Dana Gas Facility Repaired
By John Lee. Dana Gas has repaired its liquefied petroleum gas (LPG) facility at Kor Mor in Iraqi Kurdistan, which was damaged when a tanker smashed into it last year, halting its production of up to 900 tonnes of oil equivalent a day. Dana and its parent company, Crescent Petroleum, remain in negotiations with the Kurdistan […]
Iraq to Receive Two Chinese Trains
By John Lee. Iraqi Railways is to receive two Chinese-build trains within the next two months. The trains are part of a ten-train, $115-million contract with China to develop railways sector. The handover of the remaining trains depends on the completion of the Baghdad-Basra-Umm Qasr railway line, which has been delayed due to lack of funds. […]
Video: Syrian Shia Pilgrims Stay on in Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The conflict in Syria has become increasingly sectarian as it spills over into neighbouring countries. Iraq has essentially closed its border to Syrian refugees, partly to avoid an influx of Sunni muslims. But […]
Iraq to Import Natural Gas from Iran
By John Lee. A spokesman for the Electricity Ministry, Musab al-Mudaris, confirmed on Tuesday that Iraq has signed a deal with Iran to import natural gas for power generation. Associated Press reports that under the four-year deal, Iraq buy 850 million cubic feet a day of gas at international market prices, but UPI says no […]
Alkitan Plans Basra Cement Plant
By John Lee. A Pakistani company identified as "Alkitan" has said it will build a new cement plant in Basra. Company director Shakir Ali told the Basra Investment Commission that they wanted to set up there "due to the abundant natural resources and investment opportunities". He added that the plant will be built on a […]
Behind Iraq's Upsurge in Violence
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Will a political deadlock, a lack of government control and spiralling chaos push the war-torn nation over the edge? Mike Hanna discusses the reasons behind the increasing violence in Iraq recently with guests: […]
UN Condemns Assassination of Sheikh
The Acting Special Representative of the United Nations Secretary-General for Iraq (A-SRSG), Mr. Gyorgy Busztin, has condemned in the strongest terms the assassination on 22 July of the Head of the Arab bloc in the Kirkuk Provincial Council and Deputy Chairman of the Provincial Council Security Committee, Sheikh Abdallah Sami Al-Assi, and two of his […]
Nation Building : Empowering Women in Business and Employment
By Madeleine White, educationalist, writer and Head of Strategic Partnerships, Whizz Education. Apologies for not writing my usual monthly update. I do have a good reason though, I was involved with an inspiring conference at the end of June in London and have been working to respond to the passion, ideas and concepts shared ever since. The […]
Security Update 23 July 2013
By Tom Walker, Director, Assaye Risk NEWS UPDATE In a series of sophisticated simultaneous attacks the ISI has managed to break out hundreds of convicts, including senior members of al Qaeda, from Abu Ghraib jail amidst a military-style assault. The deadly raid on the high-security jail comes as Sunni Muslim militants are seeking to gain […]
Crude Exports Fall for Second Month
By John Lee. The Iraqi Oil Ministry has said that exports of crude oil fell in June for the second consecutive month, due to bad weather at the ports and attacks on northern pipelines. Shipments dropped to 69.8 million barrels for the month, or 2.33 million barrels a day (bpd), bringing in a total of $6.8 […]
Talisman Testing Kurdamir-3 Well
A unit of Talisman Energy Inc., Calgary, has begun a cased-hole test program of the Oligocene reservoir at the Kurdamir-3 well on the Kurdamir block in the Kurdistan Region of Iraq. Talisman (Block K44) BV drilled the well to 2,895 m about 5 km southwest and downdip of the Kurdamir-2 well in what the block […]
Officials Divided Over Dinar 'Reset'
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. There has been […]