Tony Hayward (pictured), the Chief Executive Officer of Genel Energy Plc, a group formed via a merger of Vallares Plc and Turkey's Genel Enerji, said he plans acquisitions in Iraqi Kurdistan. Reuters reports that the former boss of BP told reporters in Istanbul that the company plans to make the acquisitions with its $2.2 billion […]
Iraq has discovered an oil and gas field in Anbar province in the west of the country, Bloomberg reports. The Khasfah [Khasfa] field is between Al-Qaim and Rawa, Saadoun al-Shaalan, deputy head of the Anbar province council, said today in a statement. No data on the field’s reserves are available, according to the statement. (Source: […]
Foreign Office Minister Lord Howell welcomed the Iraqi Deputy Prime Minister H.E Rowsh Nuri Shaways to the Foreign Office on 9 September. They met to discuss the latest political developments in Iraq and to explore the commercial opportunities for British business in Iraq. The Iraqi Deputy Prime Minister was visiting London to attend a conference […]
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. […]
CNTV video on rumoured revaluation of Iraq's currency, the Iraqi Dinar:
Just over two months after raising more than US$2.0 billion to invest in promising oil and gas projects in developing markets, Vallares PLC ("Vallares" or the "Company") today announces that it plans to merge with Genel Energy International Ltd ("Genel"), the largest oil producer in the Kurdistan Region of Iraq. Genel has stakes in two […]
Boards of Directors of DNO and RAK have approved the merger of RAK Petroleum MENA into DNO International. Please click on the following pages to see the full presentation from the companies:
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. […]
Levels of violence fell considerably in Iraq last week, with a drop by half in the number of incidents being reported from the previous week. Violence was concentrated in Baghdad and Mosul whereas there was an improvement in conditions in the provinces of Anbar, Diyala, Salah ad-Din and Ta’mim. The south of the country was […]
Iraq Business News is attending the Iraq Mining 2011 conference in London on Wednesday and Thursday as Principal Media Sponsor, and it is exciting to see the wealth of opportunities available to investors in the non-oil resources sector. Silica sand, marble, limestone, gypsum, dolomite, kaolin, glauberite and quartzite were just some of the minerals discussed, […]
Reuters reports that Iraq has approved six more energy companies to participate in its 4th energy auction, raising the number of pre-qualified bidders to 46. "We have six companies that were not qualified first, but after reviewing their information, we asked them to submit further documents to support their position. We have decided to qualify […]
Iraq's Finance Minister told Reuters on Wednesday that the country is targeting inflation of 5 percent in 2012. "I hope that in 2012, with some of the policies of the central bank, to control it (inflation) again to around 5 percent. For 2012, the target is 5 percent," Rafie al-Esawi [Rafi Hiyad al-Issawi, Rafia al-Issawi], pictured, […]
