Basra Heavy Crude Delayed Further
By John Lee. Iraq's new Basra Heavy crude grade is now expected to be further delayed. Reuters quotes sources as saying that the State Oil Marketing Organization (SOMO) has informed oil companies that it will start supplying Basra Heavy against entitlements from June instead of May. (Source: Reuters)
The Turkish-Kurdish 'Secret Agreement'
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. Matter of National Security? The Turkish-Kurdish 'Secret Agreement' An 18-month-old “secret agreement” between Iraqi Kurdistan and Turkey goes for 50 years and potentially affects national security and oil exports. Nobody […]
Severn Valve Solutions hits Landmark Achievements
Advertising Feature Southern Iraq’s pre-eminent valve engineering specialist was recently awarded its fourth contract for valve management in the Rumaila field. It has also achieved its mid-term target for workforce localisation. Severn Valve Solutions is an authority in valve performance, compliance and reliability. The business draws on 50 years of OEM valve expertise, 30 years’ […]
IHEC Rejects Basra Autonomy Bid
By John Lee. Iraq's Independent High Electoral Commission (IHEC) has reportedly rejected a request for referendum to make Basra an autonomous region. Anadolu Agency reports that Commission said it had received an official request from Basra city that included the signatures of 44,366 citizens, but the lists were missing the signatories' identification numbers and ration […]
ICRC Delivers Urgent Aid in Anbar
Recent fighting in and around Ramadi, the capital of Anbar province, has forced tens of thousands of people to flee to the cities of Baghdad, Habbaniyah and Amiriyat al-Fallujah, leaving most of their belongings behind. The ICRC is bringing urgent aid to these displaced families. Parts of Anbar have seen spells of heavy fighting since […]
Technip wins Basra Refinery Contract
By John Lee. France's Technip, in partnership with UNICO, a Japanese engineering consultant, has been awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by Ministry of Oil's South Refineries Company (SRC), covers the engineering, procurement, construction, commissioning, start-up and warranty management phase […]
PM to Welcome Int'l Business to Baghdad
Iraq’s Prime Minister and many of his most senior colleagues will address a top-level international business conference being held in Baghdad later this week. Organised by the Iraq Britain Business Council (IBBC) together with Iraq’s National Investment Commission (NIC) and the Federation of Iraqi Chambers of Commerce, the event will also be attended by senior […]
The Pollution Solution – Mapping Iraq’s Environmental Needs
By Madeleine White. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. Iraq is polluted. In fact the significant levels of pollution in Iraq are such an open secret that people simply accept that this is the way it is, along with the cancers and health […]
FM Opens New Consulate Building in LA
Foreign Minister Dr. Ibrahim al-Jaafari, accompanied by Consul General Ahmad Nazem Jawad, has opened the new building of the General Consulate of the Republic of Iraq in Los Angeles. The opening ceremony was carried out by ribbon-cutting and unveiling a plaque chronicling the opening date. The minister, in the presence of the guests, toured the […]
Currency Auction Results, 27th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Monday. A total of $142,515,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
General Dynamics wins $51m Contract
By John Lee. General Dynamics Land Systems has been awarded a $51.4-million (60-billion-Iraqi-dinar) contract for logistical support and training for M1A1 tanks for the government of Iraq. The work is estimated tp be completed by 31st December, 2015. (Source: US Dept of Defense)
Oil Insiders Sceptical on Increased Prodn
By John Lee. A report from Reuters suggests that Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with low oil prices. Oil executives and market experts say that increasing production next year will be even more challenging if prices remain low, and if Baghdad fails to repay oil […]