The 9th Maghreb Mediterranean MidEast Upstream 2012 Conference in Geneva is part of Global Pacific & Partners worldwide suite of senior management conferences that it has conducted annually for over two decades, and Iraq Business News is delighted to be chosen as a Media Partner. Our MENA-Med Conference showcases the regional exploration, oil/gas-LNG and energy […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th August 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,377 / $1,489 (-2.2%) (weekly change). The number of week traded shares was 4.7bn and the weekly trading volume was ID10.1bn ($8.4mn). ISX Company Announcements […]
Message received from the Prime Minister's Office With respect to your letter to Dr. Hamid Khalaf Ahmad, head of the Prime Minister's Office, and your invitation to the Prime Minister to attend the International Conference and Exhibition on Banking, Finance, and Investment in Iraq, we would like to inform you that His Excellency the Prime […]
By John Lee. Iraq's Petroleum Contracts and Licensing Directorate, part of the Ministry of Oil, has announced that it is working on the launch of the country's 5th energy licensing round. This round of bidding will relate to gas prospects only, with the PCLD saying it will: Choose the exploratory areas that have high and promising […]
By John Lee. Iraq's Petroleum Contracts and Licensing Directorate, part of the Ministry of Oil, is preparing for a licensing round to develop the Al-Nasiriya oil field, and to build a refinery in the area. These will be considered as a single complete project, and qualified companies will soon be invited to tender. (Source: Ministry of […]
By John Lee. The General Company for Iraqi Ports has signed a contract with a specialized Company to rehabilitate a courtyard for storing containers in Um Qasr seaport. A statement by the Transportation Ministry said: "The Head of Northern Umm Qast port, Safa Abdul Hussein, signed a contract with Alaq Almisk and Almisnav Company to […]
Outgoing Japanese Ambassador Susumu Hasegawa met on Wednesday with President Barzani to bid him farewell as he prepares to leave Iraq. Ambassador Hasegawa thanked the President and the Kurdistan Regional Government (KRG) for their support and assistance. He discussed Japan’s relations with Iraq and the Kurdistan Region, as well as the projects that Japanese institutions […]
By Hoshnag Ose. 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. A recent stoush between Iraqi and Iraqi Kurdish forces near the Syrian border is a symptom of the “arms race” between the two. They act more […]
Our Expert Blogger Ahmed Mousa Jiyad talks to Robert Tollast about Iraq’s energy revolution. RT: The involvement of major US IOC’s such as Exxon and Chevron in Iraqi Kurdistan has sparked a war of words between Baghdad and Erbil. Possibly concerned about a breakdown in relations between the KRG and Baghdad, the US State Department […]
By John Lee. In its half-yearly report issued on Thursday, Irish engineering services group Kentz announced that it was recently awarded a new engineering design contract in Iraq. The company will serve as the main FEED (front-end engineering and design) contractor on the Tuba Project, comprising part of the overall development of the West Qurna […]
By John Lee. In July 762 AD, Caliph Abu Jaafar al-Mansur commissioned the building of a city on the River Tigris. Baghdad rapidly became a centre of learning and an economic and political powerhouse. Today, despite a population of over 7 million, the city's standing is greatly diminished; security continues to be a problem, and […]
By John Lee. Delays in the construction of an Iraqi pipeline threaten to stall production at Shell's Majnoon oilfield for at least three months, forcing the field to miss a 2012 target of 175,000 barrels per day, reports Reuters. In February, production at Majnoon was 54,000 bpd, Shell says, but averaged only 18,600 bpd for the […]
