First IMIST Training Facility Opens in Iraq
International learning and skills specialist Atlas has expanded the global footprint of facilities capable of delivering the groundbreaking new global training initiative IMIST for the oil and gas industry with the approval of the first centre in Iraq. The accreditation of the Al Delma facility in Basra City demonstrates Iraq’s commitment to developing its energy […]
Barzani Throws Down the Gauntlet
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Iraqi Refugee Assistance Project Helps Iraqi Refugees
The Iraqi Refugee Assistance Project (IRAP) is a U.S.-based not-for-profit organization dedicated to providing legal assistance to Iraqi refugees in life and death situations. To date, IRAP has helped resettle more than 1,000 Iraqis identified by the United Nations and numerous other organizations as living in “extremely urgent situations.” Currently, around 2.5 million Iraqis remain […]
Deadline Approaching for EIC Trade Mission to Iraq
The EIC has confirmed that the Iraq trade mission is definitely going ahead on 11-15 Feb 2012. Please see the attached information pack for more details in regards to itinerary, security, insurance, Hostile Environment Training, etc. Due to the location, please ensure that you read the attached information carefully before submitting your application. Deadline for […]
2nd Middle East Energy Insurance Forum
Insurance solutions to address and cover the risks and exposures in oil and gas exploration & production. Tuesday, February 14 to Wednesday, February 15, 2012 Hilton Jumeirah Hotel, Dubai With recent political unrest in the Middle East facilitating a spike in oil prices, the growth in energy projects is set to continue unabated with the […]
Warka Bank enters Djibouti Market
President Ismail Omar Guelleh recently inaugurated the first subsidiary of Iraq-based Warka Bank for Investment and Finance (BWAI) in Djibouti to offer full range of banking services. The ceremony was attended by the Prime Minister Dileita Mohamed Dileita, Mr. Hichem Ben Turkia, who is Warka Bank representative, several members of government, as well as ambassadors […]
GKP Soars on Renewed Bid Rumours
Shares in Gulf Keystone Petroleum (GKP) closed up over 21% on Tuesday on renewed bid rumours, having been up as much as 40% in intraday trading. The company, which issued an update on operations on Monday, last month denied that is was in takeover talks, following rumours that ExxonMobil was considering making a bid for […]
Genel Energy to Upgrade Tawke Oilfield
Following a significant upgrade in the gross reserves of the Tawke oilfield in the Kurdistan Region of Iraq, Genel Energy plc today announced that it is to embark along with its partners, on a plant and pipeline upgrade which will significantly increase the production capacity of the field. The London-listed Anglo-Turkish company said that the […]
WesternZagros Provides Operational Update
WesternZagros Resources has provided an operational update for the drilling and testing operations at Mil Qasim-1 and Kurdamir-2, and the continued production from the Sarqala-1 extended well test. Mil Qasim-1 Exploration Well (Garmian Block) The Mil Qasim-1 well was cased to a depth of 2,129 metres and successfully drilled and wirelined logged to a final […]
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 […]