EU and Iraq agree Partnership Deal
The European Union and Iraq signed a partnership agreement on Friday, which in turn has opened the way for both trade and energy deals. The agreement also allowed a closer cooperation in combating terrorism, promoting human rights, and countering the proliferation of weapons of mass destruction. The accord will allow continuous political discussions on bilateral, […]
$5m of Fuel Stolen Monthly from Basra
More than $5m (5.8bn IQD) worth of fuel is stolen each month from the amount allocated to three Turkish barges that produce power in Basra, a government investigation has revealed. According to the report from Aknews, Iraq's Electricity Ministry announced the discovery following an ongoing investigation into fuel theft. The Inspector General of the Ministry, […]
GKP Responds to Internet Speculation; Shares Rise
Shares on Gulf Keystone Petroleum gained 7.6% on Thusday following the company's response to speculation: Gulf Keystone notes the continued and unfounded speculation on various bulletin boards and other social media sites regarding an alleged planned placing of the Company's shares at 160p per share. Gulf Keystone does not normally comment on such unfounded speculation. […]
$102m Residential Project for Basra
Iraq's Minister of Reconstruction and Housing, Mohammed al-Daraji [Darraji] (pictured) has announced details of the new Zubair Residential Community in Basra province. The project will be built on a site of 56 donums (14 hectares )at a cost of 119 billion Iraqi dinars ($102m). The entire project includes two blocks: block A with 8 flats and […]
DNO Updates on the Company's Reserves; Shares Up
Shares in DNO International ASA, the Norwegian oil and gas company, closed up 6.7% on Thursday following an update on the company's resources. The company released updated estimates setting its remaining proved plus probable (2P/P50) company working interest reserves at 502 million barrels of oil (including condensate and other liquids) and 165 billion cubic feet […]
Basra Governor set for Iraq Day Conference
His Excellency Dr Khalaf Samad Khalaf (pictured), Governor of Basrah, is guest of honour at IBBC’s Iraq Day Conference at London’s Mansion House on May 17th 2012 attended also by executives from the world’s leading corporations including major oil and construction companies. As rising oil sales supercharge the Iraqi economy Dr Khalaf’s keynote address will […]
Weekly Security Update for 9th May 2012
There was a slight rise in the number of attacks recorded in Iraq last week but the overall number of casualties fell from the previous week. At least 26 people were killed and 62 injured in nationwide incidents. A total of 31 bomb attacks left 11 people dead and 57 injured while small arms fire […]
Information is Power
As our regular readers will already know, there is a wealth of opportunities available in all sectors of the Iraqi economy. In recent days alone we've reported developments in hospitals, oil infrastucture, and air transport. Industry analysis and reports are important tools for many businesses interested in breaking into the Iraqi market, and one particular […]
Pathfinder Trade Mission to Erbil
Pathfinder Trade & Invest (PTi) with the support of the Kurdistan Regional Government and UKTI, invite you to join a High Level Trade Mission from the 17th– 21st June to Erbil. This Mission will be of interest to those companies in the following sectors: Financial services and Insurance, Education and Training, Construction and Construction Supplies, […]
Kurdistan Business Seminar in London
Pathfinder Trade & Invest (PTi) invite you to attend a Kurdistan Business Seminar kindly sponsored by DLA Piper UK LLP at their offices situated at 3 Noble Street, London EC2V 7EE, on 28th May 2012 from 10.00 am to 12.30 pm. Whilst many events in the Middle East have cast a shadow over the region, […]
Fairstar Wins $9.6m Saipem Contract in Iraq
Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Saipem S.p.A. to provide float-over and installation services to Saipem for the 8,000 tonnes CMMP Platform in the Persian Gulf, off-shore Iraq. Saipem has contracted the new 50,000DWT semi-submersible vessel FINESSE for the transportation of the CMMP module from the fabrication facility in Karimun, […]
Turkey's Dorce Wins Basra Hospital Contract
Dorce Prefabricated Building and Construction Industry, Trade INC. has successfully completed numerous international projects to date and has began construction of 5 new projects in Mauritania and Iraq. The company's General Manager, Suheyla Cebi Karahan, emphasized the importance of these projects with the following words, "Dorce has the ability to follow a high quality policy […]