The Iraqi Communications Ministry announced on Tuesday that it will launch the fourth round of licensing for mobile phone companies next week. According to the report from AKnews, the licences will be granted next week but any agreements will have to be confirmed by the cabinet. A statement from Communications Minister, Mohammed Allawi, said that […]
Shares in DNO International closed up more than 11% on Wednesday after the company announced strong performance in the second quarter of 2011 with a working interest production of 48,582 barrels of oil per day (bopd), doubling of the reserves at the Tawke field and good financial performance. Sales recognized in the second quarter this […]
The UK's Middle East Association (MEA), in partnership with UK Trade & Investment, Invest Northern Ireland and the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan from 23rd to 28th October to coincide with the seventh Erbil International Trade Fair, Iraq’s largest general trade exhibition. Mission Participants will have the opportunity […]
Baker Hughes will drill 23 new wells in Iraq’s largest oil field, West Qurna 2, after signing a contract with Russia’s second largest oil company, Lukoil. Baker Hughes will use five rigs using advanced technology to drill the wells to a depth exceeding 4,000 meters, the statement said. "Drilling will begin in the fourth quarter of […]
According to this report from NIQASH, many believe the original Garden of Eden, as described in both the Koran and Bible, is located in Basra. Increasingly though climate change, water shortages and urban sprawl mean Basra’s farmers are coming to doubt that story. War and conflict have led to the loss of many farms and […]
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. […]
The risks of working in or supporting the upstream oil and gas industry in Iraq are widespread and significant. From security and logistics to government bureaucracy, there are barriers to business that executives at many companies with a role to play in developing Iraq's oil and gas sector feel could be insurmountable. William Wakeham, CEO […]
Al-Iraqiya television has reported that Iraq is threatening to take the case of Kuwait's Mubarak al-Kabir Port to the United Nations if the harbour violates its maritime rights. An Iraqi Technical Delegation, led by the government’s Advisor, Thamer al-Ghadban, reportedly arrived in Kuwait on Sunday for a 2-day official visit. Bloomberg reports that Prime Minister […]
A Jordanian transport company said on Sunday that it won the 'technical side' of a bid to transport 10,000 tons of fuel oil from Iraq to Jordan every day, within an agreement signed between the neighbouring countrries in 2006, according to the KUNA news agency. Abdussalam Al-Theyabat, owner of the Theyabat Transport and Trading corporation, […]
A member of the Iraqi Parliament’s Integrity Commission has said that southern Iraq’s Basra Integrity Commission had opened an investigation about a government’s deal to purchase 100,000 tons of sugar at above the international market price. Aliyia Nuseif told Aswat al-Iraq news agency that “the Trade Ministry had signed a contract with Zahrat al-Jibal Company […]
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. […]
The latest scandal at Iraq’s ministry of electricity involves multi-billion dollar “phantom deals” with a German and Canadian company. The minister of energy has been asked to resign. But according to a report from NIQASH, the real story is not as simple as it first appears. As a long, hot summer continues to overheat the […]
