Genel Energy Spuds Chia Surkh 10 Exploration Well
By John Lee. Genel Energy has announced that the Chia Surkh 10 exploration well was spudded on 7th October 2012. The Chia Surkh 10 well is the first exploration well to be drilled on the Chia Surkh exploration block whichcovers an area of 984 square kilometres in the southern part of the Kurdistan Region of […]
جمعية الكندي للمهندسين تدعوكم الى رحلتها الإجتماعية السنوية
تدعوكم جمعية الكندي إلى رحلتها الإجتماعية السنوية المصادفة مع عيد الأضحى المبارك يوم السبت 27/10. لتأكيد الحجز نرجوا منكم ملئ المعلومات المطلوبة على الرابط التالي http://kindi.org.uk/index.php?option=com_flexicontact&Itemid=120 يسعدنا اللقاء مع جميع الاعضاء و الأصدقاء الأعزاء في هذا اللقاء الإجتماعي بين أبناء الجالية في بريطانيا اللجنة التنفيذية جمعية الكندي للمهندسين
Work Starts on $200m Karbala Housing Project
By John Lee. The director of Karbala Investment Commission has announced that the cornerstone for a major housing complex has been laid. Ta'if Abdul Hussein told Aswat al-Iraq that the project will be implemented by a Turkish company along the highway linking Karbala and Najaf. The project consists of 1260 housing units, with associated infrastructure, […]
New Polish Ambassador to Iraq
By John Lee. The new Polish Ambassador to Iraq, Lech Stefaniak, presented his credentials to Iraqi Foreign Minister Hoshyar Zebari on Sunday. The Minister welcomed the Ambassador and praised the friendly relations between the two countries, stressing the Ministry's readiness to provide all required assistance for the success of the Ambassador's mission. The Ambassador thanked […]
Iraq Energy Outlook Special Report
Why is the World Energy Outlook 2012 focusing on Iraq? (Source: IEA)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th October 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,441 / $1,558 (+1.1%) (weekly change). The number of week traded shares was 7.9bn and the weekly trading volume was ID13.1bn ($10.9mn). ISX Company […]
KRG Planning 1m bpd Pipeline to Turkey
By John Lee. The Kurdistan Regional Government (KRG) is planning to build an oil pipeline to Turkey with a capacity of 1 million barrels a day, according to a report from Platts. KRG natural resources minister Ashti Hawrami (pictured) told an energy conference in Turkey on Thursday that plans were already in place for the […]
GKP Shares Fall on Fundraising for Shaikan
By John Lee. Gulf Keystone has announced the launch of an offering of senior unsecured convertible bonds due October 2017 in a principal amount of USD$ 200 million, which may be increased in the event the Company exercises in full its increase option of up to USD$ 25 million (the "Increase Option"). Shares in the […]
Rompetrol Considers Iraqi Expansion
The Managing Director of Romania's Rompetrol has said that the company is interested in exploring in Iraq. Gavit Kurkimov (pictured) said: "We have just visited Iraq. The main purpose of our visit was to gather information on the possibilities of drilling there ... we do not carry out any activities in Iraq, but have opened […]
CBI Postpones Iraqi Currency Redenomination
The Central Bank of Iraq (CBI) has ruled out deleting the three zeros from the Iraqi currency in 2013 because it needs time and a new fiscal year. The Deputy Chairman of the CBI, Mudhir Mohamed Salih, told AIN on Wednesday: "The project of crossing out zeros from the Iraqi currency takes time ... The […]
Your Source of Timely Tenders Notifications
Iraq Business News tenders service provides the latest tenders, online tenders and tender alerts from Iraq. We search all major sources and notify you of tenders, quotes, requests for expressions of interest, and pre-qualifications. Over thirty tenders has been listed this week covering spare parts, construction and electrical equipment, and heat treatment instruments, as well […]
Sound Bites to Sum Up Iraq
By John Lee. Three sound bites from the past week sum up the investment climate in Iraq: From Deputy Prime Minister for Energy, Dr Hussain al-Sharistani: "Investments between now and 2030 in the energy sector and linked industries will amount to about $500 billion, of which 80 billion is expected to come from the private […]