UAE-based Starlight Airlines, the largest cargo operator to and out of Iraq, has entered into an agreement with Emirates SkyCargo to launch cargo operations between its Sharjah hub and Erbil in the Kurdistan region of Iraq. Khaleej Times reports that under the agreement, the service commenced last week with a Boeing 777 freighter flight to […]
Syria's Minister for Petroleum, Sufian Allao [Aloa] (pictured), and visiting Iraqi Minister for Oil, Abdul Kareem Luaibi [Elaibi], met on Sunday to discuss ways of further bolstering bilateral cooperation in oil, gas and mineral resources. They also discussed a possible 'reoperation' of a Syrian-Iraqi oil pipeline once it is rehabilitated, and closer cooperation between both […]
Wassit Provincial Council met with a number of Turkish firms on Sunday to discuss possible investment ventures in the province, according to the chairman of its information committee. The projects are in the fields of sanitation, water networks and "urban communities", Sondos al-Dhahabi told Aswat al-Iraq news agency. “The designs of four new cities in […]
An independent Spanish journalist said on Monday that there is greater press freedom in the Afghan capital Kabul than in the Iraqi capital, after experiencing first-hand the ongoing restrictions imposed on journalists and their movements in Baghdad. AKnews reports that on his fifth visit to Iraq, Carlos Zorotoza complained that his camera was confiscated by […]
A legal adviser to Prime Minister Nouri al-Maliki said on Sunday that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the Oil-for-Food program, according to an AKnews report. Fadel Mohammed told the agency that the government is determined to bring these companies to justice, adding that there are […]
The Grain Board of Iraq (Ministry of Trade) has announced a tender for the supply of plastic sheets. The deadline for bids is 10:00 am Baghdad time on 9th March. Please click here to download the tender document.
Gulf Keystone Petroleum (LSE: GKP) has announced an update on its Shaikan-3 Shallow Appraisal Well. Following completion as a Sargelu/Alan formation producer and as a result of an acid treatment, Shaikan-3 has achieved a rate of 9,800 bopd. The stabilized flow rate was recorded on a 128/64th inch choke with a flowing tubing pressure of […]
Further to our report last week on Iraq's new import tariffs, you can download the new tariff list in English by clicking on the link below: Import tariffs (English version) The Arabic version is contained in 21 large pdf files, and can be downloaded from the Ministry of Finance: Import tariffs (Arabic version) Iraq Business […]
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. […]
Potential energy routes and energy security were discussed in a syposium in Brussels, according to a report from AKnews. The participants highlighted what it calls "the Turkish attempts to monopolize energy supply to the EU", as well as the significance of Kurdish energy for the West. The event was organised by the Friedrich Naumann Foundation […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for March. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]
Reuters reports that the state-run Japan Oil, Gas and Metals National Corp (JOGMEC) said on Thursday it expects to provide about 16.3 billion yen ($198 million) of capital in 2011-2012 to Iraq's Gharaf [Gharraf, Garraf] oilfield development project. In return, JOGMEC said it would take a stake of less than 50 percent in Japan Petroleum […]
