Human Rights and Democracy Report
The UK's Foreign and Commonwealth Office has issuued the following update on human rights and democracy in Iraq: We remain concerned by the deteriorating security situation in Iraq and the increasing frequency of coordinated attacks. According to the United Nations Assistance Mission in Iraq, almost 3,000 people were killed in acts of terrorism between July […]
Weekly Security Update 09 - 16 October 2013
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW This week has seen little change in the security situation as suicide bombings and shooting endure and the Syrian conflict continues to make its presence known in the north of the country. The dynamic that is playing out in northern Syria is becoming of greater concern for […]
China Seeks 70% More Iraqi Crude
By John Lee. China is attempting to increase purchases of its crude by more than two-thirds next year, according to a report from Reuters. "Iraq is in a lucky position because we always get more requests than we can actually supply," deputy prime minister for energy Hussain Al-Shahristani said on Wednesday at the World Energy […]
Cabinet Authorises Bombardier Contract
By John Lee. The Iraqi cabinet has authorized the Transport Ministry to sign a contract with the Canadian firm Bombardier. The deal will involve the purchase of five CS300 aircrafts at a cost of $40 million each, according to a report from Aswat al-Iraq. (Source: Aswat Al Iraq)
Seismic World Record Set at Shakal Block
Wireless Seismic, Gazprom Neft, and Asian Oilfield Services Limited (ASIAN), have announced that a world record has been set for the number of live seismic channels recorded in real time by a cable-free seismic recording system. ASIAN has been acquiring a 270 sq km 3D seismic survey over a mountainous prospect in the Kurdish Autonomous […]
Oil Exports to Rebound
By John Lee. According to a report from Reuters, exports from Iraq's southern terminals have averaged 1.67 million bpd in the first 16 days of October, down from September's rate of 1.82 million bpd and the 2.31 million bpd achieved in August. But due to the reopening of all four of the crude loading berths […]
Cabinet Approves $700m Daewoo Deal
By John Lee. Iraqi Cabinet has authorised the Transport Ministry to sign the breakwater project for Great Fao [Faw] Port in Basra with the South Korean company Daewoo Engineering and Construction. According to a report from Aswat al-Iraq, this phase of the project will cost 521.56 million Euros. (Source: Aswat Al Iraq)
RAK Airways to Open Najaf Route
By John Lee. RAK Airways will start flying to Najaf early next month, the carrier told Khaleej Times. The airline, which is celebrating its third anniversary, said that Najaf will be its first entry into Iraq. The route will be served by an Airbus A320. (Source: Khaleej Times)
Maliki to Visit White House
By John Lee. Prime Minister Nouri al-Maliki is to meet US President Barack Obama at the White House on 1st November. The White House said the talks would focus on a US-Iraq Strategic Framework Agreement (SFA) that governs relations between the country following the final US troop withdrawal in 2011. A White House statement said […]
Basra Export Terminal Fully Reopened
By John Lee. Iraq has reopened all four of the crude loading berths at the al-Basra Oil Terminal (ABOT), according to a report from Platts. Two of the terminal's four jetties were shut in September to allow the installation of a jacket for a new platform in the Gulf to feed four Single Point Moorings. […]
BGR Energy Signs $246m Deal
By John Lee. BGR Energy Systems has signed a contract with the Ministry of Electricity for engineering, procurement and construction (EPC) of four 125-MW gas-fueled power project at Nasiriya. The Economic Times reports that the contract is valued at $246 million and includes the scope of engineering, procurement and construction services of BOP, civil works […]
Amarinth Wins Further Orders at Zubair
By John Lee. Amarinth, a leading company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the Oil & Gas, petrochemical, chemical and industrial markets, has secured a new order in Iraq to supply a further eight API 610 OH2 A-Series pumps to the Zubair Initial Production Facility. Last year, […]