Iraqi Kurdistan needs to spend 200 billion dinars ($172 million) a year on homebuilding, an adviser to the housing ministry, Ammar al- Najjar, told Bloomberg in an interview. “We are capable of resolving the housing crisis in the coming 10 years through building 5,000 units a year ...We’ll need 200 billion dinars a year to […]
AIN reports that the China National Offshore Oil Corporation (CNOOC) has started to dig its first oil well in the Fakka oil field in eastern Maysan [Missan] province. A statement from the Missan Oil Company said that the project to develope the Maysan oil fields of Bazergan [Buzurgan], Fakka, and Abo Gharab [Abu Ghirab] has […]
Sonoro Energy has announce that the company, through a wholly-owned subsidiary, has entered into an agreement to purchase a drilling rig for their planned asphalt operations in Salah ad Din Province. The drilling rig will be transferred to a joint venture company ("JV Co"), to be established by Sonoro and its partners, Berkeley Petroleum Mesopotamia […]
Paul Jennings appeared before Southwark Crown Court in London on Monday charged with alleged offences of conspiring to make corrupt payments to public officials in Indonesia and Iraq to secure contracts for Innospec Ltd for the supply of its products. Mr Jennings, a former CEO for Innospec Ltd, pleaded guilty today to the following charges: […]
A plan to construct a new oil pipeline, with a capacity of 1 million barrels per day, between Iraqi Kurdistan and Turkey has drawn positive responses from many in the oil industry, according to a report from Investors Chronicle. Paul Atherton, finance chief of Heritage Resources, said: "This is an excellent opportunity for Heritage to […]
According to a report from AKnews, Iraq's Council of Ministers has agreed to authorize the Minister of Oil to sign a memorandum of understanding with the Ministry of Energy and Mineral Resources in Jordan in the areas of oil and energy. The five-year agreement includes the construction of a pipeline to transport crude oil and […]
Aswat al-Iraq has reported that a new Iranian electricity supply line has started operations, carrying 100 MW of electricity from Iran. The new line is aimed at meeting the 550 MW of power required by Wasit province. The province currently only receives less than 150 MW from Iraq’s national grid, and consequently suffers from regular […]
AKnews reports that Iraq has received 31,000 tons of Uruguayan rice. Three Canadian ships "loaded with wheat" (sic) arrived at Iraqi ports as part of the country’s efforts to strengthen the food supply program on which 60 percent of Iraqis rely. The ministry started transferring the cargo that arrived through the port of Umm Qasr […]
USA TODAY reporter Jim Michaels elaborates on life in Iraq six months after U.S. combat troops left. (Source: USA Today)
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
DNO International ASA, the Norwegian oil and gas company with operations in Iraqi Kurdistan, is holding its Annual General Meeting in Oslo at this morning. Please click here to download the presentation made by the Managing Director, Helge Eide. A statement from the company added: "The latest results from testing of the Peshkabir-1 well in […]
The KRG Department of Foreign Relations and the UN agencies in Kurdistan have agreed to strengthen mechanisms for sharing information. The meeting was organised by the Kurdistan Regional Government (KRG) Department of Foreign Relations (DFR) to provide an opportunity for a comprehensive activity report between the DFR and the various UN agencies, as well as […]
