Whitby & Mohajer Target Iraqi Market
Iran and Iraq will be major target markets for Dubai’s newest engineering consultancy, Whitby & Mohajer, says the company’s MEP director. While the usual target markets of Saudi Arabia, Qatar and the UAE will still be areas of interest, Louise Collins told MEP Middle East said that the intense competition for MEP contracts in those […]
Chevron Phillips to Invest $6bn in Basra
The American petrochemical producer Chevron Phillips Chemical is to invest $6 billion [7.2 trillion Iraqi dinars] to create a new facility in Basra. AKnews reports that the Company has obtained a licence to operate in the city, and that Basra Investment Commission has also voiced its support for the project and is now seeking to allocate […]
DNO Commences Cash Sales to Kurdistan Local Market
DNO International ASA has redirected nearly one third of its crude oil production in the Kurdistan Region of Iraq to sales to the domestic market in a move that will improve predictability and stability of its revenue stream. The Company recently signed contracts with three buyers for delivery of around 675,000 barrels of oil from […]
Iraq Signs Final Akkas Gas Deal with KOGAS
Iraq's oil ministry has signed a final deal with Korea Gas Corp. (KOGAS) to develop its Akkas gas field in the western province of Anbar, according to Reuters. Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round last October. But KazMunaiGas pulled out of the […]
Iraq Discusses Investment with Indian Delegation
Iraqi Deputy Prime Minister with responsibility for energy issues, Hussein al-Shahristani, called on a visiting Indian delegation on Sunday to make much-needed investments in Iraq's energy, industry and housing sectors, according to AFP. "Shahristani discussed the means for Indian investment and developing the industrial and oil sectors in Iraq with an Indian delegation," according to […]
Erbil to Host Iraq’s Largest International Trade Fair
Erbil, capital of the Kurdistan Region, will this month host Iraq’s largest international trade fair for the seventh consecutive year. More than 850 exhibitors from over 20 countries are participating in the exhibition. Decision-makers from not only the Kurdistan Region but also other parts of Iraq are expected to visit the exhibition to meet the […]
Iraq Plans Refinery When Developing Nasiriyah Oil Fiel
Bloomberg reports that Iraq will ask companies to build an oil refinery when it invites bids to develop the Nasiriyah field south of Baghdad. Abdul- Mahdi al-Ameedi, the head of the ministry’s licensing department, said, “we will not develop the Nasiriyah oil field on its own but in tandem with the establishment of a refinery”. […]
Nujayfi Uses the F Word Again
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. […]
Emirates to launch Baghdad route
Emirates will launch its Dubai-Baghdad route on November 13, making the Iraqi capital its 115th international destination. Trade Arabia reports that Emirates held a gala dinner in Baghdad to mark the occasion. “Baghdad has been on our wish list for some time and we are now ready for our launch on the 13th November,” said […]
Iraq Stock Market Report
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th October 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,659 / $1,841, -0.9% (weekly change). The number of weekly traded shares was 3.0bn and the weekly trading volume was […]
The NGO that Wasn’t: Bogus Charities Collecting Billions
Previously NGOs were seen as critical to Iraq’s reconstruction efforts. But numbers have dwindled. And not everyone is sad to see them go – many were fakes, siphoning funds, engaged in corruption and deceiving locals, according to this report from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the […]
UN Helps Feed over 550,000 Iraqi Children
More than 550,000 children in some of the most vulnerable districts of Iraq will benefit from a United Nations-backed school feeding programme that seeks not only to improve their nutrition but also to encourage poor families to send their children to school in the first place. The joint programme launched by the UN World Food […]