Iraq Publishes Oil Export Payments for 2009
Iraq has disclosed detailed information about the US$ 41 billion in revenue it received from oil and gas exports in 2009. Iraq’s disclosure of the figures follows the country’s commitment to the EITI standard, the global standard for transparency of resource revenues. The revenues are published in Iraq’s first EITI Report, which detailed production figures […]
Kirkuk Citadel to be Renovated
AKnews reports that the Iraqi Ministry for Tourism will begin renovating Kirkuk's historic citadel in early February. Deputy head of Kirkuk's archeology office told AKnews that the ministry has not announced the allocated budget for the project. She added this is the second time the citadel, located in the central Kirkuk, will be renovated. The […]
WPP Considers Acquisitions in Iraq
Dubai-based WPP Group's public relations firm, Asda'a Burson-Marsteller, is eyeing acquisitions opportunities in North Africa and Iraq, and hopes to complete one or more by the end of this year, The National has reported. The company has 11 wholly-owned offices and eight affiliate offices in the Middle East, North Africa and Pakistan, with clients including […]
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 […]