New Pipeline Schedule "Under Review"
By John Lee. An unidentified spokesman from the Turkish Energy Ministry has told the Platts that it's not possible to build a new oil pipeline in the time expected by Kurdish officials. Ashti Hawrami, the Kurdistan Regional Government's Minister of Natural Resources, is reported to have said last week that it would take less than […]
First Hyatt-Branded Hotel in Iraq
By John Lee. Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement with Claremont Group LLC, a New York-based real estate development company, for a Hyatt Regency hotel in the Kurdistan region of Iraq. Expected to open in 2017, Hyatt Regency Sulaymaniyah will be the first Hyatt-branded hotel in […]
Joint Statement by Maliki, Obama
In their recent meeting at the White House, President Obama and Prime Minister Nouri al-Maliki reaffirmed the strategic partnership between the United States and the Republic of Iraq and pledged to advance common interests to support a stable, secure, and prosperous Iraq and Middle East. They also discussed their shared commitment to enhance cooperation under […]
Iraq Beats Kuwait to Chinese Refinery Deal
By John Lee. Reuters reports that China's state-owned Sinochem Corp plans to use Iraqi crude oil for 40 percent of the capacity of its new refinery, in what the article describes as "the latest example of Iraq beating Middle Eastern rivals in the competition for new markets in Asia". The deal wold replacing a preliminary […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 31st October 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,755 (-0.3%)/ $1,864 (-0.1%) (weekly change). The number of week traded shares was 4.2bn and the weekly trading […]
Nearly 1,000 Iraqis Killed in October
According to casualty figures released today by UNAMI, a total of 979 Iraqis were killed and another 1,902 were wounded in acts of terrorism and violence in October. The number of civilians killed was 852 (including 158 civilian police), while the number of civilians injured was 1,793 (including 218 civilian police). A further 127 members […]
Parliament Seeks Electoral Compromise
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As Maliki […]
Iraq Asks for Obama's Help
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Prime Minister Niuri al-Maliki has traveled to D.C. to request aid from the United States. CNN's Barbara Starr reports:
US, Iraq Vow to Fight al-Qaeda
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Nouri al Maliki is in Washington to gather U.S. support to deal with violence in his country. Barack Obama says he wants an inclusive Iraq and that democratic elections should be held as […]
Akri Bijeel Oil Block Declared 'Commercial'
By John Lee. MOL Plc has informed the market that Kalegran Ltd. (a 100% subsidiary of MOL), as has officially declared the Akri Bijeel Block to be 'commercial', based on the discoveries made at the Bijell-1 well (pictured) in Jurassic horizons and Bakrman-1 well in Triassic horizon. Kalegran is the Operator of the Block on […]
Downtown Erbil "a Milestone" for Kurdistan
Prime Minister Nechirvan Barzani kicked off the nearly-$3-billion “Downtown Erbil” project on Sunday, calling the venture that is estimated to create 35,000 jobs and transform the face of the Kurdish capital, “a milestone for the Kurdistan Region.” “This project will be a source of pride and a source of income for thousands of families,” Barzani […]
UNESCO, EU Launch Groundwater Project
In the framework of their significant efforts towards supporting the Iraqi government in overcoming the devastating impact of water shortage, UNESCO and the European Union (EU) launched the phase II of the "Advanced Survey of Hydrogeological Resources in Iraq" (ASHRI-2), a pioneering initiative that aims to improve national capacities in the exploration and integrated management […]