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 […]
US Congressional Staff visit Kurdistan
A large delegation of US Congressional staff visited the Kurdistan Region last week to meet with government officials, local businesses and schools, and to get a first hand view of how US-KRG relations can be further developed and improved. "This was the first Congressional staff delegation of its kind and size to the Kurdistan Region," […]
Iraq Gets A New De-Baathification Board ...
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Shell "Reduces Majnoon Plateau Target by Almost Half"
Reuters reported today (8 May 2012) that it has seen ministry of oil documents indicating that Royal Dutch Shell is ready to cut the production plateau target of the Majnoon oilfield to 1 million bpd from 1.8 million bpd. In my humble view, if this is true, it should be a welcoming development. As many, […]
OPEC Oil Output highest since 2008
The output of OPEC in April hit its highest point since 2008 as extra crude from countries such as Libya, Saudi Arabia, and Iraq more than compensated from the loss of Iranian crude supply. Analysts found that the 12 member countries making up OPEC averaged 31.75 million barrels per day (mbpd). In April it was […]
Iraq Topples Iran to become 2nd Largest Crude Supplier to India
The recent sanctions imposed on Iran by the United States has in turn put pressure on India to diversify to other oil producing nations. Until now Iran was India’s second largest supplier of oil, meeting 12% of the country’s needs. This position has now been taken over by Iraq. The reason for the movement away […]