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 […]
Confusion Surrounds Exxon Iraq Decision
Reuters reported at the weekend that Iraq's government has received a letter from Exxon Mobil saying the it had frozen its deal with the Kurdistan Regional Government (KRG), but other reports say this has not happened. "We received a letter from Exxon on March 5 saying they are freezing the contract with the Kurds," oil […]
Iraq Approves Hormuz Oil Exports Contingency Plan
In an attempt to deal with any potential crisis should Iran close the Strait of Hormuz, Iraq has approved a plan to expand its oil export routes by adding capacity from its northern fields and building a pipeline to ship oil from southern oilfields to the Turkish port of Ceyhan (pictured), according to Reuters. "Short […]
Iraq Buys 300,000 Tons Canadian Wheat
Dow Jones reports that the Iraqi Grain Board bought 300,000 metric tons of Canadian wheat from a tender which closed on 13th March 13. The head of the board, Hassan Ismail Ibrahim, told the agency that: 100,000 tons were bought from Jordan-registered Jresat at $361/ton cost and freight; 100,000 tons from Glencore International at $356/ton […]
Toward a New Partnership with Iraq
Remarks by Antony Blinken, Deputy Assistant to the President and National Security Advisor to the Vice President, Center for American Progress, Washington, DC, March 16, 2012: Thank you, Rudy. It is great to be here at the Center for American Progress with you and with John Podesta, a great leader at the White House during […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th March 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,324 / $1,453, -1.4% (weekly change). The number of weekly traded shares was 5.0 bn and the weekly trading volume was ID10.2bn ($8.6mn). ISX […]
Iraq Gives Oil Assurances to South Korea
UPI reports that the Iraqi government has given assurances to South Korea that it could cover an oil shortage if sanctions against Iran disrupted supplies In response to Western sanctions against Iran, South Korea is looking to replace the 10 percent of its crude oil that it gets from Iran. South Korean officials said they […]
Crude Oil Reserves 'Expected to Double'
The Oil Ministry expects that Iraq's crude oil reserves will double, the ministry's official spokesman said on Wednesday. "The definite crude oil reserves (143 billion barrels) will double ... due to the ministry's activities in exploration and Iraq's oil licences," Aasem Jihad told Aswat al-Iraq news agency. "We hope that Iraq's fourth round of oil […]
Aras Publishers First to Use ISBN in Iraq
Aras Publishers will be the first company in Iraq to use the ISBN (International Standard Book Number) system and professionally enter the international book market, according to AKnews. Bedran al-Habeeb, chairman of the printing company and AKnews, headquartered in Erbil, announced that 10 book titles will be published with an ISBN barcode by the end […]
Italy's Paresa Considered for New Tank Farm
A delegation from the Ministry of Industry paid a visit to the headquarters of Italian company Paresa on Wednesday to discuss the building of eight oil tanks for the South Oil Company. According to Aswat al-Iraq, each tank will have a capacity of 58,000 'cubic liters' (sic); we believe this should read 'cubic meters'. (Source: […]
Major Discrepancy in Kurdistan Oil Figures
The Kurdistan Regional Government (KRG) has said Baghdad must investigate a difference of about 35,000 bpd of crude oil exports from the region that is failing to appear in the national total, and demands payment of over $1 billion owed. The full text of the KRG statement follows: Oil exports from the Kurdistan Region in […]
Iraq Reviews Oil Pipeline to Saudi Arabia
Among the options being considered by Iraqi lawmakers to reduce dependence on the Strait of Hormuz, is the reopening an oil pipeline to Saudi Arabia that's been closed since the Gulf War in the 1990s. Currently, most of Iraq's oil exports are shipped by tanker from Basra through the Strait of Hormuz, but Iran has […]