OPEC, which accounts for 40 percent of global oil supplies, said it will take a few years before talks begin on how to include Iraq’s production quota within the group as the country needs time to raise output capacity, says a report from BusinessWeek. “Iraq will be accommodated, they will need time before they reach […]
Speaking to AKnews on Friday, Kirkuk Council member Ahmad Askari said Kirkuk's budget for 2010 was 121 billion Iraqi Dinars ($103 million), but so far only $34m has been spent on providing services; according to the provincial councils' law the reminder should be returned to Baghdad, if not spent. "It is unlikely that the province […]
The company dredging Umm Qasr port in Basra province has reached 12 meters deep, which should end Iraq's dependence on neighbouring countries’ ports, according to the Iraqi minister of transport on Friday. “The Belgian company’s excavation works reached a depth of 12 meters on Friday, compared to 7.5 meters in 2005 and 8.5 meters in […]
Iraq’s South Oil Company has organized a special conference on the strategy of the Iraqi Oil Ministry in the field of training and technology transportation, with the participation of major specialized global companies, the company’s Training Director said on Sunday. Hassib Attiya said “the activity of the strategic conference for training and technology transportation began […]
During the visit of Iraqi Prime Minister Nouri al-Maliki to Syria, the Iraqi delegation signed an agreement to extend an oil pipeline through the Syrian territories, Khaled al-Assadi told Aswat al-Iraq news agency. Al-Maliki had arrived in Damascus on Wednesday to lead a high-profile delegation on an official visit to Syria. He held talks with […]
FDC International, leading IT distribution organization today at Gitex announced the opening up of their first authorized service centre for Lenovo in Al Sena’a Street, Baghdad. The Service Centre is fully equipped with state of art equipments and will be serviced by well experienced technical engineers on Lenovo products to ensure high level of customer […]
Erbil's Deputy Governor said on Saturday that they plan to construct two new overpass projects along with underpasses to ease the traffic in the north of the city. The two projects are intended for the Kaka Ziyadi Koya and Zober Bilal intersections in Erbil, Tahir Abdullah told AKnews, adding that many cars loaded with university […]
Halliburton (NYSE: HAL) has been awarded a wellwork integrated services contract by ExxonMobil Iraq Ltd. for refurbishment of wells in the West Qurna (Phase 1) field in southern Iraq. Halliburton will provide on-site logistics and technical support for both rigless and rig-assisted workovers. Other services provided by Halliburton include provision of a workover rig, coiled […]
KCA DEUTAG, the international drilling and engineering contractor, announced that it has commenced operations in Iraq, with the deployment of one rig in the north of the country and a second being mobilised shortly. KCA DEUTAG established its presence in the country with its first rig, now operating in Northern Iraq. The company’s second Iraqi […]
The recent declaration by Hunt Oil CEO Ray Hunt that his company was willing to work with partners in Iraq to develop its oil and gas assets in Kurdistan underlines the Region’s position as a likely new hotbed for M&A activity, according to a report from mergermarket.com. Hunt’s comments about oil and gas sector partnerships […]
Reuters reports that Russia is talking directly with Iraq's oil-rich Kurdistan region about investment opportunities there, Russia's ambassador to Iraq said on Tuesday, a strategy that could irritate Iraq's central government. Baghdad is at odds with the semi-autonomous northern region and has strongly opposed oil deals the Kurds have signed independently with foreign companies. The […]
The Iraqi Minister of Transportation said on Friday that the Iraqi ports are ready to sign contracts with companies receiving oil investment licenses in Iraq now that the country’s ports are ready for such traffic. AKnews reports that Abdul Jabar said that the ports authorities had completed reconstruction work on many of the docks and […]
