Iraq’s parliament plans to adopt legislation to cut the pay and benefits of top officials by the end of the month, Speaker Usama al-Nujaifi [al-Najafi] (pictured) has said. According to the report from Bloomberg, parliament will start discussing the matter on April 26 and pass either one law or three separate laws by the end […]
The British Consul General in Basra, Richard Wood, visited Basra Investment Commission (BIC) on Tuesday and discussed how best to facilitate British investors entering the province. They also discussed some economic and investment issues, especially those related to the main obstacles facing investors. According to the BIC, Wood expressed his appreciation of the role of […]
The Iraqi Agriculture Ministry revealed Sunday that Iraq is producing 50% of the wheat the country requires. The ministry's spokesman, Karim al-Tamimi, told AKnews, "Iraq currently produces only two million tonnes of wheat due to lack of water needed for cultivation as well as the migration of many farmers from villages to cities." "The Ministry […]
Exporters looking to serve the Iraqi oil and gas industry might be interested in the guaranteed twice-weekly express road trailer services between Western Europe and Iraq recently launched by independent freight forwarder F.S. Mackenzie. F.S. Mackenzie says that the service, which caters for express groupage and part-loads, has been launched in response to increased business […]
WesternZagros Resources announced this morning that it is preparing to start the planned testing program at the Sarqala-1 well after a successful and incident-free completion of the sidetrack drilling and wireline logging. The sidetrack was drilled through the targeted path in the Jeribe Formation to a total depth of 3,893 metres. Drilling shows and log […]
Shares in Heritage Oil Plc (LSE: HOIL) fell 4% this morning following the announcement of its results for the twelve months ended 31 December 2010. All figures are in US dollars unless otherwise stated. 2010 Operational Highlights · Discovered the largest gas field in Iraq in the last 30 years · Highly productive Jurassic reservoir […]
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, has provided an update on the work programme and development options for the Miran Block in the Kurdistan Region of Iraq ("Kurdistan"). Highlights · Rig secured to commence a multi-well exploration and appraisal drilling campaign on the Miran Block · Miran West-3 well […]
DNO has today presented its Annual Statement of Reserves ("ASR") as of 31.12.2010. The total remaining P50 reserves for DNO as of 31.12.2010 are estimated at 194.2 million barrels of oil equivalents, on a working interest (WI) basis, which represent the commercial reserves, class 1-3, under Norwegian Petroleum Directorate classification. This is an increase of 30% […]
Dr. Abdulmalek Al-Jaber, CEO of Zain Jordan, part of Kuwait's Zain Group, has announced the full hook-up of its network to neighbouring Iraq via an optical fibre cable, Kuna has reported. The Jordanian network has been linked to the Iraqi network using an optical fiber cable that continues to Baghdad, he said. "The hook-up enables […]
Kuwait Airways will seek compensation from Iraq for having allegedly stolen its aviation equipment and 10 aircrafts worth $1.2 billion during the first Gulf war, according to a report from Al-Arabiya. A lawyer from the Airline is quoted as telling Iraq Oil Report that the company will seek to enforce a 2006 English Supreme Court […]
Iraq is interested in Czech investments in agriculture, water management and energy industry, parliamentary speaker Osama Al Najafi [al-Nujaifi] (pictured) said on Friday after a meeting with the Czech Senate chairman Milan Stech. According to the report from Prague Daily Monitor, he said the investments will be boosted by an investment protection agreement to be […]
The Iraqi Railway Company [Iraqi National Rail Company] has announced that its revenues for March totalled $1.4 million [1.7 billion Iraqi dinars], according to a report from AKnews. The company’s assistant general manager, Salam Jaber Salloum, told the agency that proceeds from the transfer of freight reached $310,000 with the remaining revenues coming from the […]
