Royal Dutch Shell (LSE: RDSB) has already raised oil production from Iraq's Majnoon field to 70,000 barrels a day, up from 45,000 barrels a day previously, the company's Chief Executive, Peter Voser, said on Tuesday. The risk of operating in Iraq has increased in recent months, but operations are still going well, he said. The […]
An Italian company is planning to build a new shopping mall in Basra, a source from the Basra local council said on Tuesday. “A delegation from the company, which belongs to the Italian energy giant ENI, held a meeting with Basra's governor and a number of local officials to discuss the establishment of a large […]
Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile, was recently interviewed by Iraq's Radio Dijla. The full transcript is shown below: Radio Dijla: How do foreign investors look at the Iraqi market today? Gavin Jones: There are three main reasons for foreign investors committing to a market – a […]
Iraq’s State Oil Marketing Organisation (SOMO) has raised the official selling prices for its Basra Light and Kirkuk crude grades for October loading to the U.S. and Asia, but dropped prices to Europe. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced […]
The British Iraqi Friendship Society (BIFS) will host its Annual Gala Dinner and charity auction at the Royal Garden Hotel, London, on 17 November. BIFS was founded to inform the British public about all aspects of Iraqi life and culture, including its history, heritage, arts, language and traditions. The society organises a programme of events […]
Basra Oil & Gas Conference and Exhibition 2010, the most important oil and gas event in the oil rich city of Basra, will take place between 25th and 28th of November at the Basra International Fair Ground. We currently have 150 participants operating in the oil & gas industry from 25 countries. Our goal through […]
The Vice President of the Basra provincial council said on Friday that the visit of the U.S Deputy Defense Secretary to Iraq came to discuss the issue of attracting the foreign companies to work in Basra, according to a report from AKnews. "An extended meeting between the U.S Deputy Defense Secretary and a number of […]
Two investment licenses have been granted to a Lebanese company to establish two residential compounds in the north of Amara, the chairman of the Maysan Investment Commission said on Monday. “MIC granted an investment license to Lebanon’s Home International Corp. to build 700 housing units in Ali al-Gharbi district, north of Amara, at a cost […]
The director of the Iraqi Ports Directorate objected to the Iraqi Municipalities Ministry’s decision to close Maaqal port, 10 km north of Basra city, according to a report from AKnews. Salah Khudair Abboud told AKnews that this decision is unfair since the Maaqal port receives more than 10 commercial ships each day. "The Directorate will […]
Computer Data Networks (CDN), a wholly owned subsidiary of e-Portal Holding Co., has announced it will be a gold sponsor at the forthcoming Iraq Telecoms 2010 Conference, which will be held in Istanbul between 2-3 November. Ms. Hanya S. Al-Thekair, Managing Partner of CDN said: "We are delighted to sponsor Iraq Telecoms 2010 as a […]
Trade volume between Malaysia and Iraq reached US$43 million in the first seven months of 2010. According to the Malaysia External Trade Development Corporation (Matrade), the figure comprised US$20.2 million in Malaysian exports to Iraq, and imports worth US$22.8 million. Matrade's senior trade commissioner, Datuk Dzulkifli Mahmud, said Malaysian exports to Iraq were mainly electrical […]
AKnews reports that 400 electrical generators have been imported from Iran. Salam Arab, the director of the customs department at Haji Omaran (pictured) , told AKnews that since the beginning of 2010 some 400 full-size electricity generators have been imported into the Region. He added most electronic equipments are imported from Iran, not Turkey, because […]
