Weekly Security Update
By Gary Sandiford, Olive Group’s Dubai based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a […]
Iraqi Oil Exports Hit New Highs
By John Lee. Iraq’s oil exports rose to an average of 2.565 million bpd in August, up from 2.516 million bpd in July, the highest level in two decades (according to NINA), or highest in three decades (according to Reuters). Spokesman for the Ministry of Oil, Asem Jihad, said that Iraq's daily export of oil […]
Iraqi GDP to be 33% Higher in 3 Years
By John Lee. Iraq’s GDP is expected to grow by 33% over the next three years, according to a report from Reuters. The average rate of about 10% per annum over the next three years will be driven by increased oil revenues, Mudher Kasim, deputy governor of the central bank, told Reuters in an interview. […]
Kurdistan to Continue Exporting Oil Until mid-Sept
By John Lee. Iraq's Kurdistan is to continue pumping oil for export until 15th September, extending its deadline for the central government to make disputed payments to companies working in the region. The KRG had halted exports for several months from the start of April over $1.5 billion it said was owed to foreign oil […]
Vodafone and Zain Announce Partner Market Agreement
By John Lee. Vodafone and Zain have jointly announced a Partner Market agreement that will significantly expand Vodafone’s Partner Market presence in the Middle East and provide Zain customers with greater support in Vodafone’s global footprint. Under the non-equity partnership agreement, Vodafone will work with Zain companies in Saudi Arabia, Bahrain, Kuwait, Jordan and Iraq […]
Iraq and US Reaffirm Strategic Partnership
By John Lee. The Governments of the Republic of Iraq and the United States of America reaffirmed their strategic partnership during a meeting of the Political and Diplomatic Joint Coordination Committee (JCC) on September 2, in Baghdad. This meeting, held at the Iraqi Ministry of Foreign Affairs, was co-chaired by Iraqi Foreign Minister Hoshyar Zebari […]
Sterling Energy Updates on Sangaw North
By John Lee. Sterling Energy Plc has announced the following updates in the Sangaw North Production Sharing Contract ("PSC") in Kurdistan: 2D Seismic Acquisition: The acquisition of 2D seismic data in the Sangaw North PSC, which commenced in July, has now been completed. 117 km of data was successfully acquired and is now being processed, […]
Expro Wins Iraq SONAR Testing Contract
By John Lee. Expro has secured a contract for production testing for Eni in Iraq utilising its clamp-on SONAR meters. The company will provide completely non-intrusive multiphase production testing to Eni for oil wells in the Zubair field, which Eni Iraq, B.V. operates in cooperation with Iraq’s state-owned South Oil Company (SOC). Expro will utilise […]
MEA Iraqi Kurdistan Trade Mission 14-18 October
The UK's Middle East Association (MEA), in partnership with UKTI and the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan this October to coincide with the eighth Erbil International Trade Fair, Iraq’s largest general trade exhibition. Mission Participants will have the opportunity to exhibit at the Fair’s British Pavilion, as well […]
9th Maghreb-Mediterranean-MidEast Upstream Conference
The 9th Maghreb Mediterranean MidEast Upstream 2012 Conference in Geneva is part of Global Pacific & Partners worldwide suite of senior management conferences that it has conducted annually for over two decades, and Iraq Business News is delighted to be chosen as a Media Partner. Our MENA-Med Conference showcases the regional exploration, oil/gas-LNG and energy […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th August 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,377 / $1,489 (-2.2%) (weekly change). The number of week traded shares was 4.7bn and the weekly trading volume was ID10.1bn ($8.4mn). ISX Company Announcements […]
Iraqi PM Endorses Iraq Finance 2012
Message received from the Prime Minister's Office With respect to your letter to Dr. Hamid Khalaf Ahmad, head of the Prime Minister's Office, and your invitation to the Prime Minister to attend the International Conference and Exhibition on Banking, Finance, and Investment in Iraq, we would like to inform you that His Excellency the Prime […]