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 […]
Shell to Start Majnoon Oil Output
By John Lee. Shell is to start producing crude at the Majnoon oil field (pictured) as early as next month. Bloomberg quotes the company's regional vice president, Mounir Bouaziz, as saying that output will start “around mid-year” and increase to 175,000 bpd by the end of 2013. He said that the project had faced “teething problems”, […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th May 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,771 (-1.7%) / $1,799 (-1.2%) (weekly change). The number of week traded shares was 33.4bn and the weekly […]
Foreign Minister Receives Kuwaiti Ambassador
By John Lee. Foreign Minister Hoshyar Zebari has met with the Kuwaiti Ambassador to Iraq, Ali Mohammed Al Mu'min. The Minister received a written letter from the Kuwaiti Deputy Premier and Foreign Minister, Sheikh Sabah Khalid Al Sabah, on bilateral relations. During the meeting, the positive progress achieved between the two parties due to their […]
Camp Liberty Residents Relocated to Albania
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Martin Kobler, welcomed the relocation of a first group of 14 Camp Liberty residents to Albania. “The residents’ arrival in Albania late last night is an encouraging first step in the relocation of the group of 210 residents the Albanian government has agreed […]
Video: Attacks on Sunni Mosques
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. There has been a sharp rise in attacks on Sunni holy sites in Iraq, causing a fear that the country could face more sectarian violence reminiscent of the bloodshed that the country […]
Iraqi Judiciary Opens Hawija Investigation
By Ali Abel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Nearly a month following the bloody events that took place in the town of Hawija, the Iraqi judiciary has decided to investigate the circumstances surrounding the events, just as it has […]
Afren Shares Up on Interim Mgt Statement
Shares in Afren have risen more than 5 percent since the publication of its Interim Management Statement on Thursday. In the statement, the company gave the following update on its operations in Iraqi Kurdistan: Barda Rash As part of the phased development of the field, Afren initiated production operations in August 2012 producing its first […]
PhotoSat Completes Satellite Mapping of Garmian Block
By John Lee. PhotoSat has announced the completion of its satellite topography mapping of WesternZagros's Garmian Block in the Kurdistan Region of Iraq, using stereo satellite photos from the high-resolution Pleiades 1A and 1B imaging satellites. Pleiades 1A and 1B are the world's newest 50cm resolution satellites. The satellite topography mapping consists of an elevation […]