Barham Salih meets US VP Biden at White House
With the debate about the U.S. troop presence in Iraq seemingly out of the way, the Prime Minister of the Kurdistan Region of Iraq Barham Salih urged the Vice President of the United States Joseph P. Biden to deploy the broad array of diplomatic and economic tools necessary to ensure that the stability and prosperity […]
ShaMaran Increases Private Fundraising
ShaMaran Petroleum Corporation reports that it has increased the $50 million private placement previously announced on October 25, 2011 to $51 million. The Company will now sell on a non-brokered, private placement basis an aggregate of up to 127.5 million common shares of the Company at a price of $0.40 per common share for gross […]
Niqash Interviews Iraq’s Reconciliation Minister
Iraq’s National Reconciliation Minister Amir al-Khuzaei talks to NIQASH about why his job may be redundant once the US leaves, how armed militias will join the political process and the Libyan connection with Saddam Hussein’s followers. Any opinions expressed are those of the author and interviewee, and do not necessarily reflect the views of Iraq Business News. […]
President Barzani meets Belgian and EU Officials
President Masoud Barzani this week in Brussels met Belgium’s Foreign Minister Steven Vanackere. He also met European Union officials to discuss expanding relations with its member states. President Barzani encouraged Foreign Minister Vanackere to move Belgium’s Embassy from Amman to Baghdad and to consider opening a consulate in Erbil. Mr Vanackere commended the political and […]
Iraq SPE Workshop: Field Development, Synergies and Optimisation
Society of Petroleum Engineers (SPE) Iraq Workshop Few years have passed since the Iraq hydrocarbon market emerged to take an active role in the global energy market; growing fast with many different types of technical and logistical challenges but offering rewarding fruit. Our first SPE Iraq workshop aims to bridge the gap between the present […]
Iraq: Some Opinions are Worth More than Others
What's the future of business in Iraq? There are plenty of opinions on this, but the opinion of the former US Defense Department official who was tasked with promoting business in Iraq has to be worth more than most. So what does Paul Brinkley have to say about it? “There’s no opportunity like this in […]
Iraq’s 2012 Budget Forecast Based on $80 Oil
Azzaman news agency reports that the Iraqi Central Bank’s budget forecast for 2012 is based on and oil price of $80 per barrel. Muatasem Akram, a consultant with the bank, said the forecast was reasonable, though much below the 2012 forecasts for oil prices on international markets. He acknowledged the bank’s budgetary estimates for oil […]
ARINC Delivers New Air Traffic Control for Iraqi Air Force
ARINC Engineering Services, LLC today announced it has completed the procurement, integration, testing, and installation of new Air Traffic Control Tower (ATCT) systems and equipment for two bases of the Iraqi Air Force. The new technology will allow Iraq’s Air Force to establish efficient operational control with modern equipment in the control towers at Tikrit […]
AVEVA to Showcase Technology in Iraq
AVEVA (LSE:AVV) has announced that it will participate in the inaugural International Erbil Oil & Gas Exhibition, 15-18 December 2011 in Iraq, where it will showcase its object-centric systems for Integrated Engineering & Design solutions. AVEVA will demonstrate the full range of its AVEVA Plant Portfolio. AVEVA Plant is an integrated suite of software for […]
Iraqis Fear Impact of New Kuwait Port
This article was written by Ahmad Wahid, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of Iraqis working across five ports […]
Weekly Security Update for 9th November 2011
Despite the occurrence of several high-profile attacks around the country, the overall number of violent incidents actually fell in Iraq last week. At least 58 people were killed and 168 injured in nationwide attacks, which is a high figure but still a decrease from the previous week’s total. Attacks were concentrated in Baghdad and Mosul, […]
DNO Announces 3Q Results
DNO International this morning reported a net profit of NOK 299 million [$52.6 million] for the third quarter of 2011 versus a loss of NOK 146 million in the same quarter 2010. The strong result is affected by a net positive finance of NOK 301 million in this quarter. In the third quarter the Company […]