Britteach Launches in Iraqi Kurdistan
The British education company Britteach is launching in Kurdistan. Iraq. Britteach are delivering business, language and adult learning courses throughout the region. The dynamic training company offer 1, 3 and 5 day intensive courses performed by British, US, German, Italian and French trainers. Managing Director, Wesley Kent commented: “Kurdistan is fast becoming a business hub […]
Oil Exports Recover, Targets Remain Problematic
By Andrew Scarre. Iraq’s oil exports have increased in October to 2.25 million barrels per day, an increase of 0.18 million barrels per day in comparison to September’s figures. Over the course of October, Iraq exported 69.8 million barrels of oil over the course of October, creating US$7.160 of revenue. The ministry confirmed that the […]
Weekly Security Update 27 Nov - 02 Dec 2013
By Tom Walker, Assaye Risk COUNTRY SECURITY OVERVIEW The daily churn of violence notwithstanding it has been a gruesome week in Iraq as insurgents have pressed home a series of devastating attacks combined with a campaign of shock tactics where numerous groups of civilian males have been beheaded across the country. In addition, the focus […]
Progress in Iraq, and at IBN
By Padraig O'Hannelly. In a week when progress appears to have been made in the long-running dispute over control of oil exports from Iraqi Kurdistan, a Canadian company has announced another new oil find in the region. Meanwhile, our Expert Blogger Ahmed Mousa Jiyad takes a closer look at the activities of China, and the […]
From Reconstruction to Building the Future
By Robert Tollast. For a new series for Iraq Business News, I will be interviewing Iraqi and foreign professionals and asking them about their experiences working in Iraq. For the first edition I spoke with Hameed Abid, an architect who has worked on some 600 projects in Europe and the MENA region. Hameed’s first project […]
Schlumberger Takes Hit from Iraq Shutdown
By John Lee. Patrick Schorn, Schlumberger's president of operations and integration, has said that the company expects the temporary shutdown of its operations in North Rumaila last month to reduce fourth-quarter profits about 2 percent. Reuters quotes him as saying: "With strong support from the authorities, we are almost back to normal activity levels at this […]
Iraqi Airways Signs Bombardier Deal
By John Lee. Bombardier Aerospace has announced that Iraqi Airways, the national carrier of Iraq, has signed a firm purchase agreement to acquire five CS300 mainline jetliners. The agreement, which also includes options on 11 CS300 aircraft, follows a letter of intent (LOI) to purchase the aircraft that was announced by Bombardier on November 19 […]
Iraq Launches 3 New Housing Projects
By John Lee. The Iraqi Ministry of Construction and Housing announced on Tuesday the launch of three housing projects across the country. Al-Shorfa reports that the projects, which are expected to cost a total of 125 billion Iraqi dinars ($107 million), are intended to alleviate the country's housing crisis. The projects comprise 900 housing units, […]
Oryx Petroleum Strikes Oil at Zey Gawra
By John Lee. Oryx Petroleum today announced a successful oil discovery at Zey Gawra in the Hawler license area. The ZEG-1 well was flow tested at an average rate of 4,800 barrels per day of light crude oil from an 81 metre column. A Notice of Discovery has been filed by the Corporation with the […]
Iraq, Kurds "Close to Deal on Oil"
By John Lee. Reuters reports that Baghdad and Erbil appear to have found a formula that will allow Iraqi Kurdistan to export oil to Turkey through a new pipeline. Following a meeting in Baghdad on Sunday with Iraq's Deputy Prime Minister for Energy, Hussain al-Shahristani, Turkey's Energy Minister, Taner Yildiz, said on Tuesday that an […]
Video: Turkey, Iraq in New Oil Pipeline Deal
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey and Iraq have worked out a new oil pipeline deal. The idea has caused a serious rift with Baghdad, which says it has the sole right to control sales of oil and […]
Belarus Seeks Closer Ties with Iraq
By John Lee. The President of Belarus, Alexander Lukashenko, has said there is a need to intensify trade and economic relations with Turkey and Iraq. According to a report from BelTA, he said Iraq is showing an increasing interest in Belarus, receiving more and more cooperation proposals from Iraqi businessmen and politicians. Addressing Andrei Savinykh, […]