This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Last week, a rumour swept social media in Iraq: The authorities overseeing election campaigning in Iraq had prevented 75 female candidates from running in the election for unethical behaviour. There […]
By John Lee. Iraq's Ministy of Oil has awarded all four development projects, and two of the seven exploration blocks, that it offered in its fifth auction of oil licences. Only nine of the 26 companies originally pre-qualified took part in the auction, with majors such as Lukoil (Russia), ExxonMobil (US) and Total (France) not bidding. Development […]
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a second well — the Sarqala-2 — at its Sarqala field (within the Garmian block), located in the Kurdistan Region of Iraq (KRI). The new well is currently producing 11,000 barrels per day (bpd), with potential to increase this to 15,000. Total daily production at […]
The Iraq Britain Business Council (IBBC) held its annual Spring Conference at the Mansion House in London and a newly formatted second day forum for Iraqi and UK SMEs to discuss business opportunities at the Royal Overseas League on the 24th and 25th of April. The event proved to be a huge success, with record […]
DNO ASA, the Norwegian oil and gas operator, today announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the highest in nearly four years, stood at USD 142 million and net profit at USD 18 million. The Company exited the quarter with […]
By John Lee. Iraq could transport up to a million barrels of oil per day through the Jordanian port of Aqaba (pictured), according to a report from The National. Ali Nazar Faeq Al Shatari, deputy director general for the State Oil Marketing Organization (SOMO) told The National: “That project is still in place and we’re […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Saudi Arabia is considering investing in 2.5 million acres of agricultural land in Iraq's western province of Anbar, which has suffered both economically and otherwise after the bitter war to regain control of the province from […]
By Padraig O'Hannelly. At a major Iraqi business event in London on Tuesday, there was a strong sense that Iraq’s perceived risk profile is improving, and that this is an excellent time to do business in the country. Nearly 300 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference at the Mansion House, which focused […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Former members of the Iraqi national football team Ahmed Radhi and Chaker Mohammed Sabbar are battling off the pitch in the country's parliamentary election. View on YouTube
From PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A week-long Flower Festival is being held in the Iraqi capital Baghdad to celebrate the arrival of spring. Foreign participants say they are speechless with the sight of Baghdad shining in full bloom. Press […]
Germany's Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at no extra fuel requirement while increasing the overall power plant efficiency to more […]
By John Lee. UAE’s Minister of Culture has reportedly signed an agreement funding the rebuilding of Mosul’s famed al-Hadba minaret, which was destroyed by the Islamic State group (IS, ISIS, ISIL, Daesh) in the last weeks of the war. According to a report from Rudaw, Minister Noura al-Kaabi signed the agreement with Iraq’s Minister of […]
