The International Energy Agency (IEA) has reportedly poured cold water on Iraq's plans to quadruple oil production to 12 million barrels a day by 2017, saying it could take 20 years just to reach half the target total. But the agency predicted in a draft of its annual World Energy Outlook that Iraq will succeed […]
According to a report from Interactive Investor, foreign oil companies operating in Kurdistan have been thrust into the limelight as the race for a new Iraqi Prime Minister gets underway. There are over 25 international oil companies operating in the region, including UK-listed Gulf Keystone Petroleum (LSE: GKP) and Heritage Oil (LSE: HOIL). AIM-listed Gulf […]
Iraq's Oil Ministry expects to sign the initial contracts for the Mansuriyah and Akkas gas fields on 14th November, and for the Siba gas field the following day, Abdul-Mahdy al-Ameedi, head of the ministry's licensing and contracting office said on Thursday. "And after the signing we will send the initial contracts to the cabinet for […]
The governor of the province of Dhi-Qar held has announced that 17 infrastructure projects worth more than 185 billion dinars [$160m] have been granted to local companies, according to Aswat al-Iraq. Taleb al-Hassan told the news agency that “the province will implement another batch of projects in the regions and municipalities which have not witnessed […]
Wasit Investment Commission has announced that it granted its first investment licence within the health sector to an Iraqi company for the construction of a private hospital at a cost of around 6.5 billion Iraqi Dinars [$5.6m]. The new 100-bed hospital is to be equipped under the supervision of engineers from the investment board and […]
The University of Cincinnati is one of only a handful of American universities to be selected for an international partnership to rebuild Iraq’s educational system and its economy. UC President Gregory H. Williams and Salahaddin University-Hawler President Ahmed Anwar Dezaye celebrated the partnership in a formal Nov. 4 partnership-agreement-signing ceremony at the UC Teachers College. […]
The Kurdistan Regional Government’s Department of Foreign Relations held a farewell reception for Mr Jeremy Macadie, Consul General of the United Kingdom, and Ms Moraig Henderson, Head of the Erbil Office of the United Nations Assistance Mission to Iraq. Minister Falah Mustafa Bakir, the Head of the Department of Foreign Relations (DFR), said, “I would […]
From Reporters Sans Frontieres: The press freedom situation is better in Iraqi Kurdistan than it is in neighboring regions, and with 850 media outlets officially registered and 5,000 journalists, has considerably improved over the last decade. Yet the number of attacks against journalists has also grown steadily over the last two years. Police and security […]
Shares in Sterling Energy (LSE: SEY), which has operations in the Kurdistan region of Iraq, fell 10% on Thursday morning following an Interim Management Statement for the period beginning 1 July 2010. HIGHLIGHTS · Sangaw North #1 exploration well is drilling ahead at 2,927m. · Production, net to Sterling from the Chinguetti field, averaged 621 […]
Project management specialists Parsons Brinckerhoff stated the obvious this week by saying Iraq is “risky, but full of opportunity”. After the war, the security and energy sectors were the most obvious risky opportunities. Re-building Iraq's decaying and war-torn infrastructure has come a close second. Since then, however, opportunities have snowballed into retail and agriculture, and […]
According to Iraq Oil Report, the US authorities advised Marathon Oil against entering into their recent contract with the Kurdistan Regional Government in the absence of agreement with Baghdad. "The United States’ position remains that it is in the interest of all Iraqi parties to enact a set of national laws to govern the development, […]
By Leanne Case, reporting from Istanbul. I’ve written a fair number of articles extolling the potential of Iraq to British business, I make no apologies for this and believe strongly in the future of Iraq. So do hundreds of international companies! A significant number of who attend the now numerous conferences and events aimed at […]
