"Iraq needs the financial expertise of the United States to reform its economic system that suffers a lot of insecurity, and one of the main reasons for the delayed evolution of the economic system is the legislation and the old laws which do not fit with the evolution of the financial situation in the country."
Development of Iraq's oilfields by foreign oil companies is progressing swiftly despite the lengthy process of government formation after Iraqi elections in March, a senior Statoil executive said on Tuesday.
The ambitious plan, which was approved by the cabinet and posted on the Ministry of Planning's website, also sees oil exports at 3.1 million bpd in 2014, up from 2.15 million bpd this year.
The establishment of the platforms export is being implemented with , Foster Wheeler, a British company for consulting and engineering, he added that the Ministry of Oil has decided "not to divide the project into two phases and agreed to create a full form of its importance."
Umm Qasr received a ship carrying 2650 cars
29 April 2010 - AME Info Showcasing its unique and competitive standing in the Iraqi telecom market, Asiacell - the largest private Iraqi company and the first and only mobile telecommunications company to provide coverage for all of Iraq - announced the launch of its new 'Bawe3 Zaen' campaign, which highlights the distinctive privileges that Asiacell […]
28 April 2010 - Bloomberg BP Plc will be paid in crude for its investment costs in an Iraqi contract that offers about the same rate of return as other projects worldwide, Chief Executive Officer Tony Hayward said. BP and China National Petroleum Corp. are spending about $15 billion in Rumaila, Iraq’s largest oil deposit, pledging […]
Iraq resumed exporting crude oil to turkey through Kirkuk-Ceyhan northern pipeline thru which passes one quarter of Iraq oil exports
Iraq says it has completed 25% of the plan to develop its Nasiriyah oil field.
Companies have until 5 May to prequalify to compete for the rehabilitation and expansion of the existing export facilities and pipelines in the southern oil hub city of Basra, Reuters said.
A 4-day international fair for Turkish industries has opened on Monday at Basra Airport.
The Iraqi Airways Company will start flights from Mosul-Beirut next Friday (April 30).
