Iraq Reviews Oil Targets
Thamir Ghadhban (pictured), the chairman of the prime minister's advisory commission on energy, has said that Iraq is revising its oil production targets. Speaking at the MEED Iraq Energy Conference in Dubai, he said Iraq that Iraq should average 2.9 million barrels per day this year, rising to 4.5 million bpd by the end of […]
DoubleTree by Hilton Announces Growth In Kurdistan
Hilton Worldwide today announced its expansion in Iraq's semi-autonomous region of Kurdistan into the city of Sulaymaniyah following the signing of a management agreement with Kurdonia Company for Tourism & Hospitality Ltd, owned fully by Hiwa Rauf Company. The new build, 223-room DoubleTree by Hilton Sulaymaniyah is expected to open early 2015. The hotel will […]
Pipeline Attack Halts Oil Exports
By John Lee. Insurgents blew up the Ceyhan oil pipeline in northern Iraq on Monday night, halting the country's oil exports via the Turkish port (pictured). The attack took place near Tulool al-Baj, some 250 km north of Baghdad, a police source told Xinhua. "The sabotage caused a huge fire at the scene and resulted […]
Video: Kerry Pressures Iraq to Inspect Iran Flights
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Just days after the 10th anniversary of the US-led invasion of Iraq, US Secretary of State John Kerry has made an unannounced trip to Baghdad to confront the government for granting Iran […]
Afren Slips on Full Year Results
By John Lee. Shares in Afren fell 1.7 percent following the publication of its full-year results for 2012. Key highlights Record financial results driven by strong production growth (+123%); FY 2013E net production expected to average 40,000 to 47,000 boepd (excluding Barda Rash) Significant exploration success E&A success ratio of 88% 265% reserves replacement ratio […]
Legality of Delay in Elections in Anbar and Nineveh
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 […]
KRG PM Barzani’s Speech in Reichstag Building
Distinguished Guests, Ladies and Gentlemen Thank you for inviting me to address this important forum on energy and foreign policy. We in the Kurdistan Region of Iraq have a great respect for Germany, one of the world’s most successful and established federal democracies. Ten years ago, the US and its allies removed Saddam Hussein from […]
Sulaymaniyah Museum Opens its Renovated Halls
The Sulaymaniyah Museum inaugurated a first section of its renovated exhibition halls displaying part of its rare and precious collection of historical objects embedded with ancient scripts. The "In Writing" exhibition comes as a new milestone in the modernization project of the museum, which was initiated in 2010 with the technical support of UNESCO. The […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st March 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,675 / $1,812 (+1.0%) (weekly change). The number of week traded shares was 19.4bn and the weekly trading […]
WesternZagros Announces Final Results
WesternZagros Resources today announced its operating and financial results for the year end ended December 31, 2012, and additional key highlights and activities to date. With tremendous exploration success and solid operational execution in 2012, WesternZagros moved well ahead on its mission to be recognized as one of the leading junior oil and gas companies […]
New Iraqi Budget Deepens Housing Crisis
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. The strenuous efforts exerted to handle the housing crisis were quickly rendered useless when the ratified 2013 general budget did away with the allocations for the housing fund, which was to […]
Hotel Chain has Big Plans for Iraq
By John Lee. Abu Dhabi's Cristal Group, which plans to open its first Baghdad hotel, the Cristal Grand Ishtar, at the start of May, says it wants to expand beyond Baghdad to Erbil, Karbala, Basra and Suleimanya in the next two years. Referring to Baghdad and most of the country outside the Kurdistan region, Peter […]