ShaMaran Updates on Reserves
By John Lee. ShaMaran Petroleum reports updates to estimated reserves and contingent resources for the Atrush block as of December 31, 2014. The reserves and contingent resources estimates were provided by McDaniel & Associates Consultants Ltd. ("McDaniel"), the Company's independent qualified resources evaluator, and were prepared in accordance with standards set out in the Canadian […]
Iraq to Cut Southern Oil Exports
By John Lee. Iraq plans to reduce crude oil exports from its southern ports in April. Reuters cites trade sources as saying that 2.4 million bpd will be exported in April, down from 2.65 million bpd in March, to make exports "more manageable". (Source: Reuters)
$100m New Funding for Oryx Petroleum
Oryx Petroleum has announced an update on its 2015 capital expenditure plans and funding. Highlights: A 2015 capital expenditure forecast of $140 million a 60% reduction against the budget of $350 million set in November 2014 includes a 30% reduction in general and administrative costs Capital expenditures to be focused on production activities in the […]
KRG Rejects Korean Corruption Claims
By John Lee. The Kurdistan Regional Government (KRG) has completely rejected what it calls "the false and malicious allegations of misuse of funds made against the KRG and the Minister of Natural Resources" by an opposition MP in the Republic of South Korea and which were published by the Korea Times. Korean MP Chun Soon-ok […]
Poll: Does Iran have too much Influence on Iraq
Iran's increasing influence on Iraq is very obvious, commercially, politically and militarily, but did the Saudi Arabian Foreign Minister go too far in claiming that "Iran is Taking Over Iraq"? The claim has been rejected by Iraq's Foreign Minister, who also pointed to his country's improving relations with Saudi Arabia. But what do, our readers, […]
Quality Health Care for Women in Iraq
Report first published in nina-iraq.com, the magazine for Iraqi women everywhere. In the first of a series of articles around the importance of addressing women’s health issues Hawra Abu Gulal, an Iraqi specialist in nutrition and public health, based in the UK, explores access to health for Iraq – set within a global context. Next […]
IS Continues Assault on Heritage
By Patrick Schmidt. The Iraqi Director of Antiquities has confirmed that the Islamic State (IS, ISIS, ISIL) destroyed portions of the historical city of Dur-Sharrukin (Khorsabad). The city was once a capital for the Assyrian Empire. The militants also ransacked the Mosul Museum and destroyed other artifacts in the Mosul Library. The group has also […]
GCC Disapproves of Iranian Influence
By Patrick Schmidt. During a meeting of the Gulf Cooperation Council (GCC), member states expressed their dissatisfaction with the influence Iran has had in Iraq since the rise of the Islamic State (IS). The GCC announced they supported a united Iraq, recognized its territorial sovereignty and condemned interference in Iraqi internal affairs. Iran’s influence has […]
Iraq to Export 3m bpd Oil in March
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has said he expects the country's oil exports to average 3 million bpd in March. According to the report from Reuters, this is assuming that the weather in the Gulf is good, and that Iraqi Kurdistan exports the quantities of crude oil […]
IBBC Spring Conference: "Iraq 2015: Realising Potential"
The Iraq Britain Business Council (IBBC) Spring Conference 2015 will be held at the Mansion House on the 1st June and the Royal Overseas League on the 2nd June. Baroness Nicholson of Winterbourne, IBBC Executive Chairman and UK Trade Envoy for Iraq, the Executive Committee and Council Members, will welcome distinguished speakers such as H.E. […]
A Message of Hope on Int'l Women’s Day
Report first published in nina-iraq.com, the magazine for Iraqi women everywhere Key stakeholders, including the Municipality of Suleimania, the University of Suleimania, Chamber Trade Sweden, Nina Magazine and many others sent a strong message of collaboration and support to all Iraqi women on March 8th Women’s Day. A two day event held at the Grand […]
Asiacell: Customers Up, Profits Down
By John Lee. Qatar-based Ooredoo has reported that its Iraqi subsidiary, Asiacell, substantially grew its customers during the year, increasing by 15% to 12.3 million compared to 10.7 million at FY 2013. In its 2014 Full Year Results, it said Asiacell faced the challenge of the growing security issue in the country during the year, […]