DNO's AGM Presentation; Oil Confirmed at Peshkabir-1
DNO International ASA, the Norwegian oil and gas company with operations in Iraqi Kurdistan, is holding its Annual General Meeting in Oslo at this morning. Please click here to download the presentation made by the Managing Director, Helge Eide. A statement from the company added: "The latest results from testing of the Peshkabir-1 well in […]
KRG Hosts Activity Update with UN Agencies
The KRG Department of Foreign Relations and the UN agencies in Kurdistan have agreed to strengthen mechanisms for sharing information. The meeting was organised by the Kurdistan Regional Government (KRG) Department of Foreign Relations (DFR) to provide an opportunity for a comprehensive activity report between the DFR and the various UN agencies, as well as […]
On-Farm Trials: Tools to Reduce Poverty
By Layth Mahdi, Agricultural Advisor. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On-farm demonstration trials are used to teach farmers to improve their agricultural practices and increase yield. It serves as one of the most valuable extension education program to help farmers to […]
CIA to Downsize in Iraq
The CIA is reportedly planning to cut the number of personnel in Iraq to 40% of what it had at the height of the Iraq war, when Baghdad was the headquarters of the largest CIA station in the world. At that time, there were more than 700 members of the CIA there. Supporters of the […]
US Army Major Jailed for Iraqi Kickbacks
A U.S. Army major who pleaded guilty to accepting $20,000 in bribes from an Iraqi contractor was sentenced last week to six months in federal prison, according to a report from Reuters. In addition to his prison sentence, Christopher Bradley, aged 42, of El Paso, Texas was also ordered to pay restitution. Federal prosecutors said […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th June 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,291 / $1.407, (+0.7%) (weekly change). The number of week traded shares was 8.0bn and the weekly trading volume was ID13.1bn ($11.0mn). ISX Company […]
Iraq discusses Motorway Design with Danish Company
Iraq's Minister of Construction and Housing, Mohammed Sahib al-Daraji [Darraji], has reportedly discussed plans for Highway No. 2, which runs from Baghdad to the Turkish border, with a Danish engineering design company. According to the report from AKnews, the company concerned is called "Coy", but Iraq Business News believes it to be COWI Holdings. The minister […]
Govt Allocates $1.7bn for Importing Electricity
The Iraqi government has decided to increase the fund for importing electricity to $1.7 billion, according to a report from AKnews. Government spokesperson Ali al-Dabbagh (pictured) said the increase was made following a request from the Ministry of Electricity. (Source: AKnews)
Iraqi Could Head OPEC
Iraq has named Thamer Ghadhban as its candidate for the position of head of OPEC, and some analysts believe he could be an acceptable compromise candidate. Based on current differences, "I don’t believe it can be an Iranian or a Saudi," said Neil Atkinson, an energy analysis director at UK research firm Datamonitor, who notes […]
Iran may Build Gas Pipeline in Iraq
The Tehran Times reports that Iraqi officials have expressed interest in using experts from Iran to build a section of a natural gas pipeline on their side of the border. Javad Oji, managing director of the National Iranian Gas Company, said talks with Iraqi officials in Baghdad resulted in agreements between the countries to move […]
WesternZagros Resources Corporate Presentation
WesternZagros Resources recently updated its corporate presentation. Please click on the following pages to see the main slides:
PM Barzani Announces New Power Plant
KRG Prime Minister Nechirvan Barzani announced a strategic, tripartite energy agreement yesterday between companies from the Czech Republic, Turkey and the Kurdistan Region to build a new power plant. The agreement brings together the Czech Export Bank, Czech company PSG International, Turkey’s Renaissance Construction and KAR Group, the Kurdistan Region’s largest company, to build and […]