ExxonMobil is to be excluded from Iraq's fourth licensing auction because of its deals in Iraqi Kurdistan. "The Iraqi government has decided that Exxon won't be allowed to participate in the next oil and gas bidding round," Faisal Abdullah, a spokesman for Iraq's Deputy Prime Minster for Energy, Hussein al-Shahristani, said on Monday. "We are […]
Following Total's statement on Friday that it was considering possible investments in Iraqi Kurdistan, Deputy Prime Minister for Energy Hussain al-Shahristani warned the French major on Sunday that it would bear the "full consequences" if it did. "The position of the Iraqi government will be the same as with the other oil companies, that no company […]
Leighton Holdings Limited (Leighton) has announced that it has reported to the Australian Federal Police (AFP) a possible breach of its Code of Ethics that, if substantiated, may contravene Australian laws. The possible breach related to payments that may have been made by Leighton’s subsidiary company, Leighton Offshore Pte. Limited, in connection with work to […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th February 2012). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,374 / $1,507, +0.2% (weekly change). The number of weekly traded shares was 28.1 bn and the weekly […]
The following article was published on Saturday 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 […]
A Basra iron and steel company will be given $700m (816 trillion Iraqi dinars) over the next 15 years by Turkish backers, reports AKnews. After visiting the factories of the General Company for Iron and Steel [State Company for Iron and Steel (SCIS)], a delegation from Turkish company United Brothers made a proposal to increase […]
Premier Nouri al-Maliki called on South Korea to provide Iraq with military training planes, as well cooperation in other armaments, according to Aswat al-Iraq. During his meeting with South Korean State Minister for Military Industries, Nu D Lee, Maliki called for activation of all contracts signed with the Korean side, in addition to supporting projects […]
Iraq's state-owned General Company for Car Manufacturing has announced its intention to sign a contract with the South Korean Hyundai Company to construct a complete car manufacturing line within 3 years, reports Aswat al-Iraq. The Iraqi company has already built up special car assembly and manufacturing lines in its efforts to expand the stages of […]
Romanian company Syscom 18 has won two orders, totalling EUR 3 million, to provide metering skids for petroleum products in Iraq and Bahrain. The products are to be delivered by the end of this spring. Irak and Bahrain chose the Romanian company instead of companies from India and Pakistan, which are the main suppliers for liquids […]
Reuters reports that the Iraqi government had submitted a bill to parliament that would impose new restrictions on security firms to reduce the number of contractors and their private arsenals. "What the Interior Ministry worries about is that there is a giant army of these companies on the streets with their weapons," Deputy Interior Minister […]
AKnews reports that Iraq's policy makers are working on a draft bill for the creation of a real estate board to make it easier for members of the public to build their own houses. Abdul-Hussein Abtan, a member of the acting Economic Committee, said it hopes to allow the construction of thousands of residential units […]
On his first visit to Kurdistan, the Greek Ambassador to Iraq, Dr Mercourios B. Karafotias, said that he was surprised to see the level of progress that is being made in the Kurdistan Region. In his meeting with President Masoud Barzani on Tuesday, the Ambassador assured the President that the Hellenic Republic wants to play […]
