Investment Opportunities in Iraqi Fiber Networks
By John Lee. The General Company of Post and Communications has announced that it intends to offer "huge investment opportunities" in the provision of optical fiber networks. AIN reports that the investment opportunities, running to billions of dollars, aim to take advantage of the geographic location of Iraq as a route for information and communications […]
Weatherford Completes New Well at Bazargan
By John Lee. Missan Oil Company has announced that the US company Weatherford has successfully completed an oil well at the Bazargan field. It has also rehabilitated another well in the same field, and one at the Faqa oil field. According to a report from AIN, this brings the number of wells Weatherford completed at […]
US Ambassador’s Fund Grant
The U.S. Mission in Iraq, through the Ambassador’s Fund Program, is seeking Statements of Interest that offer creative and effective approaches to promote reconciliation and stability in Iraq and to improve the institutional capacity of Iraqi organizations and local communities. Awards will range from USD 200,000 to USD 500,000, although smaller and larger awards may […]
Announcement: Ownership of Knowledge, Transfer in Progress….
By Madeleine White, educationalist, writer and Head of Strategic Partnerships, Whizz Education. I love books. The sense that I am holding something that belongs to me is precious - even down to the physical smell. This sense of ownership was extreme in my teenage years. I refused to lend anyone my books - somehow they were a […]
WesternZagros Revises Resource Estimates
WesternZagros Resources has conducted further analysis of the results from the Kurdamir-2 well and provides a revision of its resource estimates for the Oligocene reservoir in the Kurdamir Block, as well as an update for the adjacent Oligocene reservoir in the Baram prospect on the Garmian Block. On the Baram prospect, the total mean estimate […]
Exxon Hires Former US Ambassador to Iraq
By John Lee. Oil giant ExxonMobil has reportedly hired former U.S. ambassador to Iraq, James Jeffrey (pictured), as a consultant. The company was recently told that it must choose between working in Iraq's southern oilfields, where it operates the $50 billion West Qurna 1 oilfield, or in Kurdistan, where it has signed exploration deals. Exxon’s […]
Standard Chartered Expanding in Iraq
By John Lee. British bank Standard Chartered is to apply to Iraqi regulators for permission to open three business branches in Baghdad, Basra and Erbil. Chief executive of wholesale banking, Mike Rees (pictured), told The Telegraph: "Associated with the name British is trust ... It is a very important brand which I think is underestimated. But […]
KRG's Hawrami Welcomes UK Energy Delegation
The UK’s leading trade association for oil and gas supplies and services on Thursday concluded its first mission to the Kurdistan Region. Dr Ashti Hawrami, the Kurdistan Regional Government’s Minister of Natural Resources, met the delegation from the Energy Industries Council (EIC), which was accompanied by the British Consul General Hugh Evans. After their meeting […]
Kirkuk Shines Spotlight on Turkey’s Iraq Policy
By Ilnur Cevik for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkish authorities fear that three deadly bomb attacks in Kirkuk and Tuz Khurmatu in the past month aim to further fuel the tensions between Iraqi Arabs and Kurds and push the […]
Cooperation Between Kurdistan and Northern Ireland
Northern Ireland companies are being encouraged to take advantage of a bonanza of economic opportunities in the Middle East. Enterprise Minister Arlene Foster was speaking as she welcomed His Excellency Masoud Barzani, President of the Kurdistan Region of Iraq to Northern Ireland, on a two-day trade and investment visit organised by Invest NI. Minister Foster […]
First Germany-Kurdistan Economic Forum
Germany’s Federal Minister of Transport, Building, and Urban Development, Peter Ramsauer, led a business delegation to Erbil to meet Kurdistan Regional Government officials and participate in the first Germany-Kurdistan Region economic forum. The German delegation met Prime Minister Nechirvan Barzani, who thanked them for their willingness to be part of the Kurdistan Region’s development process. […]
Iraqi Housing Initiative "Fails to Deliver"
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 Iraqi National Investment Commission (NIC) is facing major problems in marketing units in the largest residential project in the country, despite the growing housing crisis in the capital of Baghdad. […]