US Under Secretary of the Treasury Visits Iraq
The U.S. Department of the Treasury announced today that Under Secretary for Terrorism and Financial Intelligence David S. Cohen is traveling to Iraq, Lebanon and the United Arab Emirates this week to discuss international sanctions against Iran and Syria as well as the United States’ continued efforts to combat global terrorism. Continuing the Treasury Department’s […]
Brazil to Re-Open Baghdad Embassy
Brazil is to re-open its embassy in Baghdad this month 21 years after it was closed, Agencia Brasil, the Brazilian official news agency, reported on Tuesday. The country closed its embassy in Iraq in 1991 following the Iraq-Kuwait conflict, which put the diplomats in that country under risks. Even though for a long time there […]
UNDP and Shell Iraq Sign Partnership Agreement
The United Nations Development Programme (UNDP) and Shell Iraq have signed an agreement to implement a range of development projects in Southern Iraq. The four year partnership aims to increase the number of local area development activities, promote local small and medium enterprises and provide vocational training to respond to the private sector’s needs. “UNDP […]
US Embassy Announces Application Period for Civic Education and Leadership Fellowship
The U.S. Embassy in Baghdad is pleased to announce the Civic Education and Leadership Fellowship opportunity for Iraqi academics in the social sciences. The fellowship provides an opportunity for university teachers and scholars in social science disciplines from across the Middle East and North Africa to engage in four-month residencies at the Maxwell School for […]
DNO, Genel, Strike Oil at Tawke-16
Shares in Norwegian oil firm DNO International were up as much as 15% in intraday trading on Wednesday, following the company's announcement that it has stuck oil at its Tawke oilfield in Iraqi Kurdistan. Genel Energy, with which it shares the field, was up nearly 5% at one stage before falling back. The full text […]
Iraqi Firm Signs $245m Housing Deal in Basra
The Iraqi company 'al-Saqr al-Jareh' has won a $245 million contract to build 1,857 housing units in the northern outskirts of Basra city. Khalaf al-Badran, president of the Basra Investment Commission, said that the project is to be completed within five years. Basra province needs 200,000 additional residential units. (Sources: Basra Investment Commission, Bloomberg)
Iraq's Southern Oil Exports Jump
Oil exports from Iraq's southern ports have jumped by 150,000 bpd this month, according to shipping data tracked by Reuters. Exports from the al-Basra Oil Terminal (ABOT), Khor al-Amaya, and the new single-point mooring on the Gulf have averaged 1.81 million bpd in the first 19 days of March, up from about 1.66 million bpd […]
Polish Firm Wins $25m Redevelopment Contract in Kut
Local authorities in Wassit have commissioned a Polish company to implement a project to rehabilitate and develop residential areas in the city of Kut, according to Aswat al-Iraq. “The project, which will cost ID30.578 billion [$25.5 million] as part of the provincial development budget (PDB) for 2012, will include the rejuvenation of residential districts, extension […]
Iraq Calls for Major Investment in Refineries
Iraq Deputy Prime Minister for Energy, H.E Dr Hussein Al-Shahrestani, will announce large-scale investment opportunities in Iraq’s refining industry at the Iraq Refinery 2012 conference (www.iraqrefinery.com) on 17 -18 April 2012 in London. Major incentives for foreign investment already include discounted oil and acreage. The conference will represent the largest ever gathering of Iraqi oil […]
Weekly Security Update for 21st March 2012
As security measures are heightened ahead of the Arab League Summit in Baghdad levels of violence fell in Iraq last week with 26 people killed and 22 injured in nationwide incidents. This was a drop by half from the previous week and a very low figure in general for the country. However, a spate of […]
China to Drill 30 New Wells at Halfaya by End-2012
The head of the state-run Missan Oil Company, Ali Maarij, has said that the China Petroleum Engineering & Construction Corporation (CPECC), the engineering and construction subsidiary of the China National Petroleum Company (CNPC), has drilled 13 new wells at the Halfaya oil field, and plans to drill 17 more by the end of the year, […]
Iraq to Support Sri Lanka with Crude Oil
Iraq has offered "substantial quantities" of crude oil to Sri Lanka, as the island looks for alternatives to Iranian crude, according to AFP. Iran supplies nearly 92 percent of Sri Lanka's imported crude, but will stop crude oil imports from Iran from 29th March, ahead of the US deadline of 28th June. (Source: AFP)