Iraq Business News brings you the latest news on developments and opportunities in commodities and mining in Iraq.
British companies need to move fast if they are to gain a foothold in Iraq and avoid losing out to their competitors. This was the clear message given at the Middle East Association’s ‘Iraq: Untapped Opportunities’ conference held on 22nd November at the Dorchester Hotel, London. Supported by the National Investment Commission of Iraq, UK […]
This morning saw the launch of a major new guide to business in Iraq: Entitled "The New Iraq: 2012 Discovering Business", it was launched simultaneously in Dubai and at the "Iraq: Untapped Opportunities" conference in London. Published by Allurentis, in association with UK Trade & Investment (UKTI), the guide containes a wealth of case studies, […]
According to U.S Energy Information Administration data, Iraq generates the majority of its revenue by exporting oil and importing about 30% of the gasoline it uses. The country is now seeking $30 billion in foreign investment to build refineries and develop oil and gas fields to avoid importing gasoline and diesel. Iraq Mega Projects 2011 […]
Most of Iraq’s revenue comes from oil. But natural riches may also mean fewer political freedoms and a state that behaves like a charity toward its own people. This must change, an Iraqi economist Nagih al-Obeidi argues in this article from Niqash. The economic and political theory on “rentier states” says that a nation that […]
Following his address to the Iraq Mining 2011 conference in London, the Chairman of Iraq's National Investment Commission, Dr Sami al-Araji, was interviewed by Padraig O'Hannelly for Iraq Business News: Iraq Business News: Dr al-Araji, in your speech you mentioned the visa problems that Iraqis sometimes have entering the UK; what some businesses are also […]
Iraq Business News is attending the Iraq Mining 2011 conference in London on Wednesday and Thursday as Principal Media Sponsor, and it is exciting to see the wealth of opportunities available to investors in the non-oil resources sector. Silica sand, marble, limestone, gypsum, dolomite, kaolin, glauberite and quartzite were just some of the minerals discussed, […]
Dr Ahmed al Shamma, Deputy Minister of Oil, to launch massive investment in refineries at the Iraq Mining conference on 7-8 September 2011. Dr al Shamma will present: A review of present refineries and operating capacities and details of major projects to rehabilitate and upgrade these refineries. A review of planned grass roots refineries to […]
Due to the lack of investment in developing Iraq’s oil sector during the old regime, pipelines lack capacity and are corroded, ports need redeveloping, refineries need to be upgraded to increase supply, mines cleared, power supply is irregular and an increase in water supply is crucial. Iraq has the fourth largest oil reserves in the […]
StockMarketWire reports that Getech has clinched a further sale of the Iraq aeromagnetic dataset, following the signing of an exclusive marketing agreement with the Geological Survey of Iraq in December. The company announced its first sale of the full aeromagnetic dataset in July, and has had now made a further sale of the same dataset […]
Iraq Business News is delighted to be chosen as the official Media Sponsor of Iraq Mining 2011. Billions of dollars worth of investment opportunities are expected to be announced by Iraq’s Minister of Industry and Minerals, H.E. Mr Ahmad Nassir Al-Karbooli (pictured), on 7 September at Iraq Mining 2011 in London, a conference on Iraq […]
