Iraq, site of the world’s third-largest oil reserves, will hold a third bidding round for gas fields which will take place on October 1, an Oil Ministry official has confirmed, according to a report from Bloomberg. “Definitive model contracts and final tender protocols will be ready on September 10, and the bidding process will be […]
We reported recently that the Iraqi government has earmarked $300 million to upgrade Baghdad's hotels for next year’s Arab summit. Azzaman now reports that the Baghdad Municipality of Amanat al-Asima is racing against time to upgrade some of Baghdad’s run-down neighborhoods in advance of summit. The Iraqi government has expressed a willingness to host Arab […]
Kurdistan Regional Government (KRG)’s prime minister promised Kurdish parliamentarians during a meeting on Wednesday to allow them access to all documents related to the KRG’s controversial oil contracts, exports and revenues, said the head of the major opposition group in Kurdistan parliament. In a meeting intended to mend fences with opposition groups in the parliament, […]
Shares in Heritage Oil, which is actively drilling in Iraqi Kurdistan, were up 1.3% this morning following the announcement of interim results: HERITAGE OIL ANNOUNCES 2010 INTERIM RESULTS Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, announces the publication of its interim results for the six months ended 30 June 2010. […]
Debate is raging in Iran regarding the issue of claiming reparations from Iraq in relation to the Iran-Iraq war in the 1980s. Earlier this month, a member of the Majlis (the Iranian parliament), Eivaz Heidarpour, who is also a member of Iran's National Security and Foreign Policy Committee, said that Iran could claim compensation from […]
America's new ambassador to Iraq, James Jeffrey, arrived in Baghdad last week and presented his diplomatic credentials to President Jalal Talabani. He replaces Christopher Hill, who retired after a 16-month stint in the post, and a 33-year career in the diplomatic service. Unlike Hill, Jeffrey already has wide experience in this part of the world, […]
A senior official at Shell said that Iraq is losing $50 dollars per second, more than $4 million a day, as a result of flaring the gas associated with oil production in the province of Basra. The company's Vice-President for the Middle East and North Africa, Mounir Bouaziz, reportedly said his company was currently awaiting […]
AFP reports that Iraq's privately-owned banks have called for the country's state-owned lenders to be privatised, to break up a near monopoly in lending by politicians whose actions remain stuck in the Saddam-era. Although foreign cash has flowed in since the US-led invasion of 2003, ministers still opt to use government banks to do business […]
Dr. Ali al-Obaidi, who has been in charge of Iraq's Baiji refinery since 2007, has reportedly resigned from his position, having successfully slashed the level of theft from the facility. He had initially been installed as part of a joint U.S.-Iraqi corruption crisis team. According to Iraq Oil Report, the man credited with reducing theft […]
Basra International Oil & Gas Conference and Exhibition 25–28 November 2010 International Exhibition Center, Basra – IRAQ Our participants has passed 100! Why Exhibit Have a key role in rebuilding of Iraqi Oil & Gas Sector. Build a network of new and productive business contacts and establish local partnerships which is important to do business in […]
Aswat al-Iraq reports that the Iraqi Industry Ministry has reached agreement with a Chinese producer to assemble 10,000 Chinese cars in Iraq. The ministry is also currently in negotiations with a French producer to assemble trucks in Iraq. IBN believes the truck-maker to be Renault. “This should be the first step toward establishing an automotive […]
There has been much speculation in recent months that the Iraqi dinar would be re-based, knocking off the last three zeros. The lastest news is that Iraq will not in fact remove the zeros from its currency, because it will not resolve inflation and will create opportunities for corruption, reports AKnews, citing a senior source […]
