Norwegian oil and gas producer DNO International (DNO.OL) gave no guidance as to when it expects to restart oil exports from Iraq when it published first-quarter results that beat forecasts on Tuesday.
DNO Silent on Iraq Export Timing
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OPEC Again Lifts 2010 Oil Demand Growth Forecast
The monthly report from the Organization of the Petroleum Exporting Countries, which pumps more than one in every three barrels of oil, said demand would rise by 950,000 barrels per day (bpd) in 2010, 50,000 bpd higher than previously forecast.
Tags: OPEC
Iraq Changes Ports Charges
Iraq Minister of Transportation Amer Abdul Jabbar Ismail said that the rentals of the ports and naval agencies and the incomes thereof from 10 to 50% in the light of the achievements in Iraqi ports.
Iraq to Build More Than 30 Dams
Iraq Ministry of Water Resources said that it has a plan to establish more than 30 dams in Iraq in order to irrigate agricultural land and to provide drinking water for the habitation regions and stressed that these projects will be implemented in the upcoming years because they cost a lot.
Iraq Launch Five-Year Roadmap to Boost Development
The plan will target five key areas: ensuring inclusive economic growth; environmental management; promoting good governance and protecting human rights; boosting access to basic services for all; and stepping up investment in women, youth and children.
Tags: economic planning, United Nations
Oil Ministry is Developing "Badra" Oilfield Shared with Iranian Side
An official source with the Oil Ministry said the ministry is currently developing several oilfields shared with neighboring countries including the oilfield, "Badra" with the Iranians.
Emirates look to Iraq for passenger growth
Dubai Gulf airlines are looking at the lucrative Iraqi market for increased passenger traffic. Dubai's Emirates yesterday said it will launch flights to Baghdad from July 1, following the announcement by Etihad Airways.
WB to Finance Rehabilitation of Umm Qasr Port’s Road Project
“The World Bank’s agreement allowed a Danish company to implement the project, in cooperation with a local company,”
Iraq Invites Bids to Install 2,500 MW Turbines
Iraq's Electricity Ministry has invited foreign companies to bid to install 20 gas turbines that would boost the country's power capacity by 2,500 megawatts in the next few years.
Bank Ratings Maintain Positive Trend
Banks in the Middle East and Africa saw stable outlooks at a very high level of 92.8 per cent at the end of the first quarter, a latest report on Global Banking Trends Q1 2010 by Fitch Ratings said.
Tags: Banks
Iraq Plans Power Boost After Gas Fields Auction
Iraq plans to boost power capacity to 27,000 megawatts in four years after opening its gas sector with a contract awarded to Royal Dutch Shell, this will need an investmnt of at least $3 billion to $4 billion per year, Iraq’s Electricity Minister Karim Waheed told Reuters on Sunday.
Iraq Seeks to Purchase Gas and Petrol
Iraq's State Oil Marketing Organisation (SOMO) has issued a tender for the purchase of around 675,000 tonnes of petrol and around 38,250 tonnes of gas oil