Announcing a 60% increase in net income for 2010, Halliburton's chairman, president, and chief executive officer, Dave Lesar (pictured), commented on the company's Iraqi operations: “I am very pleased with our results on the international front. Key markets including Norway, West Africa, Iraq, and Algeria experienced increased activity ... We continue to win significant additional […]
Following the Supreme Court decision to place several independent bodies under the control of the Iraqi cabinet, rather than the parliament, a legal expert has said that the Central Bank of Iraq is an independent body that cannot be linked to the Cabinet. According to the report from AKnews, the Central Bank of Iraq warned […]
Iraqi Prime Minister Nouri al-Maliki has won a court ruling placing independent bodies like the central bank and the electoral agency under the control of the cabinet, rather than the parliament, a centralization of power that critics are calling a "coup." Maliki's government made the request to the supreme court in December before he was […]
BACTEC International Limited, one of the world’s leading Explosive Ordnance Disposal and Mine Action companies, announced the opening of its Basra office in January. The company’s head quarters are located in the UK with branches in Australia, Cambodia, Libya, Lao, Philippines and Mozambique. BACTEC also has an office in Sulaimani to support Kurdistan operations. BACTEC […]
Iraq plans to double refining capacity by 2020 to meet domestic demand and allow for exports, according to an article from Bloomberg. Iraq plans to increase its daily oil-processing capacity to 1.5 million barrels by the end of the decade from 750,000 barrels today, Iraqi Deputy Minister Ahmed al-Shamma told reporters in Tokyo on Tuesday. […]
There is a chance Iraq may hold one-on-one talks with a Japanese consortium led by JX Holdings to develop the giant Nassiriya oilfield, Iraq’s Deputy Oil Minister Ahmed al-Shamma said today, adding that a decision would depend on the policy of the new government in Baghdad. The comments came after the country's Deputy Prime Minister […]
Reuters reported on Tuesday that Syria has lifted visa restrictions on Iraqi nationals in a sign of improving ties between the two neighbours. Syria’s official news agency said a cabinet decision will make it possible from 1st February for any Iraqi to apply for a visa at the border, instead of from the Syrian embassy […]
Iraq's ambassador to the Philippines called on Tuesday for the Philippines to lift its travel ban to Iraq, saying Filipinos can benefit by taking part in the reconstruction of the war-damaged country. Ambassador Wadee Al-Batti was reacting to a recent reiteration by the Philippine government of a travel and workers' deployment ban to high-risk countries […]
The former chief executive of a British chemical company has settled allegations that he approved illegal bribes to Iraq's Oil Ministry and government officials in Indonesia in the mid-2000s, according to the Wall Street Journal. Paul W. Jennings, former CEO of Innospec Inc., agreed to pay $229,000 to settle allegations that he violated the U.S. […]
Further to our report last week that oil exports from Iraqi Kurdistan will resume at the start of February, the Kurdistan Regional Government (KRG) has issued a statement confirming the agreement, and addressing the conflict with Baghdad over the budget. The full statement is shown below: Kurdistan Region Prime Minister Barham Salih (pictured) this week […]
Reuters reports that the French engineering group that has signed an outline agreement to build a metro line above Baghdad's streets is in fact Alstom. Shaker al-Zamili, the head of Baghdad Investment Commission, said on Thursday that Iraqi officials signed a memorandum of understanding with Alstom in France last week. An Alstom spokeswoman in Paris […]
The spokesman for the Kurdistan Region’s investors said the UK government is planning to issue two-year visas for businessmen from Iraqi Kurdistan, adding that the British government also seeks to open a branch of its banks in the Region as well as introducing assurance [insurance] and consultancy companies. According to the report from AKnews, the […]
