Shell in Talks to Cut Majnoon Output Target
Royal Dutch Shell is in talks to try to cut the production target at the Majnoon oilfield to 1 million bpd from 1.8 bpd. Shell executives proposed the extension of the oil fields plateau, which begins in 2017, to 20 years from seven years. The Iraqi side is understood to be resisting pressure to increase […]
Iraqi Political Leader Meet to Discuss Political Impasse
Leaders from Iraq’s top political parties announced on Saturday that a solution was needed to a growing crisis between the Shi’ite led government and the Sunnis and Kurds. The statement was made after a series of meetings between senior Sunni, Kurdish and Shiite politicians who are becoming increasingly frustrated with Prime Minister Nouri al-Maliki (pictured). […]
EIC Iraq Energy Overview 2012
EIC Consult brings you a fantastic opportunity to gain a thorough understanding of the Iraqi energy marketplace. The Iraq 2012 report delivers expert energy intelligence designed to identify existing investment opportunities and understand future growth requirements. The report provides over 200 pages of critical analysis of the current political and business climate alongside comprehensive coverage […]
Iraqi Co. for Financing SMEs Tops $26m in Loans
This week the United States Government, through the U.S. Agency for International Development (USAID), will reach a significant milestone in its efforts to support Iraqi businesses. Loans extended by Iraqi Company for Financing Small and Medium Enterprises (ICF-SME) to develop or expand small businesses will reach a total of $26 million or ID 30.18 billion. […]
President Barzani Discusses Political Crisis with US Ambassador
President Barzani yesterday welcomed US Ambassador to Iraq James Jeffery and Chief of the Office of Security Cooperation-Iraq General Robert Caslen in Salahaddin to discuss the current political crisis facing Iraq. Both sides underlined the importance of urgently resolving the current crisis through constitutional means and by respecting the existing agreements between the political blocs. […]
More Flights to Jordan and India
Iraq's Transport Ministry said it has agreed to increase the number of flights between Iraq and Jordan. There will be four trips weekly between Amman and Mosul, and five between Amman and Najaf. According to the report from Aswat al-Iraq, the Jordanian side has agreed to facilitate granting visas to Iraq. The ministry added that […]
The Battle for Iraqi Oil: Can There Ever be a Winner?
The battle for Iraq’s oil goes on. Iraqi Kurdistan is intent on controlling its own oil, Baghdad is intent on wresting that control from them. Will the impasse ever be solved? Only if both sides see reason, one commentator argues in this article from NIQASH. Ever since oil was found in Iraq nearly a century […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Trade with Iran Could Hit $15bn This Year
Iran Daily reports that trade between Iraq and Iran is expecte be between $12 billion and $15 billion in the current Iranian year (started March 20), up from $9.7 billion last year. Iranian Foreign Ministry spokesman Ramin Mehmanparast described trade ties with Iraq as 'ever increasing', saying there are 'abundant capacities' for cooperation between the […]
Investment Opportunity: Residential Complex in Baghdad
The National Investment Commission is pleased to announce the investment opportunity to construct a complete residential complex for the employees of the Shiite Endowments Directorate in Baghdad - Karrada district within a total area of (60) acres in accordance with the Investment law No. 13 of 2006 as amended and according to the requirements set […]
EIC Consult Predicts Minimum of $50bn Investment in Iraqi Energy
The energy sector in Iraq is predicted to see investment of a minimum of US$50 billion over the next five years amidst a gradually improving security situation. This was one of the key findings of ‘Iraq – An Energy Overview 2012’, a comprehensive country report developed by EIC Consult, the market research and consultancy arm […]
President Barzani Pursues Greater Cooperation with UAE
President Masoud Barzani this week paid an official visit to the United Arab Emirates to strengthen political, economic, cultural and investment ties between the Emirates and the Kurdistan Region. The President had meetings with the Prime Minister and Vice President of the UAE and constitutional monarch of Dubai, Sheikh Mohammed bin Rashed Al-Maktoum, and the […]