Iraq will reduce its exports of Basrah Light crude from the Persian Gulf by 15 percent in the first half of June compared to the second half of May, according to Bloomberg. A loading program seen by the news agency shows that the country plans to ship 19 cargoes from the al-Basrah Oil Terminal (ABOT), […]
Gulf Keystone and Genel Energy have updated the markets on their operations at Ber Bahr-1, the first exploration well on the Ber Bahr block in the Kurdistan Region of Iraq: The Ber Bahr 1 well has now completed drilling and initial testing. The well was drilled to 3993m in the Chia Zairi formation. The well […]
The economy and investment committee of the Iraqi Council of Representatives announced on Tuesday that it has rejected the government's request to delay the application of the customs law passed in 2008. Committee member Mahma Khalil said, "we fear that the government was put under pressure from traders and some states to reverse the application […]
AKnews reports that Iraq's Ministry of Industry has signed a £3-million contract with a Turkish company for the production of fire extinguishers. The company signed the deal with Iraq's state-owned al-Kanadi company, which is headed by Yousuf Hussein Yousuf. "The contract came within the allocations of the investment plan for the years from 2010 until […]
Jawad al-Bazouni, an MP for the National Alliance, has told Aswat al-Iraq that four power generators were found forgotten in storage at the Khor al Zubair port. After receiving information about them, Bazouni found them during a tour of the port. Following inspection, it was found that three of the generators entered Iraq in 2005 but […]
Kurdistan's Ministry of Agriculture and Water Resources has announced a ban on importation of certain fruits and vegetables from next month, according to AKnews. The Marketing Director at the ministry, Nouri Ismael, said that this comes as a result of the region achieving self-sufficiency in these agricultural products. Peppers will be banned permanently, while cucumbers, […]
Students on the Kurdistan Regional Government’s scholarship programme in the UK last week made presentations about their academic research and heard about the support that the KRG UK Representation provides to students at a seminar hosted by the Kurdistan Medical and Scientific Federation. The KMSF hosted the event at Aston University in Birmingham in what […]
President Masoud Barzani welcomed US Ambassador James Jeffrey on Sunday for a farewell visit to the Region as he concludes his term in Iraq. Ambassador Jeffrey thanked President Barzani and the Kurdistan Regional Government for their important role during his two year posting in Iraq. “I thank you for your support and cooperation. Under your […]
According to a report from Bloomberg, Iraq has signed the contract with South Korea’s Hanwha Engineering & Construction to build 100,000 residential units in Baghdad. Salah Abdul Razzaq, Baghdad’s governor, said more than 30,000 people are registered for the units so far, adding that the project will secure 100,000 jobs. Previous reports put the value […]
The Central Bank of Iraq (ICB) said on Monday that it has begun to pay the small depositors in Warka Ahli Bank for Investment, reports AKnews. Following a financial crisis, the bank was placed under ‘guardianship’ in March. The Deputy governor of the bank, Muzher Mohammed Saleh said: "There is payment for small depositors in […]
An energy company based in the United Arab Emirates has reportedly signed a contract with Iraq's Free Zones Department to invest in the Khor al-Zubair Free Zone. In a statement received by Aswat al-Iraq, the project will cover an area of 16,000 square meters. It was also announced that an Iraqi company will invest in […]
A high-profile Dutch business delegation, led by Dutch charge d' affaires Lars Tomers, visited the headquarters of Basra Investment Commission on Friday to discuss the investment plan in Basra and the possibilities for Dutch companies. They agreed to hold another meeting in June, according to Aswat al-Iraq. Meanwhile, AKnews reports that a 25-member business and […]
