Reuters reports that Iraq has delayed its 4th energy auction until the end of May. "The oil ministry has decided to delay the 4th bidding round until May 30-31 to give more time for the interested companies to study the new amended contract," said Abdul-Mahdy al-Ameedi, director of the oil ministry's petroleum contracts and licensing […]
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. After months of waiting, we look to be in the final stages of government reshuffle. Around the world that is a time when the political system takes a deep breath, scans […]
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. […]
Saudi Telecom (STC), the kingdom’s largest telephone company, has reportedly abandoned plans to bid for Iraq’s fourth mobile-phone licence after delays in awarding the contract. Ghassan Hasbani, the company’s chief executive officer for international operations, told MEED that they will only be interested in the licence if they receive “concrete” information from the government. (Sources: […]
The fourth of the new routes into Iraq by low cost airline flydubai was completed today with the inaugural flight to Najaf. It began its three-times weekly service to Najaf today when the inaugural flight, FZ221, departed Dubai Terminal 2 at 0700hrs, and landed in Najaf International Airport at 0840hrs local time. The return flight, […]
The Managing-Director of Iran's Ports and Maritime Organization (PMO), Seyed Ataollah Sadr, announced on Sunday that Iran and Iraq have reached an agreement on launching a joint shipping line. Speaking to the Iranian Fars News Agency, Sadr said the move will provide the groundwork for private companies from both countries' to set up a joint […]
Iraq's Commission of Integrity (CoI) reports that it referred 4,365 cases of suspected corruption to the courts in 2011. The number of individuals accused in those cases was 5,682. The statistics, made by the Legal Office/CoI, showed the number of the distribution of these referrals is as follows: These numbers represent cases that were processed […]
The Sunday Times, citing unidentified industry sources, reports that French oil and gas producer Total is close to securing exploration rights over several exploration blocks in Iraqi Kurdistan. A deal could be announced within weeks, according to the newspaper. Chevron and ConocoPhillips are also believed to be competing for rights in the semi-autonomous region, following […]
According to a report from Bloomberg, Iraq will complete the initial planning for a 150,000 barrel-a-day refinery in Kirkuk in April. Shaw Energy & Chemicals Ltd. has completed 60 percent of the refinery’s front-end engineering and design (FEED) phase, the director general of North Refinery Company, Abdulghafoor Abduljabbar said at an oil forum in Tokyo […]
The following is a presentation by General Barry R McCaffery (USA, retired), on the threat of an Iranian closure of the Strait of Hormuz. Barry McCaffrey served in the United States Army for 32 years and retired as a four-star General. At retirement, he was the most highly decorated serving General, having been awarded three […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th January 2012). Please click here to download a table of listed companies and their associated ticker codes. ISX is pleased to announced that is has successfully connected Rabee Securities/Sulymania Office with ISX E-Trading System. Trading and execution are now available from Rabee Securities/Sulymania starting […]
Despite objections from Baghdad, ExxonMobil already has personnel on the ground in Iraqi Kurdistan, according to Reuters. Whiel the company has kept silent on its exploration agreement with the Kurdistan Regional Government (KRG), one central government regards as illegal, one Western industry source in Erbil told the news agency: "They [Exxon] are definitely here and […]
