WesternZagros Starts Garmian Drilling
By John Lee. WesternZagros Resources has announced that it has started its latest Garmian Block drilling program in the Kurdistan Region of Iraq. The Mil Qasim Upper Bakhtiari-1 well was spudded on May 19, 2013. This is the first of a planned three-well program to test the potential of the shallow Upper Bakhtiari Formation. With […]
Nespak Wins Irrigation Project in East Gharaf
By John Lee. National Engineering Services of Pakistan (NESPAK) has awarded an irrigation project known as East Gharraf [Gharaf], reports The News. A spokesperson for the company said that Dr Mansoor Ahmad Hashmi, vice president of Water Resources Division at Nespak, will sign the agreement with the Ministry of Water Resources in Iraq by the […]
Baghdad Struggles to Halt Devaluation of Iraqi Dinar
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. Over the last few days, the government in Baghdad has been preoccupied with attempting to control the exchange rate of the Iraqi dinar against the US dollar. The rate has been […]
Date Set for Anbar, Ninewa Elections
The Special Representative of the Secretary-General (SRSG) for Iraq, Mr. Martin Kobler, welcomed the decision of the Council of Ministers today to conduct the Governorate Council elections in Anbar and Ninewa on 20 June. “This new date will give the people of Anbar and Ninewa a chance to choose their local representatives soon. This will […]
Video: Border Crossing Offers Syrians a Lifeline
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A border crossing between the Kurdish Region of northern Iraq and Syria has become a lifeline for thousands of Syrians. About 150 people seeking refuge or to buy essential supplies cross a river […]
Video: Iraq Sees Worst Violence in Years
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Tribal chiefs in Iraq have issued a dire warning about the country's future after the latest wave of sectarian violence. Sunni leaders in Ramadi say there'll be all out war if Iraq doesn't […]
News Flash - 20 May 2013
By Tom Walker, Director, Assaye Risk NEWS FLASH Levels of violence rose dramatically during this brief reporting period with multiple high impact attacks across the country, especially in the central and southern belts. With Friday Prayers in Baquba and Baghdad heavily targeted nearly 93 people were killed in one day, the highest total of any […]
Dana Gas Reports Strong Profit Growth
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the first quarter ended 31 March 2013 with a net profit after tax of AED 241 million (US$ 66 million), an increase of 17% as compared to AED 206 million (US$56 million) in Q1 2012. Revenue […]
Iran to Boost Diesel Exports to Iraq
By John Lee. Iran plans to more than double its diesel exports to Iraq, according to Reuters. The director of the National Iranian Oil Refining and Distribution Company (NIORDC), Alireza Zeighami, said that Tehran will supply 3-5 million liters of diesel a day, an increase on the 2-million-liters-a-day agreement signed by Iranian Oil Minister Rostam […]
Discussions Continue on Reducing Oil Targets
Shell is reported to be in “exploratory discussions” with the Iraqi government to lower the target for oil output at the Majnoon field. The Iraqi government agreed in January with Lukoil to cut targeted production at the West Qurna-2 field. It is also in talks with Exxon Mobil to reduce targeted output at West Qurna-1, […]
Foreign Minister Receives Japanese Ambassador
By John Lee. Foreign Minister, Mr. Hoshyar Zebari, received on 15th of May 2013, the Japanese Ambassador to Iraq Mr. Masato Takaoka. During the meeting, they discussed bilateral relations between two countries, and the desire of the Iraqi government and the Iraqi Sports audiences to set up the home game between the Iraqi and Japanese […]
Iraqi Politics Needs Roadmap For the Future
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since Prime Minister of the Iraqi Kurdistan Region Nechirvan Barzani’s visit to Baghdad on April 29, 2013, there has been talk of the agreement signed between Barzani and Iraqi Prime Minister […]