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 […]
Fox News reports that General Motors (GM) sold approximately 35,000 vehicles in Iraq last year. The company's Global Communications Officer, Klaus-Peter Martin, told Fox that the number was up from just 1,000 vehicles five years ago. General Motors manages the Middle East region from an office in Dubai, and markets its cars and trucks in Iraq […]
All interested international companies are invited to participate in the "Iraq Energy EXPO and Conference", April 23th – 26th, 2012 at Baghdad International Convention Center. Iraq Ministry of Oil, is urging all companies to pre-qualify to do business with ministry by participating in Iraq Energy EXPO and Conference, April 23th – 26th, 20121 at Baghdad […]
Rasun, part of the Vano Group, one of Iraq’s premier agriculture companies and the Ross GP distributor for Iraq, has announced an agreement to extend its Grandparent (GP) production base in order to meet the growing demand for Ross 308 Parent Stock (PS) and broilers in the country. Rasun has quickly become one of the […]
From CNN: (Sources: CNN, Musings on Iraq, Youtube)
Iraq’s trade ministry bought 35 percent more rice from local producers in the last season, compared with the previous one, reports Bloomberg. Hassan Ibrahim, director general of Iraq’s Grain Board, told the agency that the ministry purchased 112,000 metric tons of rice from local producers at a price of 750,000 dinars ($643.78) a ton in […]
Today we are proud to bring you the 100th edition of our Iraq Business News newsletter, and during that time it has been our pleasure to provide you with essential news and top-class business intelligence. From a modest start, our newsletter is now read by more than 11,000 people each week, while our website receives […]
The Iraqi housing and rehabilitation minister, Mr Mohammad Darraji, has urged Jordanian construction firms and contractors to enter Iraq, reports Steel Guru. Jordanians have a real opportunity to contribute to Iraq's huge rebuilding projects, for which the government has allocated $40 billion in 2012, he said. Mr Darraji made the remarks during a meeting with […]
