DNO Issues Updated Corporate Presentation
Norwegian oil company DNO, which has extensive interests in Iraqi Kurdistan, has issued an updated corporate presentation. Please click here to download (7.6 MB).
Basra Oil & Gas Welcomes 17,000 Visitors
The 2nd Basra Oil & Gas, organized by Expotim International Fair Organizations INC and Pyramids International Group, concluded on the 28th November with record exhibitor and visitor numbers. The 2011 edition of the largest oil & gas show in Iraq welcomed 17,000 visitors from over 40 countries emphasizing its stance as an international exhibition. This […]
Leighton Engineering Awarded $10m Iraq Contract
Leighton Offshore officially launched its new engineering business in Malaysia. DPS Leighton Engineering Sdn Bhd (LE), a fully owned PMC subsidiary of Leighton Offshore, provides engineering and PMC solutions for Leighton's international EPCIC and LOFS business. Leighton's detailed engineering and PMC arm has grown from the former oil and gas engineering consulting business of DPS […]
Able Logistics Seals Transport Agreement with Iraq
Able Logistics Group, a UAE based logistics & transport company, has secured a prized deal with the National Transport Company, an entity of the Iraqi Ministry of Transport, for the co-management of land transport operations to and from Iraq. Abdul Karim Al Zuhairi, the official spokesperson for the Ministry stated to Al Hayat NewsPaper on […]
Iraq Improves Rank in Corruption Index
Iraq has improved its position in Transparency International’s Corruption Perceptions Index from 4th worst to joint 8th worst. This places it ahead of Somalia, North Korea, Burma (Myanmar), Afghanistan, Uzbekistan, Turkmenistan, and Sudan, and on a par with Haiti. The improvement is to praised, but being behind countries such as Venezuela, the Democratic Republic of […]
Iraq Participates in Anti-Corruption Workshop in Amman
Iraq has recently participated in an Arab workshop on combating financial and administrative corruption in governmental and private institutions, according to a report from Aswat al-Iraq. The Jordanian al-Arab daily said that Iraq, Saudi Arabia, Oman and Jordan are participating in the workshop in Amman, Jordan, that tackles combating corruption with new technologies and the […]
Iraq: Pick a Sector
We all know oil and gas are the drivers of Iraq's economy and will fuel the development of the country, but it would be a mistake to think that all the investment in Iraq will go into energy-related infrastructure. Taking a totally unrelated sector as an example, healthcare in Iraq has received massive funding and […]
Weekly Security Update for 7th December 2011
As the US military withdrawal continues, many are worried at the possibility of increased militancy over the coming year in Iraq. Levels of violence rose over the past week with the highest number of casualties recorded in six months. As warned, terrorists targeted Shi’ah worshippers gathering to commemorate Ashura, with a number of attacks in […]
Iraq F-16 Order Finally Confirmed
Iraq wants to make a deal with the United States for another 18 F-16 multi-role fighters to expand its fledgling air force, according to reports from UPI and Aviation Week. Lockheed Martin won the deal to provide 12 F-16C and six F-16D Block 52 aircraft, plus spares and support. The contract runs through May 2018. […]
Exxon CEO Silent on KRG oil deal
ExxonMobil's Chief Executive, Rex Tillerson (pictured), refused on Tuesday to answer questions about the company's deal with the Kurdish Regional Government (KRG). When asked at a World Petroleum Congress in Qatar if he thought the contracts would hold up under Iraqi law, Tillerson said, "I'm not in a position to comment on that". At a […]
Iraq Approves $100bn Budget for 2012
Iraq’s Cabinet has approved a federal spending plan of almost $100 billion for 2012. The budget is based on an oil price of $85 a barrel and is smaller than the $112 billion spending plan discussed by the Cabinet in September, which was based on an oil price of $90 a barrel. The deficit will […]
dnata Re-Launches in Iraq
More than 100 airport and government dignitaries, customers and suppliers joined dnata’s senior management last night for a gala dinner in Erbil to celebrate the re-launch of the dnata brand in Iraq. Since its launch in March 2010, dnata’s operation at Erbil International Airport has expanded steadily, providing comprehensive ground handling and cargo services to […]