US to Halve Iraqi Embassy Staff
The US State Department is planning to cut its diplomatic presence in Iraq by as much as half, the New York Times reports. Michael W. McClellan, spokesman for the embassy, said : “Over the last year and continuing this year the Department of State and the Embassy in Baghdad have been considering ways to appropriately […]
Agriculture Ministry Plans to Save 3.6bn cu. meters of water
The Iraqi Agriculture Ministry has announced plans to save 3.6 billion cubic meters of water by deploying 35,000 irrigation sprinklers during the next planting season, according to AKnews. Ministry spokesman Karim al-Tamimi said the sprinklers were distributed among all provinces in the country. Iraq has suffered from drought due to a lack of rainfall as […]
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Statoil to Sell West Qurna-2 Stake to LUKoil
Russia’s LUKoil is set to become the only foreign operator of the West Qurna-2 oil project in Iraq after its partner, the Norwegian company Statoil, asked Iraq's oil ministry for permission to sell its stake, according to The Voice of Russia. The Iraqi Oil Ministry has reportedly approved the deal, which would give LUKoil a […]
Iran to Start Production at Joint Oilfield with Iraq
Iran will begin production at the Yadavaran oilfield, which it shares with Iraq, by the end of the current Iranian calendar year (which ends on March 20), according to ISNA news agency. The oilfield is estimated to hold around 12 billion barrels of in-situ crude oil, along with 12.5 trillion cubic feet of associated gases, […]
KRG Participates in Middle East Anti-Corruption Conference
A delegation from the Kurdistan Regional Government participated in the 3rd Middle East Summit on Anti-Corruption. The conference was a platform for senior-level executives in both public and private sectors to discuss strategies for minimizing bribery risks in the Middle East and implementing an effective and risk-based global compliance program. Ms Nisar Talabany, Senior Adviser […]
Proposals to Develop Damlaj Lake
Wasit Provincial Council is currently puting a committee together to discuss plans to transform Damlaj Lake into centre for tourism, according to a report from AKnews. The panel will discuss how to increase the 435 sq km lake's capacity of water storage, and to attract and discuss investment opportunities with foreign and domestic companies. The proposed […]
Oil Exports Via Turkey Resume After Sabotage
Exports of crude oil from northern Iraq via the Turkish port of Ceyhan (pictured) have resumed on Monday after a three-day halt resulting from sabotage to the pipeline network in Turkey, according to Bloomberg. Ziad Ahmad al-Obaidi, an official from the North Oil Company said the initial rate was 400,000 barrels to 500,000 bpd. Iraqi […]
Iraq has More than $60 billion in Foreign Reserves
Iraq now has over $60 billion in foreign currency reserves as a result of the country's oil sales, according to a report from Azzaman. Mudher Saleh, a consultant with Iraq's Central Bank, said the reserves are the highest in the country’s history, and are more than enough to cover the total volume of national currency […]
Zaha Hadid Architects Sign Deal for new Central Bank
Zaha Hadid joined H.E. Dr Sinan Al-Shabibi, Governor of the Central Bank of Iraq (CBI) at a ceremony to sign the agreement between the CBI and Zaha Hadid Architects (ZHA) for the design stages of the new CBI Headquarters building. The ceremony was hosted at the Victoria & Albert Museum by H.E. Dr Muhielddin Hussein […]
Basra Postpones Bid for Independence
Last year the oil-rich state of Basra announced it wanted more independence from Baghdad. This year it changed its mind. Decision makers say the timing is wrong, critics say Baghdad put locals under pressure, according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily reflect the views […]
Midland Refineries Co Announces New Tenders
Midland Refineries Co announces for purchasing the materials as stated below: Instruments & Meters: -I/P transducer Input: 4-20 MA Output: 3-15 psi -I/P transducer Model: kux 113-xh11ad-7 Input: 4-20 MA Output : 3-15 psi Please note that the closing date is 5/3/2012 till 1 o'clock . For further information, please click here.