The provincial council of Iraq's Sunni Arab majority Salahaddin province voted on Thursday to declare the province an administratively and economically autonomous region within the “Unified Iraq”, similar to Kurdistan, according to reports from AFP and Al Sumaria. However, for the decision to take effect, it must still be approved in a referendum by residents […]
Karim Sinjari, the Kurdistan Regional Government's Interior Minister, yesterday met Alex Salmond, Scotland's First Minister, who offered Scotland's cooperation in a wide range of fields and discussed ways to strengthen relations among the peoples of both nations. Minister Sinjari separately met Kenny MacAskill, Scotland's Justice Secretary, and visited the Scottish Police College. The meetings were […]
The rush is on for exploration and production real estate in Iraq. Companies with promising licences, or existing operations, are clearly very desirable to potential investors, and so have had little difficulty tapping the markets for more funds. In recent weeks alone we've seen: WesternZagros Resources raise C$46 million from the Abu Dhabi National Energy […]
Senior executives and industry experts gathered at the three day conference and seminar Iraq Mega Projects 2011 hosted by The CWC Group at the Ritz Carlton, Istanbul between the 18-20 October 2011. Focusing on the recent developments of Iraq’s oil and gas fields, water projects drilling activates, infrastructure growth and corporate social responsibility the event […]
Former BP chief executive Tony Hayward (pictured), who heads the cash-rich Genel Energy group, said he would be interested in buying Norwegian oil company DNO and its Kurdish oil licences. Norwegian newspaper Finansavisen reported on Tuesday that the remarks come a week before DNO shareholders are to vote on a contested proposal to buy UAE-based […]
Russia's RIA Novosti reports that the country's largest private oil firm, LUKoil, has started exploration drilling on the giant West Qurna-2 oilfield in Iraq. Company head Vagit Alekperov said on Tuesday, "we have launched drilling, well borers are already there". In 2009, a consortium comsisting of LUKoil and Norway's Statoil won a tender to develop […]
According to The Saudi Gazette, the Iraqi government has earmarked an estimated $50 billion for airport development projects in Iraq over the next few years. Iraqi Airways is scheduled to add new 55 Boeing and Bombardier aircraft to its fleet soon. The emerging markets of China, Russia, India, the Middle East, and Africa are forecast […]
ShaMaran Petroleum reports that, subject to regulatory approval, it will carry out a non-brokered, private placement of up to an aggregate of 125 million common shares of the Company at a price of $0.40 per share for gross proceeds of up to Cdn $50 million. Shares issued pursuant to the private placement will be subject […]
Subsea excavation specialists Marin Group recently played a key role in clearing unexploded ordnance from the route of three new pipelines crucial to Iraq's future oil exports, according to an article in Maritime Journal. Operating company Marin Subsea Ltd was contracted by UK based Maritime and Underwater Security Consultants (MUSC), which had been awarded overall […]
Unique System FZE, a Unique Maritime Group company, has recently been awarded a $5.2m contract to supply a 12 MAN ABS Classed saturation system and 3 air diving systems for the Leighton Offshore diving project, based in the Middle East. Unique Maritime Group will provide their 12 MAN ABS Classed saturation system, complete with SPHL […]
Dr David Turner appeared before Westminster Magistrates' Court in London, England, on Tuesday. He is charged with alleged offences of conspiring to make corrupt payments to public officials in Indonesia and Iraq to secure contracts for Innospec Ltd for the supply of its products. He is also charged with conspiring to defraud a competitor company […]
President Barzani today received Mrs Arlene Foster, Northern Ireland’s Minister for Enterprise, Trade and Investment to discuss opportunities for business and trade cooperation between the Kurdistan Region and Northern Ireland. Minister Foster who is heading a business delegation from Northern Ireland said she and her business delegation are very pleased with their visit to Erbil, […]
