CNPC's First Crude Cargo leaves Basra for China
On December 14, the first cargo with 2 million barrels of crude oil from Iraq's Halfaya Oilfield left Basra for China, indicating that China National Petroleum Corporation (CNPC)'s Halfaya Project has entered investment payback period ahead of schedule. Halfaya Project is the first to become operational and begin investment recovery amongst the seven international projects that […]
First Boeing 777 Enhances Iraqi Airways Fleet
Iraqi Airways received the first Boeing 777 aircraft for its fleet during a delivery ceremony at the Baghdad International Airport on December 15, 2012. The ceremony was attended by the Iraqi Minister of Transportation, Mr. Hadi al-Ameri, U.S. Ambassador to Iraq Stephen Beecroft, Boeing officials Donald A. Galvanin and Alan W. Smith, as well as […]
Video: US Forces Gone, but Problems Remain
The last in a convoy of American armoured vehicles rolled across the border into Kuwait on the chilly morning of December 18, 2011, marking the completion of the US withdrawal from Iraq. One year later, many Iraqis still lack basic services such as consistent electricity and clean water, and though levels of violence are down, […]
Recycling Natural Resources into Knowledge
By Madeleine White, former teacher and educational writer and Head of Marketing, Whizz Education. This month’s announcement of closer collaboration between Europe and Iraq, coupled with last month’s WISE 2012 summit in Qatar, provides a great starting point for exploring the role of the Middle East in driving global collaboration and knowledge-share in Education. It is clear that oil […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,655 / $1,790 (+2.0%) (weekly change). The number of week traded shares was 25.5bn and the weekly trading volume was ID32.3bn ($26.9mn). Note: ISX will […]
BP Proposes Cuts to Rumaila Target
BP is said to be close to reaching a deal with Iraq to cut the final production target for the Rumaila oilfield to between 1.8 million and 2.2 million barrels per day (bpd). According to Reuters, officials from BP, the state-run South Oil Company (SOC), and the Ministry of Oil, have been in talks for […]
Iraq Takes Delivery of C-130J Super Hercules
Lockheed Martin has delivered a C-130J Super Hercules to the Iraqi Air Force at a formal ceremony this week. This is one of the initial three aircraft of a total of six C-130Js ordered by Iraq. The other two of these initial three aircraft departed yesterday for Iraq. The remaining three C-130Js will be delivered […]
Iran to Boost Exports to Iraq to $12bn
Iran's Ambassador to Iraq, Hassan Danaeifar, says Tehran plans to export $12 billion worth of goods to Iraq by the end the current Persian calendar year (ending March 20, 2013), up from around $11 billion last year. "Iraq's free economy has created a competitive atmosphere for exporters from all over the world. Iranian cooperatives should […]
UNAMI Welcomes Amendment to Elections Law
The Special Representative of the Secretary-General (SRSG) for Iraq, Mr. Martin Kobler (pictured), welcomed the approval by the Iraqi Council of Representatives yesterday of the fourth amendment to the Governorate Council elections law, which determines the seat allocation formula to be applied in the elections. "The amendment was the final element in approving the legal […]
Iraq Seeks Pipeline Investors
At a roadshow in London today, Iraq sought investors for two new oil pipelines: A 2.25-million bpd line from Basra to the pumping station at Haditha, to be built on an EPC (engineer, procure and construct) contract; and, A 750,000- to 1-million bpd line from Haditha to the port of Aqaba in Jordan, on a […]
Iraq invites NESPAK for Irrigation Project
Iraq's Ministry of Water Resources has reportedly invited National Engineering Services of Pakistan (NESPAK) to participate in an irrigation project. The Express Tribune reports that the project, called "East Gharaf", will provide sustainable irrigation and drainage facilities for about 390,000 acres of land in the general areas of Nassiriya and Kut. State-owned NESPAK had worked on […]
Iraq Declared 'EITI Compliant'
The Board of EITI (Extractive Industries Transparency Initiative) has declared Iraq to be 'Compliant' with the EITI Standard. There are now 18 countries that are 'EITI Compliant'. EITI compliance means that the country has an effective process for annual disclosure and reconciliation of all revenues from its extractive sector. This allows citizens to see how […]