DNO Completes Merger with RAK
DNO International ASA announced the completion on Tuesday of its merger with RAK Petroleum PCL´s MENA operating subsidiaries, and increased its share capital to NOK 255,819,813.75 (comprised of 1,023,279,255 shares of NOK 0.25 each). On Friday, an Oslo court threw out a request by Petrolia Invest AS for an injunction to halt the merger, and […]
Exxon's Six KRG Oil Blocks Named
Kurdish oil minister Ashti Hawrami (pictured) has confirmed the names of the six exploration blocks awarded by the Kurdistan Regional Government to ExxonMobil: Al Qush, northwest of Erbil city and formerly assigned to Komet Group but withdrawn for lack of development; Bashiqa, southeast of Al Qush town; Pirmam in Erbil; Betwata; Qura-Hanjeer, southwest of Chamchamal; […]
DFC Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Market Tracker report from Dunia Frontier Consultants. In This Report: Companies Mentioned: DNO, Exxon, Genel Energy, Gulf Keystone, WesternZagros Action Calls Maliki on way to de facto majority government Stability in government, but watch Kurds for Exxon, future of oil in both Kurdistan […]
Gulf Keystone Updates on Kurdistan Operations
Gulf Keystone provided an update on Monday morning on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis with a mean value […]
Boycotting Ministers Temporarily Replaced
Iraqi Prime Minister Nuri al-Maliki (pictured) has backed off threats to fire ministers boycotting cabinet, and has instead named temporary replacements, according to AFP. Maliki's spokesman, Ali Mussawi, said, "we cannot allow the government's work to stop. Their absence gave us two choices -- either fire them or consider them on leave. The cabinet voted that […]
KBR to Revamp the North Fertilizer Plant in Baiji
KBR has announced that it has been awarded a contract by First Global Company to revamp the North Fertilizer Plant in Baiji [Beiji, Bayji], Iraq. Under the terms of the contract, KBR will provide a license for its proprietary Ammonia Process and related engineering services to increase the plant capacity to 120 percent of the […]
11 New Factories Opened in Duhok in 2011
The chief of industrial development in Duhok has said that 11 new factories were opened in the province in 2011, up from seven 2010. According to the report from AKnews, an additional five factories were sanctioned last year but they are yet to open. All the factories are of private sector. There are 546 factories […]
Need for Food Storage in Sulaimaniya
Food stocks in the governorate of Sulaimaniya are now less than two weeks according to Sirwan Mohammed, the head of Sulaimaniya Chamber of Commerce. He told AKnews that since last year his office has been demanding the government allocate land plots to the Chamber so that it can construct new storage units. He added that […]
Former Major Gets 12 Years for Corruption
A former U.S. Army contracting official has been sentenced to 12 years in prison for his participation in a bribery and money laundering scheme related to bribes paid for contracts awarded in support of the Iraq war. Eddie Pressley, 41, was also ordered to serve three years of supervised release following the prison term. The […]
Assessment of Laboratory Infrastructure and Existing Quality System Arrangements
Project No. FB/IRQ/09/A04 -Assessment of laboratory infra-structure and existing quality system arrangements with reference to compliance with ISO/IEC 17025 standard requirements The UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION (UNIDO), hereby invites you to submit a written proposal for the provision of assessment and technical advice towards achieving international accreditation (ISO/IEC 17025) in the mechanical and materials […]
Supply of Power Generating Sets and Motor Pumps to the Iraqi Ministry of Agriculture: Supply Contract Forecast
1. Publication reference MOA - Italian Loan- Contract No.MT/O/12/2011 Lot No.1 (120) Generating Sets, Lot No.2 (250) Motor Pumps(150)M3/h, Lot No.3 (100) Motor Pumps(225)M3/h. 2. Procedure Restricted to Italian Legal Persons 3. Programme Soft Loan for agriculture and irrigation sector in Iraq 4. Financing Ministry of Foreign Affairs of the Republic of Italy - DGCS […]
Supply Contract Forecast - Supply of Solar Powered Pumps to the Iraqi Ministry of Agriculture
1. Publication reference Ministry of Agriculture - Italian Loan- Contract N o.MT IMl13/20 11 (10) Solar powered Pumps. 2. Procedure Restricted to Italian Legal Persons 3. Programme Soft Loan for agriculture and irrigation sector in Iraq 4. Financing Ministry of Foreign Affairs of the Republic ofItaly - DGCS 5. Contracting authority Iraqi Ministry of Agriculture […]