Iraq Petroleum 2012 conference in London last week, the head of Shell's operations in Iraq gave a detailed account of progress at the Majnoon oilfield, in which Shell has a 45% stake. Mr Hans Nijkamp said that Shell Iraq Petroleum Development manages all contracts on behalf of the Majnoon venture, and that there […]
The Foreign Minister of Poland was joined by Prime Minister Nechirvan Barzani and the Foreign Ministers of Sweden and Bulgaria to officially inaugurate the new Polish consulate office in Erbil today. The plans to establish a presence in the Kurdistan Region were announced last year by Poland’s Ambassador to Iraq, Mr Stanislaw Smolen, and were […]
Iraq's Deputy Prime Minister says ExxonMobil is still engaged with the West Qurna-1 oil-field in the south of the country. At CWC‘s Iraq Petroleum 2012 conference in London last week, Dr Rowsch N Shaways told Padraig O’Hannelly for Iraq Business News : "To my knowledge, Exxon is still operating in the South, with current contracts. […]
John Teeling, Chairman of Petrel Resources, made the following comments on the company's Iraqi operations in its preliminary results for the Year Ended 31 December 2011: "First formed in the 1980's to explore offshore Ireland, Petrel entered into Iraq in 1999. We worked diligently with the Iraqi Oil Ministry and in 2002 agreed an exploration […]
