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, […]
UN Seeks Bids for Web Security
The United Nations Assistance Mission for Iraq (UNAMI) intends to solicit bids for the Purchase of Web Security Appliances and Ancillary Items. For this purpose, UNAMI will undertake a competitive bidding exercise shortly and issue accordingly an Invitation to Bid (ITB) with detailed specifications, UN General Conditions of Contracts and other related documents to those […]
China Consolidates Position in Iraqi Petroleum Sector
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. China and CNPC are Consolidating Further their Positions in Iraq Petroleum Sector Four years after the first bid round took place, some international oil companes (IOCs) are consolidating their positions. while others […]
Barzani Addresses Erbil/Ankara Oil Deal
KRG Prime Minister Nechirvan Barzani, speaking at a conference in Erbil today (Tuesday), highlighted Kurdistan Region’s contribution to the global energy market and reiterated Kurdistan’s commitment to the Iraqi constitution in the Region’s dealings with Turkey. The Prime Minister referred to the discussions over the past two years between the Kurdistan Regional Government and Turkey […]
Iraq Falls in Corruption Perceptions Index
By John Lee. Transparency International has said that Iraq has fallen one place in its global Corruption Perceptions Index (CPI). From at total of 177 countries, Iraq came in at number 171, putting it in 7th-last position. This result puts it ahead of countries such as Libya, South Sudan, and Somalia (which came last), and […]
Video: Zebari talks Security with Afghan Diplomat
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi Foreign Minister has visited Kabul to discuss security concerns with his Afghan counterpart. Last year American combat troops left Iraq after the two countries failed to reach a deal. Since […]
Video: Winter Misery for Iraq's Syrian Refugees
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many Syrian refugees have spent months living in makeshift tents in sprawling camps. And with the onset of winter, life is about to get even tougher. Al Jazeera's Imran Khan reports from the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th November 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,802 (+2.9%)/ $1,917 (+2.7%) (weekly change). The number of week traded shares was 6.3bn and the weekly trading […]
Romanian Ambassador meets with KRG
The Romanian Ambassador to Iraq, Mr Jacob Prada, met with Minister Falah Mustafa today to discuss ways to further develop ties with the Kurdistan Region of Iraq. The meeting took place a day after the Romanian Consular Office hosted their first National Day celebration in Erbil. Also present in the meeting was the Assistant Head […]