The harvesting of wheat and barley crops has began in northern Iraq’s Kirkuk Province on Sunday, according to a report from Aswat al-Iraq. Kirkuk’s Agriculture Director, Mahdi Mubarak told Aswat al-Iraq news agency: “The campaign to harvest wheat and barley crops began in Kirkuk areas today [Sunday], May 15th, for the harvesting of more than […]
Iraq’s rebuilding process has been the main focus of a massive number of local and international building and construction companies as well as contractors and sub-contractors. Tens of billions of dollars have been invested in housing projects, hospitals, schools and infrastructure in Iraq over the past years and Baghdad, being the capital city of Iraq, […]
Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, has said that Iraq has oil reserves of 200 billion barrels, according to Aswat al-Iraq. This would place Iraq in third place in the worldwide rankings of oil reserves. While the officially-announced oil reserves are 143 billion barrels, the report says that this does not include […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, and which has operations in Kurdistan's Khor Mor, has announced its financial results for the quarter ended 31st March 2011, with a Net Profit after tax of AED 92 million, a 180% increase compared to the first quarter of 2010, and a […]
The consortium of Chinese, Malaysian and French companies working on the Halfaya oil field, 35 km east of Amara, in Maysan [Missan] province, have completed drilling four oil wells. Ali Altarfi, the media department of Missan Oil Company, told Aswat al-Iraq that, "the plan is to drill 300 wells in this gigantic oil field within […]
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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Iraq Mining 2011, a new international exhibition, conference and trade fair for the mining, mineral and material industries in Iraq, will be held from 7th to 8th September in the Royal Garden Hotel in London. THE AIM To facilitate constructive dialogue and exchanges between all the key players for rebuilding world-class mining, mineral and material […]
Reuters reports that Iraq has signed a consultancy contract valued at around $13.5 million with Canada's SNC Lavalin Group (SNC.TO) for a strategic oil pipeline project. "Today we have signed a contract with an international consultancy company to execute an important and vital project, which is an oil export facility," Oil Minister Abdul-Kareem Luaibi said […]
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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
UK major companies and businesspeople are seeking to develop business cooperation with their Jordanian and Iraqi counterparts, an official from the British embassy in Amman said on Monday, according to a report from AKnews. Steven Anderson, head of trade and investment section at the UK embassy in Amman, pointed out that representatives of 15 companies […]
The KRG's Ministry of Agriculture has said that any farmer can get an agricultural loan of up to 100 million Iraqi dinars [$83,000] from the Government. The agriculture minister said that the Kurdistan Regional Government has allocated 100 billion Iraqi dinars from the budget for the current year, in order to enable farmers to borrow […]
An audit of Iraq's oil revenue management and accounting system found the plan to fully install and calibrate a full crude oil and products metering system by 2012 is only 39% complete, according to a report from Platts. US auditing firm PricewaterhouseCoopers, the UN mandated International Advisory and Monitoring Board, and Iraq's Committee of Financial […]
