Heritage Oil Announces Successful Testing at Miran West-3 Well
Heritage Oil has announced that it has completed testing of the oil bearing Upper Cretaceous reservoir in the Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan"): Maximum flow rate achieved from the Upper Cretaceous reservoir was 1,950 bopd, restricted by surface equipment Confirmed gross in-place P50-P90 contingent volumes of 53-75 MMbbls of oil […]
Italian Minister Leads Delegation at Italian-Kurdistan Forum
Italy's Minister of Economic Development Paolo Romani this week led a trade delegation representing more than 50 companies to the Kurdistan Region to participate in a high profile business conference. Minister Romani’s visit to Kurdistan was part of a broader trip to Iraq, and was organised to coincide with the Italian-Kurdistan Region Business Forum and […]
Dutch Poised to Help Iraq Port Development
High-ranking officials from Iraq and the Netherlands have met to discuss Dutch participation in developing Iraq’s sea-ports, according to a report from Contstruction Weekly. Omran Radi, the director of the State Company of Iraq Ports and Yaron Rodenberg, the Dutch ambassador to Iraq, met this month to explore potential cooperation and work together to develop […]
Weekly Security Update for 5th October 2011
Levels of violence fell slightly in Iraq over the past week. There was a rise in the number of small arms attacks, mainly in Baghdad and the neighbouring province of Diyala. There was also a slight rise in the number of indirect fire attacks countrywide, which left two people dead (including a US soldier) and […]
English Translation of Draft Oil and Gas Law
The Iraq Energy Institute has translated the new draft hydrocarbon law into English. There are two versions provided: Compiled by the Parliamentarian Oil & Energy Committee, and presented to the Council of Representatives on 17th August 2011; Compiled by the Federal Ministry of Oil, and presented to the Council of Ministers on 25th August 2011. […]
New Refineries for Karbala and Maysan
The Iraqi Oil Ministry wants to build two new refineries in the provinces of Karbala [Kerbala] and Missan [Maysan], in order to reduce the country's dependency on foreign oil imports, according to AKnews. The one in Karbala will produce up to 140.000 barrels of fuel per day, the one in Missan up to 150,000. The […]
New Housing Opportunity in Baghdad
In conjunction with the Shiite Endowments Authority, the National Investment Commission (NIC) has announced an investment opportunity to construct a housing complex in Baghdad on the lot numbered 16/207 M4 - Kerada (total area of 60 donums). Investment license applications can be found on the One Stop Shop page of the NIC's website. Applications should […]
Iranian Company to Rehabilitate Iraq's Rail System
AKnews reports that an Iranian company called Waxon Park is going to invest in the Iraqi Republic Railways Company (IRR). Jawad al-Kharsani, spokesman for the Iraqi Transport Ministry, said that Waxon Park will first rehabilitate the factory in Samawa and then the railway system and rolling stock. "We have not yet outlined the final costs […]
Indian Company Presents Pipe Project in Basra
A delegation from the Indian company Jindal recentlty visited Basra Investment Commission and presented an industrial investment project to construct a plant for pipe production and coating. The assistant director of the company revealed that the investment capital of the project is 200 million dollars and that the project requires an area of 160 acres. […]
Luxury Retailer to Focus on Iraq
Paris Gallery, the Dubai-based luxury retailer, has scrapped plans to expand in Syria, Egypt and Lebanon, following the unrest in parts of the Middle East. Instead, the perfumes and cosmetics retailer will focus on economies it considers more stable, such as Iraq, Turkey, Azerbaijan and India. "We opened one store in Aleppo, but the process […]
President Barzani meets Austrian President
Kurdistan Region President Masoud Barzani met with Austria's President Heinz Fischer on Friday in Vienna to discuss bilateral relations and mutual cooperation. In a very cordial meeting, President Barzani and President Fischer exchanged views on the current political situation in Iraq and in the Kurdistan Region, and the recent political developments in the Middle East. […]
Omnnea Represents Iraq at GITEX in Dubai
In a move to showcase Omnnea's Research and Development products, Omnnea will participate at GITEX 2011 in Dubai. Dr. Faisal Fadul, Omnnea's CEO, said: "We are proud to be the first Iraqi company to participate in this exhibit where we are given the opportunity to compete in the same arena as the best the world […]