Nineveh Chamber of Commerce has signed a memorandum of understanding with a delegation of German business people for the exchange of expertise, the head of the chamber told AKnews. Moqbel Ahmed Dabbagh said on Monday that the agreement will see coordination between both sides to increase the booming investment in the Iraqi province. He said […]
Iraqi Prime Minister Nouri al-Maliki will travel to China this week in a bid to attract Chinese investors to Iraq, an advisor to the PM told AKnews on Tuesday. Ali al-Mousawi said that Maliki will head a trade delegation, following an official invitation from the Chinese government. Mousawi said Chinese companies are already heavily engaged […]
Hermes Datacommunications Middle East, a key specialist providing Wide Area Network communications to the upstream oil and gas industry has secured a contract to provide Very Small Aperture Terminal (VSAT) communications to Expro North Sea Ltd in Iraq. The contract outlined will include a fully managed VSAT network, bandwidth, equipment, installation and support to The […]
Etihad Airways has reported its most successful first half year, with revenues up 28 per cent to US$ 1,720 million (H1 2010: US$ 1,342 million), driven by solid performances in both passenger and cargo activities. A 2 per cent reduction in costs per available seat kilometre, despite large increases in oil prices, also helped deliver […]
Shell and Mitsubishi signed a final draft agreement with Iraq on Tuesday for a deal worth between $12 billion and $17 billion to capture flared gas at the southern oilfields. The long-awaited deal still needs the approval of Iraq's cabinet, Oil Minister Abdul-Kareem Luaibi [Elaibi] said in a statement. The Iraqi government will hold 51 […]
US Deputy Secretary of State Thomas Nides yesterday opened the United States Consulate General in Erbil. He was joined at the ceremony by Kurdistan Region President Masoud Barzani, Prime Minister Barham Salih, Speaker of Parliament Dr Kamal Kirkuki and other KRG and American senior officials. The solid relationship that the Kurdistan Region has maintained with […]
Aswat al-Iraq reports that an Iraqi oil pipeline, carrying crude oil to Syria, was blown up northwest of Mosul on Sunday, stopping oil exports to Syria Ninewa police source said “a group of armed men have blown an oil pipeline carrying crude oil from northwestern Mosul’s Ain-Zalah refinery to Syria”, adding that the explosion took […]
The chairman of the Iraqi National Investment Commission (NIC) has announced the official launch of the Iraqi-U.S. Business Council in Baghdad, which will be an extension of the American Chamber of Commerce in Iraq. The council will deal with the Iraqi private sector to encourage economic development, particularly in small- and medium-sized industries. NIC Chairman […]
Advertising Feature The 2nd edition of Basra Oil & Gas, taking place from 25-28 November 2011, is set to be the largest industry event to date in Iraq. It will certainly exceed the record of the first event which hosted 218 exhibiting companies in 2010. 2nd edition is assumed to be held with more than […]
Speech by the Special Representative of the Secretary-General for Iraq, Ad Melkert, on the World Population Day. Today is a welcome occasion to highlight the new stage that Iraq has embarked upon after so many years of suffering and devastation. It is the stage of substituting the confrontation of the past for cooperation towards a […]
Shares in DNO International jumped 8% on Tuesday following its report of a more than doubling of reserves for the Tawke oil field in the Kurdistan region of Iraq, as a result of a review and assessment by a firm of independent reservoir engineers. The just completed audit of reserves by France’s Beicip Franlab places […]
Shares in Groundstar Resources closed down 29% on Monday, with Vast Exploration down 54%, following their report of unsteady output at the Qara Dagh - 1 exploration well in Kurdistan, Iraq. Drilling of the Qara Dagh - 1 well has reached a total depth of 3,908 meters, has been log evaluated and, as previously reported, […]
