Reuters reports that iraq's oil ministry has asked consultants to draw up a plan with a lower output level and longer timeframe to achieve its oil output plans. Iraq's existing deals with international oil firms aim to boost its output capacity to 12 million bpd by 2017 from around 2.95 million bpd currently. But Iraq […]
Iraq bought 120,000 metric tons of rice from India and Pakistan, reports BusinessWeek. The total amount consisted of 90,000 tons of the grain from Pakistan and 30,000 tons from India, said Hassan Ismail Ibrahim, director general of Iraq's Grain Board. Iraq consumes 1.25 million tons of rice a year, mostly imported, according to Ibrahim. The […]
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. […]
Under the patronage of His Excellency the Prime Minister of Iraq, the Ministry of Planning lunched findings of Iraq Knowledge Network (IKN) survey. The Deputy Minister of Planning and Head of Iraq’s Central Statistics Organization, Dr. Mehdi Al-Alak, and the Deputy Special Representative of the United Nations Secretary-General and Resident & Humanitarian Coordinator for Iraq, […]
Speech by KRG Minister Herish Muharam, Chairman of the Kurdistan Investment Board, to “Iraq – Untapped Opportunities” Conference in London. Ladies and Gentlemen, I’m very pleased to participate in this important conference on the untapped opportunities in Iraq. As the Chairman of the Kurdistan Board of Investment, it’s my pleasure to be speaking to you, […]
Following the signing of the gas deal with Shell and Mitsubishi, the Iraqi Oil Ministry is considering exploiting flared gas at other oilfields, including in Missan [Maysan]. The Minister of Oil, Abdul Karim Luaibi [Abdul-Kareem Elaibi] told AKnews that the Iraqi government is considering projects similar to the Basra Gas Company. It is noteworthy that […]
According to a report from Tokyo Times, Japan's Minister for Economy, Trade and Industry, Yukio Edano (pictured), has told Nuri al-Maliki of Japans’s desire to work on the development of Iraqi oil fields. It was reported that a Japanese consortium led by Nippon Oil had been optimistic about securing the right to develop the Nasiriyah oil […]
Bloomberg reports that Iraq plans to import 3 million metric tons of wheat in 2012, with tenders starting in January. Hassan Ibrahim, director general of the country’s grain board, said in an interview that the grain board wants $3 billion to spend on grain imports next year, up 10 percent on the 2011 figure. Iraq […]
AKnews reports that trade between the United Arab Emirates (UAE) and Iraq trade was worth $6.5 billion USD (7,500 billion IQD), up from $5 billion USD (6,000 billion IQD) in 2009 according to Iraqi Government figures. The two countries hope to continue this trend and increase trade to $7 billion USD (8,000 billion IQD) at […]
The Oil and Energy committee of Iraq's Council of Representatives announced on Sunday that there are 10 oil fields stradling the Iraqi-Kuwaiti border that are waiting to be demarcated, according to AKnews. Committee member Furat al-Sharei told the agency that the oil will be extracted from these fields after finding joint mechanisms between the countries. […]
Bloomberg presents a news article on investment in Iraq: (Source: Bloomberg)
Iraq's oil exports averaged 2.135 million barrels per day in November compared with 2.088 million bpd in October, according to Falah Alamri, head of the State Oil Marketing Organisation (Somo). Iraq exported 1.712 million bpd from the southern oil hub of Basra and 423,000 bpd from the northern oilfields around Kirkuk, including 10,000 bpd shipped […]
